Exclusive Authorization And Right To Sell Multiple Listing Authorization Form

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EXCLUSIVE AUTHORIZATION AND RIGHT TO SELL
MULTIPLE LISTING AUTHORIZATION
This is intended to be a legally binding agreement –READ IT CAREFULLY
1.
EXCLUSIVE RIGHT TO SELL: I hereby employ and grant______________________________,
hereinafter called “Broker,” the exclusive and irrevocable right commencing on _____________,20___,
and expiring at midnight on_____________, 20___, to sell or exchange the real property situated in the
City of_____________________________, County of________________________, State of__________,
described as follows:____________________________________________________________________.
2.
TERMS OF SALE: The purchase price shall be ($________________________), and on the
following terms or upon any other price and terms acceptable to me_______________________________.
MULTIPLE LISTING SERVICE (MLS): Broker is a Participant of the Multiple Listing Service (MLS)
and this listing information will be provided to the MLS to be published and disseminated to its
Participants. The Broker is authorized to cooperate with other licensed Brokers to sell this property and to
share the commission resulting from the sale with the selling broker on a basis solely determined by the
Listing Broker and to report the sale, including the price, terms and financing for the publication,
dissemination, information and use by authorized Association members, MLS Participants and Subscribers.
3.
COMPENSATION: Owner hereby agrees to compensate Broker, irrespective of agency
relationship(s ) as follows: (a)_____percent of the selling price or $_____________, (I) if the property is
sold during the term hereof, or any extension thereof, on the terms herein set forth or any other price and
terms Owner may accept or through any other person, or by me, or (ii)_____percent of the listing price or
$________________, if said property is withdrawn from sale, transferred, conveyed, leased or rented
without the consent of Broker, or made unmarketable by Owner’s voluntary act during the term hereof or
any other extension thereof.
(b) The compensation provided for in subparagraph (a) above if property is sold, conveyed, or otherwise
transferred within ______days after termination of this authority or any extension thereof to anyone to
whom this property was shown provided Owner has received notice in writing, including the names of the
prospective purchasers, before or upon termination of this agreement or any extension thereof.
(c) Owner shall not be obligated to pay the compensation provided for in subparagraph (a) if a valid listing
agreement is entered into during the term of said protection period as provided for in subparagraph (b) and
a sale, lease or exchange of the property is made during the term of said valid listing agreement.
5. DEPOSIT: Broker is authorized to accept and hold on Seller’s behalf a deposit on the account of the
purchase price. In the event a deposit is forfeited, one-half the same shall be retained by or paid to the
Broker, as his compensation, and one-half paid to owner, provided that the Broker’s portion of any such
forfeited deposit shall not exceed the amount of the above named commission.
6. LOCKBOX: Owner authorizes Broker to install a LOCKBOX. A lockbox designed as a repository of
a key to the above premises will permit access to the interior of the premises by Participants of the Multiple
Listing Service (MLS) and their authorized licensees. If property is not owner occupied, owner shall be
responsible for obtaining occupant’s written permission for use of the lockbox. Neither listing nor selling
broker, MLS or Association of REALTORS® is an insurer against theft, loss, vandalism or damage
attributed to the use of lockbox.
YES(_____/_____) NO(_____/_____)
7. SIGN: Owner authorizes the installation of a SALE/SOLD sign on the property
. YES(_____/_____)
NO(_____/_____)
8. The Listing Broker is hereby authorized as an MLS Participant to:
a.
Offer other licensed Brokers Subagency and Compensation.
YES
NO
b. Offer other licensed Brokers cooperation and compensation by not subagency.
YES
NO
c.
Participate in and offer disclosed Dual Agency and Compensation.
YES
NO
d. Offer Cooperation and compensation to transaction brokers who are not
agents of the seller nor the buyer.
YES
NO
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