Listing Addendum

Listing Addendum Generator for the USA

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Key Requirements PROMPT example:

"I need a Listing Addendum to modify the commission structure from 6% to 5% and extend the listing period by 90 days, starting March 15, 2025, for my residential property at 123 Main Street."

Document background

A Listing Addendum serves as a crucial modification tool in the U.S. real estate industry, allowing parties to update their original listing agreement as circumstances change. This document type is commonly used when there's a need to adjust listing terms, such as price modifications, extended listing periods, or revised marketing strategies. The Listing Addendum must comply with federal real estate laws, state-specific requirements, and local regulations. It's particularly valuable in dynamic market conditions where flexibility in listing terms is essential for successful property sales.

Suggested Sections

1. Parties: Identification of the seller and listing agent/broker

2. Background: Reference to original listing agreement and reason for addendum

3. Definitions: Key terms used in the addendum

4. Modifications: Specific changes or additions to the original listing agreement

5. Integration: Statement confirming how addendum relates to original agreement

6. Signatures: Execution block for all parties

Optional Sections

1. Commission Modifications: Used when modifying original commission terms or structure

2. Marketing Requirements: Used when changing marketing strategy or requirements from original listing

3. Property Changes: Used when property details have changed since original listing

4. Price Modifications: Used when adjusting listing price from original agreement

5. Term Extensions: Used when extending or modifying the original listing period

Suggested Schedules

1. Updated Property Photos: New or additional property photographs since original listing

2. Modified Property Description: Updated detailed description of property features and conditions

3. Revised Marketing Plan: Updated marketing strategy and timeline for the listing

4. New Price Analysis: Updated comparative market analysis supporting price changes

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Agreement

Effective Date

Business Day

Clauses

Relevant Industries

Real Estate
Property Development
Property Management

Relevant Teams

Real Estate Sales Team
Legal Department
Compliance Team
Marketing Team
Administrative Team

Relevant Roles

Real Estate Agent
Real Estate Broker
Property Manager
Real Estate Attorney
Compliance Officer

Industries

RESPA: Real Estate Settlement Procedures Act - Federal law governing real estate settlement processes and disclosures in residential transactions

TILA: Truth in Lending Act - Federal regulation requiring disclosure of credit terms and standardized calculation methods for financing costs

Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, familial status, or disability

ADA: Americans with Disabilities Act - Federal law ensuring accessibility and preventing discrimination against individuals with disabilities in real estate transactions

Equal Credit Opportunity Act: Federal law prohibiting discrimination in credit transactions, including real estate financing, based on protected characteristics

E-SIGN Act: Electronic Signatures in Global and National Commerce Act - Federal law establishing legal validity of electronic signatures in real estate transactions

State Real Estate Licensing Laws: State-specific regulations governing real estate professional licensing, duties, and responsibilities

State Property Laws: State-specific laws governing property rights, transfers, and real estate transactions

State Disclosure Requirements: State-mandated disclosures required in real estate transactions regarding property condition, hazards, and material facts

State Contract Requirements: State-specific rules governing the formation, content, and execution of real estate contracts

State Consumer Protection Laws: State laws protecting consumers in real estate transactions from unfair or deceptive practices

Local Zoning Ordinances: Municipal regulations governing property use, restrictions, and development requirements

Local Transaction Requirements: City or county-specific rules and procedures for real estate transactions

NAR Code of Ethics: Professional standards and ethical requirements established by the National Association of REALTORSยฎ

MLS Regulations: Multiple Listing Service rules governing property listing requirements and practices

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