The Listing Release Form serves as a critical document in U.S. real estate transactions when either party wishes to end a listing agreement before its natural expiration. This document becomes necessary when there's mutual agreement to terminate the listing, when the property is being withdrawn from the market, or when changing real estate agents. The form typically includes details about any compensation due, protection periods, and mutual releases from future claims. It's essential to protect both parties' interests and provide clear documentation of the termination terms.
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1. Property Information: Detailed description of the property being listed, including address, property type, and key features
2. Listing Terms: Duration of listing, asking price, commission structure, and basic terms of the listing agreement
3. Agency Relationship: Definition of the relationship between property owner and real estate agent, including scope of authority
4. Rights and Obligations: Detailed responsibilities of both the property owner and the real estate agent during the listing period
5. Termination Provisions: Conditions and process for ending the listing agreement, including notice requirements
1. Marketing Authorization: Specific permissions for marketing activities, including digital marketing, open houses, and advertising
2. Dual Agency Consent: Permission and terms for agent to represent both seller and potential buyer in the same transaction
3. Commission Protection: Terms for extended commission rights after listing expiration for prospects introduced during listing period
1. Property Details Schedule: Comprehensive property information including specifications, fixtures, and included/excluded items
2. Marketing Plan: Detailed marketing strategy including planned activities, platforms, and commitments
3. Commission Schedule: Detailed breakdown of commission structure, including any variable rates or special circumstances
4. Property Disclosure Statement: Required disclosures about property condition, known defects, and material facts
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