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Master Listing Agreement Generator for the USA

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Key Requirements PROMPT example:

Master Listing Agreement

"Need a Master Listing Agreement for a portfolio of 15 commercial properties in California and Nevada, with exclusive rights to the broker and specific digital marketing requirements, to be effective from March 2025."

Document background
The Master Listing Agreement serves as a foundational document in U.S. real estate transactions where property owners need to list multiple properties or anticipate ongoing listing needs. This contract type streamlines the listing process by establishing standardized terms, commission structures, and service expectations across multiple properties. It's particularly valuable for property developers, investment firms, or individual investors with extensive portfolios. The agreement ensures compliance with federal regulations like RESPA and state-specific real estate laws while providing flexibility for property-specific addenda.
Suggested Sections

1. Parties: Identification of the broker/agent and property owner

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of services to be provided by the broker

5. Term and Termination: Duration of agreement and termination conditions

6. Commission Structure: Payment terms and commission rates

7. Responsibilities of Parties: Obligations of both broker and property owner

Optional Sections

1. Marketing Plan: Detailed marketing strategy and commitments - use for high-value properties or when specific marketing commitments are required

2. International Marketing: Provisions for international marketing efforts - use when targeting international buyers

3. Digital Marketing Rights: Specific provisions for online marketing and social media - use when digital marketing is a significant component

Suggested Schedules

1. Schedule A - Property Details: Detailed description of the property(ies) covered by the agreement

2. Schedule B - Commission Schedule: Detailed breakdown of commission structures and payment terms

3. Schedule C - Marketing Plan: Detailed marketing strategy and timeline

4. Appendix 1 - Required Disclosures: State and federal required disclosures

Authors

Alex Denne

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

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Industries

RESPA: Real Estate Settlement Procedures Act - Federal law governing real estate transactions, prohibiting kickbacks, requiring specific disclosures, and regulating settlement services

Fair Housing Act: Federal law prohibiting discrimination in real estate transactions, defining protected classes, and establishing requirements for fair practices in marketing and advertising

TILA: Truth in Lending Act - Federal regulation requiring specific disclosures regarding financial terms and conditions in real estate transactions

ADA: Americans with Disabilities Act - Federal law establishing accessibility requirements and non-discrimination provisions for real estate transactions

State Real Estate Laws: State-specific regulations governing licensing requirements, agency relationships, disclosure requirements, and commission regulations

State Contract Laws: State-specific laws governing contract formation, enforcement, statute of frauds requirements, and electronic signature regulations

NAR Code of Ethics: National Association of REALTORS�� professional standards and ethics requirements governing real estate professionals

State Real Estate Commission Rules: State-specific regulations defining broker responsibilities, required contract elements, and record-keeping requirements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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