The Non-Exclusive Listing Agreement serves as a flexible option for property owners who want to maintain control over their property's sale while benefiting from professional real estate services. This document is commonly used in the United States when owners want to work with multiple brokers simultaneously or retain the right to sell the property themselves. The agreement typically includes property details, listing price, commission structure, marketing commitments, and duration of the listing, while ensuring compliance with state-specific real estate regulations and federal fair housing laws.
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1. Parties: Identification of property owner and real estate broker/agent
2. Background: Context of the listing arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being listed
5. Listing Terms: Price, duration, and terms of the listing
6. Commission Structure: Details of broker compensation and payment terms
7. Broker's Obligations: Services to be provided by the broker
8. Owner's Obligations: Property owner's responsibilities and commitments
9. Term and Termination: Duration of agreement and termination provisions
1. Marketing Plan: Specific marketing strategies and commitments to be implemented by the broker
2. Photography Rights: Rights and usage of property photographs and media content
3. Virtual Tours: Provisions for virtual showings and online tours of the property
1. Property Details Schedule: Detailed property specifications, features, and included/excluded items
2. Commission Schedule: Detailed breakdown of commission structures and various transaction scenarios
3. Marketing Materials Appendix: Samples or templates of agreed marketing materials and strategies
4. Property Disclosure Statement: Required property condition disclosures as mandated by state law
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