The Sales Inspection Report And Exclusive Agency Agreement is essential when property owners seek professional representation for selling their property while documenting its condition. This document is particularly relevant in the United States real estate market where both detailed property disclosure and clear agency relationships are legally required. It combines property inspection findings with exclusive agency terms, providing transparency for all parties and establishing clear responsibilities. The document is commonly used when initiating a new listing relationship and requires compliance with both federal regulations and state-specific real estate laws.
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1. Parties: Identification of the agent and property owner
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Scope of Agency: Details of exclusive agency rights and obligations
5. Property Description: Detailed description of the property being sold
6. Commission Structure: Terms of payment and commission rates
7. Duration of Agreement: Term and termination provisions
1. Marketing Plan: Specific marketing strategies to be employed when detailed marketing commitments are required
2. Additional Services: Extra services provided by the agent beyond standard listing
3. Virtual Tour Provisions: Terms regarding virtual showings and virtual tour marketing strategy
1. Schedule 1 - Property Inspection Report: Detailed inspection findings and condition assessment
2. Schedule 2 - Property Photographs: Visual documentation of property condition
3. Schedule 3 - Marketing Materials: Samples or templates of proposed marketing materials
4. Schedule 4 - Commission Schedule: Detailed breakdown of commission structures
5. Schedule 5 - Property Disclosure Statement: Mandatory disclosures about property condition
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