The Unimproved Property Listing Agreement serves as the foundational document for marketing and selling vacant land in the United States. This agreement is essential when property owners seek professional representation to sell undeveloped property, whether for development, investment, or other purposes. It differs from improved property listings by addressing specific considerations for vacant land, such as zoning, environmental factors, and development potential. The agreement establishes the broker's authority to market the property, sets compensation terms, and outlines the scope of services to be provided. It must comply with both federal regulations and state-specific real estate laws.
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1. Parties: Identification of property owner and real estate broker/agent
2. Background: Context of the agreement and basic property information
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the unimproved property including legal description
5. Listing Terms: Price, duration of listing, and commission structure
6. Broker's Obligations: Services to be provided by the broker
7. Owner's Obligations: Property owner's responsibilities and warranties
8. Term and Termination: Duration of agreement and termination provisions
1. Protection Period: Post-listing period where broker maintains rights to commission for leads generated during listing period
2. Multiple Listing Service: Terms related to MLS listing and associated requirements
3. Virtual Tours/Marketing: Special marketing provisions and digital promotion strategies
1. Property Information Schedule: Detailed property specifications, dimensions, and features
2. Marketing Plan: Detailed marketing strategy and activities
3. Commission Schedule: Detailed breakdown of commission structure and payment terms
4. Property Survey: Technical survey of the property including boundaries and topographical information
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