Listing Overview: Lecture 4

The Listing Contract Overview

If you have not read the whole listing contract from start to finish, you should download the attached file and review it. Read the entire document from start to finish. Use your highlighter, and write down any questions as you go along. Circle any questions you have and get answers from your broker, office manager, or legal counsel.

This is your contract, your paycheck, your legal obligation. As you are meeting with sellers in their home, they will want you explain the terms to them. You’re the professional and you need to know your contract.

Realtors® in California use the C.A.R. forms prepared by the California Association of Realtors® attorneys. These contracts are available online through ZipForms. Usually you will be listing a residential house or condo for sale and using the standard residential listing agreement.

But, if the property type is not a typical single family home, or if the property has a specific situation, you may need to use a specialty listing agreement contract. For example:

● Probate / Estate

● Manufactured Home

● Income Property

● Commercial Property

● Vacant Land

Check with your broker for advice on which type of listing agreement contract to use. Today we’re going to focus on the residential listing transaction.

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