Free Open Listing Realty Agreement Template
Open Listing Realty Agreement Template Free - Define terms for multiple agents to market and sell your property. Covers commission rates, listing duration, and agent duties.
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Agreement Date
Property Owner (Seller)
Broker/Agent
Property Description
Listing Price
Commission
Term and Termination
Governing Law
Signatures
Preview
Open Listing Realty Agreement Template
This Open Listing Realty Agreement ("Agreement") is entered into on [Date], by and between:
Property Owner (Seller):
Name: __________________________
Address: __________________________
Email: __________________________
Phone: __________________________
Broker/Agent:
Name: __________________________
Agency: __________________________
License Number: __________________________
Address: __________________________
Email: __________________________
Phone: __________________________
Collectively referred to as the \Parties.\""
1. Property Description
"The Property Owner grants the Broker the non-exclusive right to market and sell the following property:"
Property Address: [Property Address and Legal Description]
2. Listing Price
Listing Price
3. Commission
- Commission
- No commission shall be owed if the sale is made by another agent or by the Property Owner without the involvement of the Broker.
4. Broker's Duties
The Broker agrees to:
- Market the property through reasonable efforts, including listing services, advertisements, and open houses.
- Communicate offers and inquiries promptly to the Property Owner.
- Comply with all applicable real estate laws and licensing requirements.
5. Owner's Rights
The Property Owner reserves the right to:
- Sell the property independently without paying a commission.
- Engage additional brokers or agents to market the property simultaneously.
6. Term and Termination
- This Agreement begins on [Date] and continues until [Date] unless terminated earlier by either Party with [X days] written notice.
- Any pending offers submitted before termination remain subject to commission payment if the Broker initiated them.
7. Disclosure and Compliance
"Both Parties agree to comply with all state and federal real estate laws, including disclosure of material facts about the property to prospective buyers."
8. Indemnification
"Each Party agrees to indemnify and hold harmless the other against claims, damages, or liabilities arising from their own actions or omissions under this Agreement."
9. Governing Law
This Agreement shall be governed by the laws of [State/Country].
10. Entire Agreement
"This document constitutes the entire understanding between the Parties and supersedes all prior agreements or representations."
Signatures
Property Owner Signature
Name: ____________________________
Date: _________
Printed Name: _________________________________________
Broker Signature
Date: _________
Printed Name & Title: _________________________________________
Frequently Asked Questions
Find answers to common questions about our templates.
You can create various real estate documents including purchase agreements, lease agreements, property management agreements, quitclaim deeds, warranty deeds, construction contracts, lien waivers, and other real estate-related legal documents.
Real estate transactions often involve significant financial investments and complex legal requirements. While our templates provide a solid foundation, we strongly recommend consulting with a real estate attorney, especially for property purchases, sales, or complex transactions.
Some of our templates are state-specific, while others are general templates that can be adapted. Real estate law varies by state, so we recommend having a local real estate attorney review your completed document to ensure compliance with your state's specific requirements.
Yes, all real estate templates are fully customizable. You can fill in property addresses, descriptions, purchase prices, terms, conditions, and any other relevant details. The preview updates in real-time as you make changes.
Many real estate documents, such as deeds and certain agreements, need to be recorded with the appropriate county recorder's office to be legally effective. We recommend consulting with a real estate attorney or title company to determine recording requirements for your specific document.
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