Free Open Listing Realty Agreement Template

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."