explanation of listing agreement

1. LISTING AGREEMENT
FORM
TAR 1101

2. Required Documents
LISTING AGREEMENT
MLS SHEET
IABS
SELLER DISCLOSURE
WIRING FRAUD NOTICE

3. Page 1
Complete Seller information.
Include Spouse if applicable (check the Tax
info)
Broker is EXP Realty, LLC – Not Ron Dunagan or
any
name. Use the Regus office info and your own
contact info
Complete Property Description. Use County tax
info
2.B Improvements – Seller agrees to sell all Improvements
and
Accessories that are not excluded
Page 1

4. ..
Exclusions – Make sure to list everything that is
excluded
List
Price
Listing Term – common is 6 months. Best practice is
to
Every listing on same day of the month for
consistency.
5 B,C- Read when commission is earned and payable. Just
because Seller terminates the agreement or decides to not close
on a Does not necessarily mean agent loses commission
Commission Amount – will be split with buyer
agent
5 D – Other Compensation – if seller receives earnest money
agent
May be entitle to half. Read Carefully!
Page 2

5. 5.2 – Service providers - agent may receive
compensation or referrals in addition to the
commission
5.3 – Other Compensation – Reimbursable
expenses,
Marketing, cancellation fee, transaction fee, etc.
Protection Period – READ CAREFULLY –
1. Defines Protection Period
2. Names must be submitted to Seller within 10
days
3. Does not apply if…
F. County is the one you are in.
6.1.a – Broker will file with MLS within 5 days or
earlier
MLS require to provide accurate listing sales info
Page 3

6. Warning to seller not to exclude from mls
Definition
s
Seller grants irrevocable, royalty-free rights to
pictures, Video, virtual tours and broker listing
content.
Scheduling
Company
Authorization to
Access
Authorized to place
Keybox
Page 4

7. Make sure to check the Authorized box.
Broker/Agent is held harmless and not responsible
for loss, theft, etc..
Agree to Pay other buyer’s agent
We do not participate with Sub-
Agents
Intermediary agreement and
explanation
Page 5

8. Does not agree to intermediary
BOLD PRINT – Read Carefully “If broker acts
as
intermediary”
Confidentiality
agreement!
Broker Authorized to market, place on internet,
(seller must
Specify if not wanting internet exposure)
Authorized to advertise finance options -Be
careful of condition
Additional authorizations Page 6

9. Seller is Not Delinquent on financial obligations
NOT GETTING FORECLOSED!
Liens and/or
encumbrances
Is employer, relocation co, etc. involved in
sale?
Additional Promises – READ
THROUGH
Page 7

10. LIMITATION OF LIABILITY
If home is Vacant, SELLER responsible for insurance
And security
Broker not responsible for other brokers actions,
Other brokers advertising their home online
Acts of 3rd parties , freezing water pipes,
Property’s
Non-compliance with law or ordinances,
Seller negligence.
Seller to hold broker harmless from any damage,
Costs, attorney fees or expenses caused by seller
Negligence, seller non-disclosure or seller giving
Inaccurate information
16. If seller breaches this listing, liable for
commission
And other compensation
17. Mediation
18. Attorney Fees
19. Addenda
Page 8

11. Addenda list continued
BOLD PRINT –Read Carefully
Additional Notices to Seller
Fair Housing. Advise seller to
get payoff and review MLS info
Legal Agreement of Parties – Please
READ
Page 9

12. MORE BOLD PRINT! Additional Notices
Lock up valuable, drugs and firearms.
Consult attorney before planting surveillance
Devices.
Comply with all statutes and ordinances
(pools, fences, etc.).
Comply with Lead Based Paint Rules
ALL SELLERS AND AGENT SIGN
AND DATE!!
Is seller a “foreign person?” If so, may be
required
By IRS to hold back certain amount of proceeds!!
Watch out for wire fraud and cyber
crime!!
We cannot give legal advice. Consult an
attorney
If needed.
Page 10