11 Mar California Residential Listing Agreement 2017 Pdf
When it comes to buying or selling a home in California, the process can be overwhelming. One of the first things you will need to do is sign a residential listing agreement. This document outlines the terms of your agreement with your real estate agent and is a legally binding contract.
If you`re looking for a California residential listing agreement for 2017, you`re in luck – the California Association of Realtors (CAR) provides a downloadable PDF form on their website.
Before you sign the agreement, it`s important to understand what you`re agreeing to. Here are some key things to keep in mind:
1. Commission: The commission is the fee that your real estate agent will receive for helping you buy or sell your home. This fee is typically a percentage of the sale price of the home and is negotiated between you and your agent. The residential listing agreement will outline the commission you will pay, as well as any other fees you may be responsible for.
2. Duration of the Agreement: The residential listing agreement will also specify how long the agreement is in effect. This is important because it determines the length of time your agent is exclusively representing you. Make sure you are comfortable with the length of time specified in the agreement.
3. Disclosure: The California residential listing agreement requires your agent to disclose any known material facts about the property. This could include issues like a leaky roof, a cracked foundation, or a history of flooding. It`s important to be upfront and honest about any issues with the property to avoid any legal issues down the line.
4. Termination: In the event that you need to terminate the agreement, the residential listing agreement will provide instructions on how to do so. Make sure you understand the termination process before you sign the agreement.
Overall, the California residential listing agreement is an important document that should not be taken lightly. As a homeowner or prospective buyer, it`s important to understand the terms of the agreement before you sign on the dotted line. By doing so, you can ensure a smooth and successful transaction.