Sample Agreement between Seller and Agent

When it comes to selling a property, it is important to have a clear and concise agreement in place between the seller and their chosen agent. This agreement outlines the terms and conditions of the arrangement and protects both parties from any misunderstandings or disputes that may arise during the process.

Here is a sample agreement between a seller and an agent to help guide you through the process:

1. Scope of Services

The agent is responsible for providing a range of services, including but not limited to:

• Conducting a market analysis to determine the fair market value of the property

• Developing a marketing plan to promote the property to potential buyers

• Listing the property on reputable real estate websites and the local Multiple Listing Service (MLS)

• Showing the property to interested buyers and negotiating offers on the seller`s behalf

• Providing regular updates to the seller regarding the status of the sale

2. Compensation

The seller agrees to pay the agent a commission of ____% of the final sale price of the property. This commission will be paid upon the successful completion of the sale and transfer of ownership.

3. Term of Agreement

This agreement will be in effect for a period of ___________ days/months from the date of signing. If the property does not sell during this time, the seller may choose to extend the agreement or terminate it.

4. Obligations of the Seller

The seller agrees to cooperate with the agent and provide all necessary information and documentation related to the property. This includes but is not limited to:

• Copies of the deed and title

• Disclosure documents

• Information about any liens or encumbrances on the property

• Access to the property for showings and inspections

The seller also agrees not to work with any other agents or brokers during the term of this agreement.

5. Termination of Agreement

Either party may terminate this agreement at any time with written notice. If the agent has already invested significant time and resources in marketing the property, the seller may be responsible for paying a fee to cover these expenses.

By signing this agreement, the seller and agent agree to work together to achieve a successful sale of the property. It is important for both parties to read and understand all the terms and conditions outlined in the agreement before signing. With a clear understanding of the expectations and responsibilities of each party, the process of selling a property can be a smooth and successful one.

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