Before entering into a listing agreement, you should fully understand all the respective terms and roles of each party – information that your real estate® agent can provide. Once you have selected a REAL ESTATE® AGENT to market and sell your property, you and the agent enter into a written and legally binding contract called a listing agreement. The CALIFORNIA ASSOCIATION OF REALTORS offers® its own official agreement for California REALTORS®, the Residential Listing Agreement (RLA). This standard form defines all contractual conditions, including list price, offer period, brokerage commission, etc. It also informs the seller of any legal issues and requirements that may be included in the process. The Residential Listing Agreement – Agency (RLAA) is another C.A.R. form. standard that generally contains the same provisions as the RLA. The main difference between the two standard forms is that the RLA states that the seller`s real estate agent® receives a commission for the sale of the home, regardless of how the buyer is located, whether through the seller`s real estate® agent, another real estate agent®, on the seller`s own initiative or in any other way. On the other hand, the RLAA requires that the Seller`s REAL ESTATE® AGENT be paid only if the Buyer is purchased from the Seller`s REAL ESTATE® AGENT or another REAL ESTATE® AGENT. Download and install the only REALTOR-centric® emoji keyboard and add flair to your texts and photos.
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