Common use of Types of Listings Clause in Contracts

Types of Listings. In accordance with the requirements of New York State, the undersigned Owner(s) does (do) hereby acknowledge acceptance of the following two definitions: a. EXPLANATION OF EXCLUSIVE RIGHT TO SELL (As quoted verbatim from the New York Department of State): An ''exclusive right to sell'' listing means that if you, the owner of the property, find a buyer for your house, or if another broker finds a buyer, you must pay the agreed commission to the present broker. b. EXPLANATION OF EXCLUSIVE AGENCY (As quoted verbatim from the New York Department of State): An ''exclusive agency'' listing means that if you, the owner of the property, finds a buyer, you will not have to pay a commission to the broker. However, if another broker finds a buyer, you will owe a commission to both the selling broker and your present broker. We are required to provide you with the above definitions by law. The definitions above only consider sales commissions and pre-date the practice of charging an up-front fee for listing/advertising real estate. Realmart Realty essentially offers a combination of the two listing types described above but will post your listing in the MLS as an Exclusive Right to Sell. This contract is subject to the Addendum titled TERMS AND EXPLANATIONS Electronic signatures are now legal in NYS. By typing or signing your name you are accepting this contract in its entirety. OWNERS SIGNATURE DATE OWNERS SIGNATURE DATE LISTING OFFICE Realmart Realty DATE LISTING AGENT _Jack Qizhan Yao DATE The bold headings used in this Agreement are for reference purposes only, and shall not be construed to affect the terms and conditions contained herein. * Fee: this is an upfront fee and is not a commission.

Types of Listings. In accordance with the requirements of New York State, the undersigned Owner(s) does (do) hereby acknowledge acceptance of the following two definitions: a. EXPLANATION OF EXCLUSIVE RIGHT TO SELL (As quoted verbatim from the New York Department of State): An ''exclusive right to sell'' listing means that if you, the owner of the property, find a buyer for your house, or if another broker finds a buyer, you must pay the agreed commission to the present broker. b. EXPLANATION OF EXCLUSIVE AGENCY (As quoted verbatim from the New York Department of State): An ''exclusive agency'' listing means that if you, the owner of the property, finds a buyer, you will not have to pay a commission to the broker. However, if another broker finds a buyer, you will owe a commission to both the selling broker and your present broker. We are required to provide you with the above definitions by law. The definitions above only consider sales commissions and pre-date the practice of charging an up-front fee for listing/advertising real estate. Realmart Realty essentially offers a combination of the two listing types described above but will post your listing in the MLS as an Exclusive Right to Sell. This contract is subject to the Addendum titled TERMS AND EXPLANATIONS Electronic signatures are now legal in NYS. By typing or signing your name you are accepting this contract in its entirety. OWNERS SIGNATURE DATE OWNERS SIGNATURE DATE LISTING OFFICE Realmart Realty DATE LISTING AGENT _Jack Qizhan Yao Xxxxxx Xxx DATE The bold headings used in this Agreement are for reference purposes only, and shall not be construed to affect the terms and conditions contained herein. * Fee: this is an upfront fee and is not a commission.

Types of Listings. In accordance with the requirements of New York State, the undersigned Owner(s) does (do) hereby acknowledge acceptance of the following two definitions: a. EXPLANATION OF EXCLUSIVE RIGHT TO SELL (As quoted verbatim from the New York Department of State): An ''exclusive right to sell'' listing means that if you, the owner of the property, find a buyer for your house, or if another broker finds a buyer, you must pay the agreed commission to the present broker. b. EXPLANATION OF EXCLUSIVE E XCLUSIVE AGENCY (As quoted verbatim from the New York Department of State): An ''exclusive agency'' listing means that if you, the owner of the property, finds a buyer, you will not have to pay a commission to the broker. However, if another broker finds a buyer, you will owe a commission to both the selling broker and your present broker. OWNER’S Initials: Date: Interpretive Statement: We are required to provide you with the above definitions by law. However, the state's definition of Exclusive Agency and Exclusive Right to Sell do not qualify as our type of listing. The definitions above only consider sales commissions and pre-date the practice of charging an up-front fee compensation for listing/advertising listing real estate. Realmart Realty The Department of State should update them to reflect modern practice but has not done so. Broker essentially offers a combination of the two listing types described above but will post your listing in the MLS as an Exclusive Right to SellSell when forced to select one of the two. This contract is subject As a dual agent, the firm and its agents cannot furnish undivided loyalty to either party. As a dual agent, the firm and its licensee agents have a duty not to disclose confidential information given by one principal to the Addendum titled TERMS AND EXPLANATIONS Electronic signatures are now legal in NYSother principal, such as the price one is willing to pay or accept. By typing or signing your name you are accepting this contract in Such information may already be known to the firm and its entiretyagents. OWNERS SIGNATURE DATE OWNERS SIGNATURE DATE LISTING OFFICE Realmart Realty DATE LISTING AGENT _Jack Qizhan Yao DATE The bold headings used in this Agreement are for reference purposes onlyIf the information is of such a nature that the agent cannot fairly give advice without disclosing it, and shall the agent cannot be construed properly continue to affect the terms and conditions contained herein. * Fee: this is act as an upfront fee and is not a commissionagent.