ContractResidential Real Estate Listing Agreement • August 14th, 2024
Contract Type FiledAugust 14th, 2024TAR Form Number TAR Form Name Purpose TXR 1101 Residential Real Estate Listing Agreement Exclusive Rightto Sell Paragraph 5 is the Broker Compensation paragraph. Here the required disclosures have been added that compensation is negotiable per settlement requirements.The broker’s fee has been separated into two options:(1) Paragraph 5A: Seller pays listing broker an amount that includes compensation to a buyer’s broker (which means the listing agent pays the buyer broker from their fee)OR(2) Paragraph 5B: Seller will pay the listing broker only.Focus on Forms: 1101 5A and 11F on Vimeo | https://vimeo.com/982764652 Paragraph 11(F) has been added to allow the seller to authorize the listing broker to share that seller will consider contributing an amount towards buyer’s expenses. Checking “does” here does not obligate the seller to pay and that is still handled in contract negotiations. TXR 1102 Farm and Ranch Listing Agreement Exclusive Right to Sell Same changes as TXR 1101. TXR 1