This Listing Agreement is by and between _____________________________________________ (Seller) and Randy Bess Real Estate (Broker and/or Randy Bess Real Estate) and provides that, in consideration for the covenants contained herein, Seller hereby appoints Broker as Sellers exclusive Broker limited to listing the Property more fully described below.
1. Property: Seller hereby appoints Randy Bess Real Estate as Sellers exclusive Broker limited to list the Property described below, at the price described below, beginning the _____ day of _______________, 200__ and terminating at 11:59 P.M. the ______ day of ____________________, _____ (Termination Date). Upon full execution of contract for sale and purchase of the property, all rights and obligations of this Contract will automatically extend through the date of the actual closing of a contract for sale and purchase. SELLER certifies and represents that Seller is the legal title holder and entitled to convey the Property and all improvements.
PROPERTY
ADDRESS:________________________________________________________________________________________
FINANCING TERMS: NEW MORTGAGE_____ SELLER
FINANCING
OFFERED____ FHA______VA_______OTHER FINANCING______
LEGAL DESCRIPTION OF PROPERTY:
All that tract or parcel of land lying and being in LAND LOT
________,
of the ____________ DISTRICT, SECTION __________, of
___________________
COUNTY, GEORGIA and being known as LOT ____________, BLOCK
__________________,
UNIT ___________ of the _________________________ SUBDIVISION,
according
to plat recorded in PLAT BOOK ________________, PAGE __________, of the
________________________
COUNTY RECORDS, and being improved property known as, Street
Address_______________________
______________________________ City__________________________ GEORGIA,
________________ (Zip Code)The full legal description of said
property
is the same as is recorded with the Clerk of the County in which the
property
is locate and is made a part of this agreement by reference.
Seller warrants the property is connected by public sewer:
Yes_____________
No______________(Seller’s Initials) (Seller’s Initials)
2. PERSONAL PROPERTY: Seller agrees to offer for
sale
through the services provided by Randy Bess Real Estate the property,
fixtures
and all improvements thereon. All personal property to be conveyed at
the
time of sale shall be listed by Seller in the Real Estate Sales
Agreement
entered into between Seller and Buyer and shall be transferred free of
any
liens.
3. LISTING PRICE: The Property and all improvements are offered for sale at a selling price of $ ___________________. Seller is solely responsible for determining the appropriate listing price.
4. SELLERS OBLIGATIONS & BROKER COMPENSATION: The Property and all improvements thereon are offered for sale at the listing price. Seller reserves the right to amend the listing price. Any changes to the listing price will not be effective until submitted to Broker in writing, signed by Seller, and submitted to the MLS by Broker. Randy Bess Real Estate shall make any modifications and changes in the MLS pursuant to the MLS rules. Seller agrees to make the Property available to MLS Members at all reasonable hours for showing to prospective Buyer’s during the term of this Agreement.
4A. Seller authorizes Broker to make an offer of cooperation to all participating brokers in the MLS. Seller authorizes Broker to make an offer of compensation equal to the cooperating commission to all participating Brokers in the MLS who are acting solely as a Buyer’s Broker or Transaction Broker (“Cooperating Broker”). Any changes to the cooperating commission will not be effective until submitted to Broker in writing, signed by Seller, and submitted to the MLS by Broker.
4B. Other than the non-refundable $349.00 fee Seller agrees to pay Randy Bess Real Estate, Seller is only required to pay a commission of _______(%) percent [(3%) if left blank] to a licensed Buyer’s Broker or Transaction Broker. Seller must pay the cooperating commission if, during the term of this agreement or the protection period, within 60 days after this listing expires, Seller transfers the Property to a buyer shown the Property by a cooperating broker. The term “buyer” is broadly construed to include any individual or entity to any capacity and any type (or portion) of transfer of a legal or equitable interest in the subject Property. Upon the sale of the Property the cooperating commission will be paid to cooperating broker.
4C. Seller must pay the cooperating commission if, within 60 days after this listing expires, Seller 1) enters into a contract to transfer the Property, or 2) transfers a legal or equitable interest (excluding a lease with no right to purchase) in the Property, to any buyer shown the Property by a cooperating broker during the term of the listing. If such contract or transfer occurs while the Property is listed exclusively with another licensed real estate broker, the provision of this sub-paragraph will not apply. Should Seller default in the performance of a sales contract signed by Seller and a prospective buyer, Seller must pay the cooperating commission as if the sale of the Property had been consummated, and any expenses, including reasonable attorneys fees, incurred in connection with such default, the sale of this Agreement, Seller must pay any expenses, including reasonable attorneys fees, incurred in connection with such default or the enforcement of this Agreement. Broker will retain the listing fee in all circumstances, including, without limitation, when a buyer is found for the Property or in the event Seller is unable to sell the Property.
Under this Agreement, the Seller can sell his/her Property himself/herself to any buyer not procured or represented by a participating Realtor, in which case no selling agent commission is due.
Notice: The amount or rate of the real estate commission is not fixed by law. They are set by each Broker/Realtor individually and may be negotiable between the Seller and Broker/Realtor.
5. SELLER'S REQUIREMENTS: Seller shall provide Randy Bess Real Estate with all the Property information requested and represents that said information is true and accurate to the best of Sellers knowledge. Seller is responsible for any and all inaccuracies contained in the information provided to Randy Bess Real Estate and agrees to be responsible for any fines assessed by the MLS for any MLS infractions caused by Seller as stated below. Seller understands that Randy Bess Real Estate does not conduct any investigation of the Property to verify the information provided by Seller and is not responsible for the accuracy of the information. Randy Bess Real Estate shall input the Property information with the local MLS in accordance with local MLS rules and regulations. Randy Bess Real Estate shall complete a verification form setting forth all of the information provided by Seller and as input on the MLS. Seller agrees to review, verify and sign the form.
5A. Seller agrees to notify Broker,
within
48 hours, in the event of any of the following:
· Seller enters into a contract to sell the
property
· Seller wishes to change the listing price or
cooperating
commission.
· Seller decides not to sell property
· Closing date or settlement
5B. Seller, upon entering into a contract of sale with a buyer, agrees to notify Broker, within 48 hours, of the fact that Property is under contract, and will advise Broker of the name and phone number of the settlement agent or attorney and provide a complete fully executed copy of the purchase/sale agreement and all addendum thereto. The failure to do so will result in a $100.00 fine to Randy Bess Real Estate, which will be charged to the Seller collectable at closing and/or through judicial action at the option of Randy Bess Real Estate.
· Upon the sale of the Property, Seller
agrees to
deliver to Broker, the following documents or information:
· Copy of HUD-1 settlement statement or closing
statement
· Copy of Sales Contract including all addenda
and
amendments, if any, and written verification by the escrow agent that
all
require deposit(s) have been paid.
· Sellers new address
Seller may not terminate this Agreement while
the
Property is under contract. If this agreement expires while the
property
is under contract Seller must comply with the above.
5C. Seller may not: Advertise the Property at a price that is lower than the Listing Price; or use the Randy Bess Real Estate name or logo in any advertisement placed independently by Seller.
6. Service Fee: Seller agrees to pay at the time of entering into this Agreement and in the manner provided herein a non-refundable service fee of $349.00 for the initial term of this Agreement. Should a participating Realtor, including Randy Bess Real Estate, procure a buyer who is ready, able and willing to purchase the described Property for the price identified in paragraph #3 of this agreement the a sale and transfer to such a buyer must occur. The service fee charged is for placing the initial information into the MLS. There are no other fees charged for subsequent changes made to the information provided to the MLS or cancellation of the listing.
7. Broker's Services: The Broker's services are strictly limited to the following:
· List the Property on the Multiple Listing Service (MLS), for the terms of this Agreement, up to a maximum of 12 months.
8. RANDY BESS REAL ESTATE SHALL NOT BE AN ESCROWEE: Other than the service fee paid by Seller for the Randy Bess Real Estate services, Seller shall not tender to Randy Bess Real Estate or any Broker/Agent employed by Randy Bess Real Estate, at any time, any money for deposit or to hold on Sellers or Buyer’s behalf. The Randy Bess Real Estate Broker/Agent employees are expressly prohibited from accepting any money from Seller. Seller shall not execute a sales contract that stipulates or requires Randy Bess Real Estate to hold earnest money or a possession escrow.
9. SELLER'S MANDATORY DISCLOSURES: Seller understands that Seller has a duty under Georgia law to disclose to a potential buyer facts known to the Seller which materially and adversely affect the value of the Property, including violations of governmental laws, rules and regulations, and which are not readily observable by a buyer. Seller understands that Georgia law requires Broker to disclose to any buyer all facts, which materially affect the value of the Property actually known by Broker, which are not readily observable by any buyer. Seller understands that a licensed real estate broker or salesperson (”licensee”) working with a buyer may represent that buyer, and may be required to disclose to the buyer any information given to him by Seller. Randy Bess Real Estate shall not be responsible for making any disclosure to Buyer. Sellers expressly releases Randy Bess Real Estate from any responsibility or liability regarding disclosure requirements whether required by statute or otherwise. Randy Bess Real Estate recommends that Seller consult with legal counsel concerning Sellers disclosure requirements or the completion of any disclosure form. Seller agrees to indemnify and hold Randy Bess Real Estate harmless for any violation of any ordinance, regulation, statute of law regarding Sellers disclosure obligations.
10. REPRESENTATIONS: Seller represents, warrants and agrees as follows: Seller understands that he must comply with all federal, state and local laws concerning fair housing. Seller acknowledges that federal, state, and local laws prohibit discrimination in the sale of property based on race, color, religion, sex, disability, familial status, or national origin. Seller cannot instruct Broker or any person acting as Sellers agent to convey on behalf of Seller any limitations in the sale of the Property based upon any of the foregoing as Randy Bess Real Estate is also bound by the law not to discriminate.
· All persons and/or entities authorized to sell the Property have signed this Agreement, and the undersigned signature(s) include all person(s) and/or entities, or their duly authorized representatives, who have an ownership interest in the Property. If the individual signing this Agreement is acting in a representative capacity, such individual certifies that he is legally authorized to enter into this Agreement.
· Seller has given Broker the information regarding the Property to appear on the MLS. Seller understands that the Property information will be included in the MLS. Such information is accurate and complete and does not omit or fail to disclose any material defects regarding the Property known to Seller.
· Seller shall indemnify, defend and hold broker harmless from and against any and all claims, demands, suits, damages, liability, losses or expenses (including reasonable attorneys fees) arising out of any misrepresentation, nondisclosure, concealment nonperformance of any purchase/sale agreement, or payment of any commissions by Seller in connection with the sale of the Property, including without limitation, the inaccuracy or incompleteness of any information provided by Seller for listing on the MLS. Seller is solely responsible for any complaints made by a buyer or prospective buyer before or after possession of the Property with respect to any defects in the Property.
11. LOCK BOX (PURCHASE): At Sellers option, Seller may purchase a combination lock box system. Seller shall hold Randy Bess Real Estate harmless from any and all liability, claim, judgment, obligations or demands, including reasonable attorneys fees, arising as a result of the lock box. Seller should remove or safeguard personal valuables while the lock box is being used. If the Property is currently being leased, Seller must comply with local laws regarding access to the premises and, in most states, advise tenants of the foregoing and obtain tenants authorization consenting to the use of a lock box, for access to the Property.
12. OWNERS OF MULTIPLE PROPERTIES: a single owner selling multiple Properties in the same sub-division, complex or building, must list each Property individually with Randy Bess Real Estate. Multiple Property listings will be offered at a discounted flat fee rate.
13. ENTIRE AGREEMENT: This Agreement contains all covenants between the parties and may only be modified by writing signed by all parties hereto. There are no oral representations made that are not contained herein and no oral modifications of this Agreement are allowed.
14. ASSIGNMENT: This Agreement may not be assigned by the Seller without the express written consent of Randy Bess Real Estate.
15. BINDING: This Agreement shall be binding upon the parties hereto and respective heirs, personal representatives, successors and assigns.
16. PRIOR AGREEMENTS: This Agreement supersedes all other Agreements entered into between the parties and in the event there is a conflict between this Agreement and any other Agreement between the parties hereto the terms and provisions of this Agreement shall control and be binding upon the parties.
17. NO GUARANTEE OF SALE OF PROPERTY: Seller understands that this Agreement does not guarantee the sale of the Property.
18. LIMITATION OF BROKER'S LIABILITY: Seller agrees that the limit of Randy Bess Real Estate's liability under this Agreement and/or related to Randy Bess Real Estate's performance of the services mentioned herein is strictly limited to the service fee paid to Randy Bess Real Estate by Seller and no more.
19. TERMINATION OF AGREEMENT: There is no termination fee in the event the seller decides to withdraw their Property from the market by giving written notice to Randy Bess Real Estate at any time there is not then a contract pending on the Property involving a buyer who was procured by a participating licensed real estate agent. A refund will only be provided if the listing is cancelled before the property listing is entered into the Multiple Listing Service (MLS) or in the event that Randy Bess Real Estate does not accept this agreement. You will be provided a copy of the MLS Listing. Randy Bess Real Estate does not guarantee the sale of your property. Once your property is listed on the MLS, the listing fee has been earned by Randy Bess Real Estate and there will be no refund available.
20. ATTORNEYS FEES & COSTS: If a dispute arises by and between the parties or involving the subject matter of this Agreement and litigation is commenced to enforce the provisions herein or interpret the provisions herein, the prevailing party shall be due its reasonable attorneys fees and litigation costs, including appellate attorneys fees & costs by the non prevailing party.
21. SELLERS ACKNOWLEDGMENT OF RANDY BESS REAL ESTATE'S LIMITED DUTIES: This Agreement creates an Exclusive Agreement to market Sellers Property and limits the performance requirements of Randy Bess Real Estate as set forth herein. Randy Bess Real Estate has no obligation to prepare or negotiate, on Sellers behalf, a real estate contract for the sale of the Property. Seller acknowledges that selling the property may be complicated and may require professional legal assistance. Seller agrees to obtain assistance, as Seller deems necessary. No other agreement, expressed or implied, shall be held to impose any greater relationship than that set forth herein. Seller waives any claim or cause of action it may have against Randy Bess Real Estate, its owners, agents and employees arising as a result of any act or omission of Randy Bess Real Estate. Seller accepts the responsibility to comply with all ordinances, regulations and statutes pertaining to Sellers offer for sale and sale of the Property. Seller does not waive any rights guaranteed by the regulations and statutes of the State in which cannot be voluntarily waived.
Randy Bess Real Estate is not charged with any responsibility or custody of the Property, its management, maintenance, upkeep or repair. If permitted or unless otherwise directed by Seller, Randy Bess Real Estate may provide Sellers address and telephone number in the MLS and all affiliated web sites. Local laws govern the use of lawn signs. Broker makes no representation that the signs it provides comply with local law. Seller should be aware of local regulations or should consult with local authorities prior to placing the sign.
YOU MUST AGREE TO THE FOLLOWING TERMS AND CONDITIONS IN ORDER TO
PURCHASE
THIS FLAT FEE LISTING PRODUCT
Broker is a licensed real estate brokerage in the state of
Georgia.
It is a flat-fee limited service company. It does not provide the same
services
as a "traditional" brokerage. Correspondingly, you are paying a reduced
flat
fee rather than the more common percentage fee typically charged by
full-service
brokerages.
Using the services of Broker does not create any agency or
other
relationship between you and Broker. Broker does not owe you any
fiduciary
or other duty. Broker does not actually represent you.
The Official Code of Georgia, Section 10-6A-3 (11) defines "Ministerial
Acts"
as those acts which a broker or affiliated licensee performs for a
person
which do not require discretion or the exercise of the broker of
affiliated
licensee's own judgment.
Broker will provide such Ministerial Acts as stated in the service list
of
the particular product you purchase. Such acts may include one or more
of
the following: submitting the information you provide to the multiple
listing
service directory; providing you with pre-printed forms; providing you
with
names of local lender, inspectors, attorneys, insurance agents,
surveyors,
schools, shopping facilities, places of worship, and such other like or
similar
services. None of the Ministerial Acts performed by Broker shall be
constructed
in such a manner as to form a brokerage. engagement with you.
Broker does not provide assistance in any manner that would require it
or
its principles to exercise discretion or judgment. Examples of services
that
are not provided include: suggesting a sales price; negotiating with
property.
There have been isolated instances of reported burglaries of homes on
which
lockboxes have been placed and for which the lockbox has been alleged
to
have been used to access the home. In order to minimize the risk of
misuse
of the lockbox Broker recommends against the use of lockboxes on door
handles
that can be unscrewed from the outside or on other parts of the home
from
which the lockbox can be easily removed. Since others will have access
to
your property you should remove all valuables or put them in a secure
place.
Broker works to maintain its web site and services, but is not
responsible
for defects that may exist within its web site or any resulting loss of
profits
or other damages. Broker attempts to accurately enter the information
you
provide into the multiple listing service. However, Broker does not
guarantee
error-free service. If you discover any error you must promptly notify
Broker
so the error can be remedied. Broker is not responsible for any loss or
damage
suffered by the error.
Broker shall under no circumstances have any liability greater than the
amount
it received from you for its services. You agree to hold Broker
harmless
from any and all claims, causes of action, or damages arising out of or
relating
to your providing incomplete and/or inaccurate information to Broker
Broker is a licensed Georgia real estate brokerage and its services are
intended
for use only by persons owning property located in Georgia.
BY SIGNING THE FLAT FEE LISTING CONTRACT YOU HAVE AGREED TO THE TERMS
AND
CONDITIONS STATED ABOVE. IF YOU HAVE NOT READ THESE TERMS AND
CONDITIONS
OR DO NOT AGREE WITH THEM, THEN YOU SHOULD NOT ORDER THIS FLAT FEE
LISTING
SERVICE.
BY SIGNING THIS AGREEMENT, SELLER ACKNOWLEDGES THAT (1) SELLER HAS READ
ALL
PROVISIONS AND DISCLOSURES MADE HEREIN BEFORE SIGINING AND (2) SELLER
UNDERSTANDS
ALL SUCH PROVISIONS AND DISCLOSURES AND HAS ENTERED INTO THIS AGREEMENT
VOLUNTARILY.
PLEASE SIGN BELOW TO ACKNOWLEDGE THE LISTING AGREEMENT AND ABOVE
LIMITED
SERVICE NOTICE.
AGREED UNDERSTOOD AND ACCEPTED AS TO ALL TERMS OF
THIS
FIVE PAGE CONTRACT.
_________________________
___________________________
Signature
Signature
_________________________
___________________________
Date
Date
BROKER SIGNATURE___________________________LISTING ACCEPTED ON:_____________________
Fax to 1-877-471-8143