MLS Residential/Multifamily

EXCLUSIVE AGENCY LISTING AGREEMENT

FEES & COMMISSION: The Owner(s) has paid a listing fee to Flat Fee Realty LLC (Agency) or referral partner, to place the Listed Property (as described below) on the Realtor's Multiple Listing Service (MLS). No other fee or commission is due to Flat Fee Realty LLC for the sale of the Listed Property. If any licensed broker (excluding the listing broker) finds a buyer that is ready, willing, and able to buy the Listed Property, at terms agreeable by Owner, the Owner agrees to pay the Commission (listed below) on the gross sales price (due at successful closing) to the buyer’s broker. It is the sole responsibility of the Owner to pay the buyers broker Commission as agreed to in this agreement or any future amendments requested by the Owner. Agency authorizes Owners attorney to pay buyers broker commission directly to the buyer’s broker firm at the closing. Owner is not obligated to pay any commission if sold direct to a buyer not represented under contract by a broker.

NOTICE: THE AMOUNT OR RATE OF REAL ESTATE BROKER COMPENSATION IS NOT FIXED BY LAW. IT IS SET BY EACH BROKER INDIVIDUALLY AND MAY BE NEGOTIABLE BETWEEN YOU AND THE BROKER.

ENTRY ONLY LISTING WAIVER: Owner agrees to waive the following services which are typically provided by a broker; (a) Scheduling property showings on behalf of Owner, (b) Receiving offers and counter offers and forwarding them promptly to the Owner, (c) Answering any questions that the Owner may have in negotiation of a successful purchase agreement within the scope of the licensee’s expertise, (d) Advising the Owner as to whatever forms, procedures and steps are needed after execution of the purchase agreement for a successful closing of the transaction.

LISTING DATA & THIRD PARTY WEBSITES: The Multiple Listing Service (further referred to as MLS) is an online database of property listings only available to licensed real estate persons. Flat Fee Realty will create and maintain your property listing on the MLS (the source of the listing data) based on information you submit, however certain data from public records that is automatically populated when creating a listing will take priority over any seller submitted data. The MLS makes property listing data available to third party syndication services (ex. Realtor.com, Zillow, and Trulia) for the purpose of marketing homes online to the general public. Neither the MLS nor Flat Fee Realty can guarantee the performance or accuracy of any third party website. Because third party websites operate independently and may change, be added, or be removed from time to time, Flat Fee Realty can not guarantee any property will be listed on any third party website.

PHOTOS & REVIEW: Owner will provide Agency at least 1 digital photo (exterior front view) within 4 days of start date, as required by the MLS. Owner will receive a digital copy of this agreement via email. Owner will receive an email with PDF file to review their listing for accuracy. There is no fee to make required changes to the listing (ex: price, status, or contact info changes).

LISTING STATUS CHANGES: All changes must be submitted through the support page (http://flatfeerealty.com/support/) on our website. The Owner is required to notify Agency within 24 hours if an offer was accepted, and within 24 hours after the sale has closed. If Owner fails to comply with this requirement and fines are imposed on Agency from the MLS due to fault of Owner, Owner agrees to reimburse Agency for those MLS related fines..

LISTING TERM: The listing term (as indicated below) will remain in full effect unless Owner requests agreement to be terminated prior to end date (or for any other reason as indicated in "Termination of Listing Agreement" section). Special Exception: If there is an executed purchase contract in place, this listing agreement can not be terminated. And if property is set to close after the listing expiration date, Owner agrees to purchase additional time by extending their listing with Agency to extend listing agreement through the closing date.

TERMINATION OF LISTING AGREEMENT: This agreement may be terminated by Owner without penalty at any time while there are no written purchase contracts in effect; however there is no refund for listing fees. Also, if Owner lists this property with another brokerage during the term of this listing, Agency reserves the right to immediately terminate this listing agreement and cancel the property listing on the MLS.

OWNER CONTACT INFORMATION: Owner’s primary contact phone number will be displayed on MLS for agents to view. Owner’s contact information will not be displayed on any public website, as this is not permitted by the MLS. All inquires the Agency receives on the Listed Property will be forwarded to the Owner during Agency's normal business hours.

INFORMATION YOU PROVIDE TO US: All known information about the Listed Property was provided to by Owner, therefore Owner removes Agency from any liability, and Owner will be held accountable for any legal remedies sought by anyone who suffers damages or losses during or after the sale of the Listed Property due to inaccurate data supplied by Owner. Agency is not an insurer against theft, loss or damage to the Listed Property, or from use of a lock box on the Listed Property. It is the Owner’s responsibility to have appropriate insurance.

CONNECTICUT STATE LAW REQUIRED STATEMENT: IT IS UNLAWFUL UNDER FEDERAL OR STATE LAW TO DISCRIMINATE ON THE BASIS OF RACE, CREED, COLOR, NATIONAL ORIGIN, ANCESTRY, SEX, SEXUAL ORIENTATION, MARITAL STATUS, AGE, LAWFUL SOURCE OF INCOME, MENTAL RETARDATION, MENTAL DISABILITY, PHYSICAL DISABILITY AND FAMILIAL STATUS.

CONNECTICUT PROPERTY DISCLOSURE & LEAD DISCLOSURE: Owner understands that they must give prospective buyers a fully completed Residential Property Condition Disclosure Report before they execute a written offer to buy the Listed Property. Otherwise, Owner must credit the buyers $500.00 at closing. (Conn. Public Act No. 95-311.). If Owner fails to disclose known material information about the Listed Property, including the presence of environmentally hazardous conditions, they may be violating Federal and/or State law. This can result in (i) rescission of any purchase Agreement between Owner and a prospective buyer, (ii) an award of damages against Owner, or any person responsible for disclosing the information, and/or (iii) statutory damages under federal laws on lead-based substances. More information about Federal Lead Laws can be obtained on the United States Environmental Protection Agency Website. Agency has provided Owner(s) with a complete Residential Disclosure Package available on the Agency's website.

ENFORCEMENT OF LISTING AGREEMENT: Agency will enforce this agreement against Owner, or against Owner’s heirs, administrators, executors and assigns. If legal recourse arises out of Owner non-performance under this agreement, Agency will be entitled to recover all fees including, but not limited to any costs and attorney’s fees which Agency may incur to collect any monies due under this agreement. The Agency may be entitled to certain lien rights pursuant to subsection (d) of section 20-325(a) of the Connecticut General Statutes. This agreement is subject to the Connecticut General Statutes prohibiting discrimination in commercial and residential real estate transactions (C.G.S. Title 46a, Chapter 814c).

LISTING AGENCY INFORMATION:
Flat Fee Realty LLC
129 Morningside Park, La Follette TN 37766
Phone: 860-622-8036
support@flatfeerealty.com

Listed Property Information