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TX-AGENT-16 06
- 1. U N IT 6 : S E L L E R AG E N C Y R E P R E S E N TAT I O N TEXAS LAW OF AGENCY
- 2. UNIT 6: SELLERAGENCY REPRESENTATION Overview of Seller Agency • Benefits of Seller Agency Relationships • Seller’s Benefits • Representation • Marketing & Exposure • Negotiation Skills • Broker’s Benefits • Greater Control of the Transaction • In-House Transactions • Leverage on Listing Presentations • Exclusive Seller Brokerage Firms
- 3. UNIT 6: SELLERAGENCY REPRESENTATION Creating Seller Agency – Listing Agreements • Subagency • Multiple Listing Services • Acceptance of Subagency • Subagent or Buyer’s Agent? • Liability for the Listing Agent • Types of Listing Agreements • Exclusive Right to Sell Listing • Exclusive Agency Listing • Open Listing • Net Listing
- 4. UNIT 6: SELLERAGENCY REPRESENTATION Typical Clauses in a Listing Agreement • Listing Clauses 1. Parties 2. Property 3. Listing Price 4. Term 5. Broker’s Compensation 6. Listing Services 7. Access to the Property 8. Cooperation with Other Brokers 9. Intermediary 10. Confidential Information 11. Broker’s Authority
- 5. UNIT 6: SELLERAGENCY REPRESENTATION Typical Clauses in a Listing Agreement • Listing Clauses 12. Seller’s Representations 13. Seller’s Additional Promises 14. Limitation of Liability 15. Special Provisions 16. Default 17. Mediation 18. Attorney’s Fees 19. Addenda and Other Documents 20. Agreement of Parties 21. Additional Notices
- 6. UNIT 6: SELLERAGENCY REPRESENTATION Disclosure Issues • Disclosure of Property Condition • Completion of the Seller’s Disclosure Notice • When the Seller’s Disclosure Notice is not Required • Lead-Based Paint Hazards • Seller/Landlord Obligations • Additional Seller’s Disclosure Notices • Mandatory Membership in Property Owners’ Association • Environmental Matters • Statutory Tax Districts • Tide Waters • Public Improvement Districts • Propane Gas System Service Area