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Client Guide
Plain English explanations.
Key Points (Material Impacts)
This section highlights terms that have a direct financial or legal impact on you.
Financial Impact: Broker's Compensation
You are agreeing to pay a commission (e.g., 6%) if your home is sold by *anyone* during the listing period. This is legally binding, even if you find the buyer yourself.
Legal Impact: Protection Period
If you sell your home to a buyer who was "introduced" to the property during the listing, you may still owe the full commission for a set time (e.g., 90 days) *after* the agreement expires.
Bottom-Line Summary
This form is your official contract with the real estate brokerage to sell your house. It states the listing price, the broker's commission (e.g., 6%), and the dates the agreement is valid.
What does "Exclusive Right to Sell" mean?
It means that only this broker is authorized to sell your property. Even if you find a buyer on your own, you still owe the broker the commission.
Real-World Example
Scenario: You sign this form for 6 months. If your neighbor buys it in 2 months, you still owe the commission.