Listing Agreement

This Agreement is made between the Seller/s below

Seller/s Details

Please enter the Property Address Details that the Seller/s will be selling.

Term:

This Listing Agreement with redKorr Realty, LLC, is for a period of 75 days and will automatically renew for 30 more days unless the seller submits an email to terminate prior to the 30 day renewal to [email protected] for a termination of the renewal. In addition this listing agreement becomes active and officially a contractual agreement on the date the seller enters in the Listing Date.

Broker Obligations: Broker must comply with their duties as required by law. In addition do the following...

• Broker will list property on Local MLS and any additional MLS that the broker is a member of to help with the sale of the property.

• Order professional digital photography.

• Create online and offline marketing.

• Syndicate property to 1000s of Buyer Websites.

• Seller authorizes broker to display this listing on the internet without limitation including the address of the property and pictures.

• Place an attractive sign on the property.

• Place a lockbox on the property.

• Collect no upfront fees.

• Answer all calls and return all calls within reasonable times and availability.

• Present all offers regardless of the offer.

• Always have the seller's best interest.

Clients Obligation: Client must work exclusively through Broker.

Listing MLS Services

• Seller instructs Broker to file this Listing with one or more Multiple Listing Services (MLS)

• Broker will file this Listing with one or more Multiple Listing Services (MLS) by the earlier of the time required by MLS rules or 5 days after the date this Listing begins. Seller authorizes Broker to submit information about this Listing and the sale of the Property to the MLS

• Notice Regarding MLS Rules: MLS rules require Broker to accurately and timely submit all information the MLS requires including final closing of sales and sales prices. MLS rules may require that the information be submitted to the MLS throughout the time the Listing is in effect. Subscribers to the MLS and appraisal districts may use the information for market evaluation or appraisal purposes. Subscribers are other brokers, agents, and real estate professionals such as appraisers. Any information filed with the MLS becomes the property of the MLS for all purposes. Submission of information to MLS ensures that persons who use and benefit from the MLS also contribute information

• Listing Content: If Broker files this Listing on the MLS, the parties agree to the following: Definitions and Content:

  • “Listing Content” means all photographs, images, graphics, video recordings, virtual tours, drawings, written descriptions, remarks, narratives, pricing information, and other copyrightable elements relating to the Property.

  • “Seller Listing Content” means Listing Content provided by Seller to Broker or Broker's associates.

  • “Broker Listing Content” means Listing Content that is otherwise obtained or produced by Broker or Broker's associates in connection with this Listing.

  • Seller grants Broker a non-exclusive, irrevocable, worldwide, royalty-free license to use, sublicense through multiple tiers, publish, display, and reproduce the Seller Listing Content, to prepare derivative works of the Seller Listing Content, and to distribute the Seller Listing Content, including any derivative works of the Seller Listing Content. This Paragraph survives termination of this Listing.

  • All Broker Listing Content is owned exclusively by Broker, and Seller has no right, title or interest in or to any Broker Listing Content.

  • Seller understands and agrees that both the Seller Listing Content and Broker Listing Content, including any changes to such content, may be filed with the MLS, included in compilations of listings, and otherwise distributed, publicly displayed and reproduced.

Intermediary: Broker may show the Property to interested prospective buyers who Broker represents. If a prospective buyer who Broker represents offers to buy the Property, Seller authorizes Broker to act as an intermediary and Broker will notify Seller that Broker will service the parties in accordance with intermediary by appointment. If intermediary occurs an amendment to the listing agreement will be made.

Seller's Representation:

• Seller has fee simple title to and peaceable possession of the Property and all its improvements and fixtures, unless rented, and the legal capacity to convey the Property;

• Seller is not bound by a listing agreement with another broker for the sale, exchange, or lease of the Property that is or will be in effect during this Listing;

• any pool or spa and any required enclosures, fences, gates, and latches comply with all applicable laws and ordinances;

• no person or entity has any right to purchase, lease, or acquire the Property by an option, right of refusal, or other agreement;

• Seller is current and not delinquent on all loans and all other financial obligations related to the Property, including but not limited to mortgages, home equity loans, home improvement loans, homeowner association fees, and taxes,

• Seller is not aware of any liens or other encumbrances against the Property,

• the Property is not subject to the jurisdiction of any court

• all information relating to the Property Seller provides to Broker is true and correct to the best of Seller's knowledge;

• the Seller Listing Content, and the license granted to Broker for the Seller Listing Content, do not violate or infringe upon the rights, including any copyright rights, of any person or entity; and

• Seller is aware of the Property being located in the following public improvement district (PID), municipal utility district (MUD), or other statutorily created districts providing water, sewer, drainage, or flood control facilities and services (list all that Seller is aware of):

Seller's Additional Promises: Seller Agrees to:

• Cooperate with Broker to facilitate the showing, marketing, and sale of the Property;

• Not rent or lease the Property during this Listing without Broker's prior written approval;

• Not negotiate with any prospective buyer who may contact Seller directly, but refer all prospective buyers to Broker;

• Not enter into a listing agreement with another broker for the sale, exchange, lease, or management of the Property to become effective during this Listing without Broker's prior written approval;

• Promptly inform Broker in the event Seller becomes aware that the Property has been publicly marketed;

• Maintain any pool and all required enclosures in compliance with all applicable laws and ordinances;

• Provide Broker with copies of any leases or rental agreements pertaining to the Property and advise Broker of tenants moving in or out of the Property;

• Complete any disclosures or notices required by law or a contract to sell the Property;

• Amend any applicable notices and disclosures if any material change occurs during this Listing.

Default: If Seller does not cooperate with Broker to facilitate the showing, marketing, or sale of the Property or otherwise breaches this Listing, Seller is in default and may be held liable to Broker for the amount of the Broker's compensation based on the list price and exercise any remedy at law. If Broker breaches this Listing, Broker is in default and Seller may exercise any remedy at law.

Addenda and other documents: : Addenda that are part of this Listing and other documents that Seller may need to provide are:

• Information About Brokerage Services;

• Seller Disclosure Notice (§5.008, Texas Property Code);

• Addendum for Seller's Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards (required if Property was built before 1978);

• Residential Real Property Affidavit (T-47 Affidavit; related to existing survey);

• MUD, Water District, or Statutory Tax District Disclosure Notice (Chapter 49, Texas Water Code);

• PID Disclosure Notice;

• Request for Information from an Owners' Association;

• Request for Mortgage Information;

• Information about Mineral Clauses in Contract Forms;

• Information about On-Site Sewer Facility;

• Information about Property Insurance for a Buyer or Seller;

• Information about Special Flood Hazard Areas;

• Condominium Addendum to Listing;

• Keybox Authorization by Tenant;

• Seller's Authorization to Disclose and Advertise Certain Information; and other addendums that may be required.

ADDITIONAL NOTICES:

• In accordance with fair housing laws and the National Association of REALTORS® Code of Ethics, Broker's services must be provided and the Property must be shown and made available to all persons without regard to race, color, religion, national origin, sex, disability, familial status, sexual orientation, or gender identity. Local ordinances may provide for additional protected classes (for example, creed, status as a student, marital status, or age).

• Broker advises Seller to contact any mortgage lender or other lien holder to obtain information regarding payoff amounts for any existing mortgages or liens on the Property.

• Broker advises Seller to review the information Broker submits to an MLS or other listing service.

• Broker advises Seller to remove or secure jewelry, prescription drugs, other valuables, firearms and any other weapons.

• Broker advises Seller to consult an attorney before using any type of surveillance device in the Property to record or otherwise monitor prospective buyers without their knowledge or consent. Seller should be aware that a prospective buyer might photograph or otherwise record the Property without Seller's knowledge or consent.

• Statutes or ordinances may regulate certain items on the Property (for example, swimming pools and septic systems). Non-compliance with the statutes or ordinances may delay a transaction and may result in fines, penalties, and liability to Seller.

• If the Property was built before 1978, Federal law requires the Seller to: (1) provide the buyer with the federally approved pamphlet on lead poisoning prevention; (2) disclose the presence of any known lead-based paint or lead-based paint hazards in the Property; (3) deliver all records and reports to the buyer related to such paint or hazards; and (4) provide the buyer a period up to 10 days to have the Property inspected for such paint or hazards.

• If Seller is a “foreign person” as defined by federal law, a buyer may be required to withhold certain amounts from the sales proceeds and deliver the same to the Internal Revenue Service to comply with applicable tax law. A “foreign person” is a: (1) nonresident alien individual; (2) foreign corporation that has not made an election under section 897(i) of the Internal Revenue Code to be treated as a domestic corporation; or (3) foreign partnership, trust, or estate. The definition does not include a resident alien individual. The Seller must notify the Broker that Seller is or is not a “foreign person” as defined by federal law. If Seller is unsure whether Seller qualifies as a “foreign person” under federal law, Broker advises Seller to consult a tax professional or an attorney.

• Broker advises Seller to refrain from transmitting personal information, such as bank account numbers or other financial information, via unsecured email or other electronic communication to reduce risk of wire fraud.

• Broker cannot give legal advice. READ THIS LISTING CAREFULLY. If you do not understand the effect of this Listing, consult an attorney BEFORE signing