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Seller Brokerage Agreement: What is it and Why sign it?



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To many looking to Sell a Home, a Seller Brokerage Agreement (also referred to as an Exclusive Seller Listing Agreement) is not the first thing that comes to mind. There are usually endless To Do Lists, Home Staging, Home Repairs, Moving plans and many more things to worry about. As a property owner and home seller, it is important that you understand what the signing of this document means and how it can benefit you. In this post, I will explain to you what this document is and why it is important for you to sign the Seller Brokerage Agreement with your chosen REALTOR® or Real Estate Agent in Texas.

What is a Seller Brokerage Agreement (Exclusive Seller Listing Agreement)?

A Seller Brokerage Agreement is a legal document that formalizes your working relationship with a REALTOR® or Real Estate Agent. This document details what services you are entitled to as a Seller (Client) and what your Real Estate professional expects from you in return.

While the language used in the document is formal, home sellers should view it as an important and helpful tool for clarifying expectations, developing mutual loyalty, and most importantly, elevating the services you will receive. This document represents the official hiring of the Real Estate professional.

Do I need to sign a Seller Brokerage Agreement (Exclusive Seller Listing Agreement) if I am going to hire multiple Agents?

No. The Seller Brokerage Agreement is meant to serve as an exclusive way to mutually work together in the sale of your property. This exclusive legal document should only be agreed upon and signed with only one Real Estate professional. You signing this document with multiple Agents can cause future legal and financial disputes. Keep in mind this document entitles you to services you would not otherwise receive from your chosen Agent.

When do I sign the Seller Brokerage Agreement (Exclusive Seller Listing Agreement)?

The first thing I would recommend in choosing a Real Estate professional is to do your research. Narrow down your choices and interview them. Once you have chosen a REALTOR® or Real Estate Agent, they will more than likely bring this document up in your first appointment. Do not take this the wrong way. The intention here is to facilitate the sale of your property while helping you achieve your Real Estate Financial goals. Signing this document without delay only tells the Real Estate professional that you are serious about the sale of the property, and you want to hire them to represent you.

How do I sign a Seller Brokerage Agreement (Exclusive Seller Listing Agreement)?

When you meet with your REALTOR® or Real Estate Agent, they will go over the document in full. There is a good chance that the Real Estate professional that you will be working with will have you sign the document electronically via DocuSign. With today’s technology, signing documents this way is more common practice. Electronic signing of documents are easier, faster and secure while providing you with a better legible copy for your records. However, there are some REALTORS® or Real Estate Agents that still use paper contracts. If the chosen Agent does this, then you would be signing a paper document.

Where can I see a sample/draft copy of a Seller Brokerage Agreement (Exclusive Seller Listing Agreement)?

A sample/draft copy of the Seller Brokerage Agreement can be provided for your review by your local REALTOR®. Keep in mind this document can be updated and changed usually yearly, by each individual State Association of REALTORS®. In Texas, promulgated forms from Texas Real Estate Commission (TREC) or Texas Association of Realtors (TAR) are used by most of the residential brokerages. If you are looking for a sample of the document, please ask your REALTOR®.

How to get your Frisco home SOLD fast with no stress for the most amount based on market?

It takes more than just these four suggestions but if you do the first one (choosing the right Realtor), you'll be in great hands!

If you are thinking about selling your Frisco home and would like to find out the market value, you can use this link to get a FREE home evaluation. You can also call or text me at 469-269-6541 or visit www.NitinGuptaDFW.com

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The above information regarding the “What's My Frisco TX Home Worth? September 2017 Update" was provided by Nitin Gupta, REALTOR. Nitin has experience helping families buy and sell homes in the Dallas/Fort Worth area. If you’re thinking of selling or buying, he would love to share his knowledge and expertise. Learn more about Frisco real estate market and Denton County Real Estate news at

http://www.nitinguptadfw.com/blog

The communities he proudly serves include University Park, Frisco, Coppell, Frisco Flower Mound, Colleyville, Grapevine, Highland Park.


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