What is involved
with the signing of a listing agreement?
The listing agreement is a contract between you and
your Realtor's brokerage company. It will: |
|
| Provide a framework for subsequent
forms and negotiations |
| Clearly spell out the rights and obligations
of all parties, the length of the agreement, and the compensation |
| Set the listing price, and accurately
describe the property (including lot size, building size,
style and materials, floor areas, heating/cooling systems,
room sizes, and descriptions) |
| Detail what is, and what is not, included
in the sale (As a general rule, fixtures are included;
chattels, things which are movable, are not. If necessary,
list what stays and what goes under inclusions or exclusions.) |
| Provide information about annual property
taxes, and note any easements, rights of way, liens, or
charges against the property |
|
 |
The agreement binds both parties
to its terms and conditions. You and the listing Realtor
sign the listing agreement and each of you receives
a copy.
Your Royal LePage Realtor may also ask for: |
|
| Plan of survey
or location certificate – A survey of your
property showing the lot size, location of buildings,
and any encroachments from neighbouring properties. Some
jurisdictions need this to complete the sale of your home.
Your lawyer may recommend a survey, especially if significant
changes have been made to your property. |
| Property tax
receipts – Most listing agreements include
information about current annual property tax assessments. |
| Mortgage verification
– Details about your mortgage provided by a mortgage
lender upon your authorization. |
| Deed or title
search – A legal description of your property,
and proof that you own it. |
| Other documentation
– Annual heating bills, water and sewage costs,
electricity bills, and recent expenditures on home improvements.
Many provinces also require a signed property condition
disclosure statement. |
|
In
this section, discover the steps that will prepare you to look
for a home. I provide details on everything from questions to
ask Me, to getting your finances organized.
House
hunting begins at home... with planning. Before you grab
the road maps and hit the streets, you need to know how
expensive a house you can afford to buy.
Moving
is definitely not easy, but this section offers tips to
make the whole experience easier, less trying, and less
expensive. 
