Georgia Real Estate Agency Practical Applications

Front 1

Form used for Exclusive Seller Listing Agreement

Back 1

Georgia Realtors F-! form

Front 2

Any boxes that are not marked in the contract:

Back 2

ARE NOT considered part of the agrement

Front 3

blanks on the contract that do not apply you should always as good practice put:

Back 3

N/A

Front 4

At the top of the agreement is called the:

Back 4

Introduction

Front 5

The introduction includes:

Back 5

1. Georgia law: O.C.G.A 10-6A-1
State law prohibits Broker from representing Seller as a client without first entering into a written agreement with seller under O.C.G.A. 10-6 A-! et.seq
2. 1st blank names the Seller
2nd bllank names

Front 6

1.Exclusive listing Agreement

Back 6

the property is identified by a street address annd Tax ID/ Pin number
_ the beginning and ending dates of contracts are entered
NOTE: if you ahve to count the days of the listing to dtermine the last day, start counting with the day the listing begins

Front 7

2. Legal description

Back 7

A valid ad enforceable contract must contain legal description:
four choices to choose from:
A. legal description is attached as an exhibit (typically the safest option)
B. References to the deed book and page where the legal description can be found
C. References to the recorded plat ( Short form)
D. Provides a legal description for a condominium in Georgia

Front 8

3. Broker Duties to a seller

Back 8

A will make all disclosures required by law
B. to find a "ready, willing and able" Buyer but at an acceptable price. (fill in blank for listed price)
C. Comply with all laws including BRRETA
D. Select either one:
1. to assist with the purchase agreement
2. not to assist with the purchase agreement

Front 9

4. Seller's Duties

Back 9

Seller represents that:
A. They have title to the property
B. agree to cooperate and refer prospects to the Broker
C. agree to allow showings at reasonable times
D. agree to provide the Broker with accurate
information about the property including adverse
conditions.
E. Must comply with all state and all federal laws

Front 10

5. Fair Housing Disclosure

Back 10

Broker and Seller must comply with Fair Housing Laws and Seller agrees not to discriminate on the basis of any protected category. Although not included in the Federal Fair Housing Law, sexual orientation is included as it is a protected category under the REALTOR code of ethics

Front 11

6. Marketing

Back 11

A. three options provided for the seller to limit the Broker's marketing of the property:
* No information be displayed on the internet
* No address be displayed on the internet but permits
other information
* Third parties are not allowed to comment or
review the listing or display a hyperlink to reviews
on an internet website
The broker IS authorized to advertise in all media and procure Buyers in cooperation with other Brokers. Seller promises not to advertise without the consent.
Broker has the right to place sign on the property.
B. --------------------- ( a blank for the name of listing service