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Listing contracts agents use to sell real estate in California

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Uploaded by on Nov 19, 2009

There are three main listing contracts that are used to list real property in California. The contracts are the Exclusive Right to Sell, Exclusive Agency and the Open Listing. Some students have recently emailed questions about the differences between these contracts and I wanted to talk for a quick second about this.

Remember this contract is an express bilateral agreement. It is express because the contract is in writing (under the Statute of Frauds) and bilateral because both parties make promises. The seller promises to pay a commission (and other assurances) and the broker promises to use due diligence to procure a buyer.

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Uploader Comments (AdhiSchoolsLlc)

  • Hi there... California does allow dual representation (dual agency) with the proper disclosure and consent of both principals.

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  • Very well explained! Does California practice dual representation?

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