Pennsylvania Real Estate Continuing Education Courses - PENNSYLVANIA School License: RU003266
PA 4.0 hours Valuation, Marketing, and Listings Course Syllabus
4.0 Elective Hours
The Listing Agreement is a contract between the seller and the brokerage. All owners of a property must sign the listing agreement. A licensee, in most states, is usually authorized to sign the agreement for their broker. The Listing Agreement does not need to be personally signed by the designated broker is most states. Modifications to the listing agreement, after it is originally signed, can be made using a Status Change Input Sheet. A licensee should always attempt to obtain the initials and dates from all sellers on all changes and the licensee should also initial and date the form.
Most modifications require the seller’s signature. Examples of these are, price changes, extending the listing agreement, temporarily taking the property off the market, contingencies, cancellations, changes to the comments field.
Some modifications to a listing usually require the designated broker’s signature such as cancellation of listing, changes in the selling office commission are being offered, sale failed release, and sometimes temporarily taking the property off the market.
This course focuses on the signing, modification and termination of listing agreements and reviews who has the authority to sign, modify or cancel a Listing Agreement and reviews the ways a Listing Agreement can be terminated.