Updated April 26, 2024
A Washington, D.C. real estate listing agreement is a contract between a licensed real estate listing agent and buyer or seller of real property, also known as the “client”. The agent represents the client in every aspect of a transaction – from first contacts to finalizing a sale. They usually receive a commission off of the final sale price as compensation for their services.
Agency Disclosure – A listing agent is required to disclose to a buyer or seller that they are representing another party in the negotiation and transaction.[1]
Dual Agency – A dual agent has a brokerage agreement with both parties in a real estate transaction.[2]
Property Disclosure Statement – A seller and their agent are required to disclose any information about the property that would affect a buyer or renter’s decisions to purchase or lease the property.[3]
Search a License – To verify the realtor’s license status.
Written Agreement – All sales of real property by a listing agent are required to be formalized under a listing agreement if the agent is to receive a commission on the sale.[4]