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Indiana Real Estate Agent Listing Agreement

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Indiana Real Estate Agent Listing Agreement

Updated July 03, 2023

An Indiana real estate agent listing agreement is used to establish terms between an agent and client for the sale of real estate. The client, or “seller,” will sign the listing agreement after discussing the sale conditions with the agent, and after the agent consents to the terms by agreeing to represent the seller in the real estate transaction. Conditions described in the agreement will include the selling price, the effective date of the agreement as well as the expiration date, the type of listing, the advertising methods, and the commission earned by the agent should the property sell. While the commission will vary depending on the value of the property, the agent will generally be granted a percentage of the sales price, though other payment options are permissible.

Agency Disclosure Form (IC 25-34.1-10-10(a)(2) & IC 25-34.1-10-11(a)(2)) – No standardized form. However, Indiana real estate agents are obligated to disclose to clients the relationship established upon entering into a listing agreement.

Limited (“Dual”) Agency (IC 25-34.1-10-12) – Legal in Indiana. The licensee may act as a dual agent, or “limited agent” as it is referred to in Indiana (IC 25-34.1-10-7), if they first obtain the written consent from each party.

Seller’s Residential Property Disclosure Form (§ 32-21-5-7) – Sellers of residential property must complete this disclosure form and make it available to prospective buyers. The disclosure statement offers buyers a variety of information regarding the overall condition of the property.

Search a Licensee – This search function allows users to verify the license information of a real estate agent.