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Washington Real Estate Agent Listing Agreement

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Washington Real Estate Agent Listing Agreement

Updated December 28, 2022

A Washington listing agreement is a required document that is used when a real estate broker is engaged by a client to sell a piece of real estate. The purpose of the contract is to establish the terms by which the broker will represent the client as their real estate agent, including the property’s listing price, the agent’s commission and duties, and the duration of the contract. A listing agreement will usually give the broker the exclusive authority to sell the client’s piece of real estate. However, some property owners may prefer to make an open listing agreement, in which case they will be able to engage as many brokers as they wish. In an open listing agreement, only the agent who sells the property wins the commission. When executing the agreement, all the owners of the property must sign the document. Once the contract has been signed, the agent will be able to sell the client’s real estate and earn the negotiated sales commission upon the successful sale of the property.

Agency Disclosure Form (§ 18.86.030(g))– The real estate agent must give an agency disclosure statement to the buyer or seller prior to the signing of an agreement.

Disclosed Dual Agency (§ 18.86.060) – Permitted with the written consent of both buyer and seller.

Property Disclosure Statement (§ 64.06.030 & § 64.06.020) – State law requires the seller of a property to provide the buyer with a property disclosure statement within five (5) business days of making a purchase agreement.

Search a Licensee – To search for a licensed real estate broker, use the business/professional license lookup feature of the Department of Licensing webpage.