The Listing Agreement

The Listing Agreement states the proposed terms of the sale, the compensation to the Broker, the licensee relationship, authorization from the Seller to provide the Broker with all mortgage and lien-holder information, and it authorizes the Broker to market the property. Generally, a Listing Agreement is valid for six months to one year, depending upon the situation. However, the length of the agreement is negotiable.

In addition to the Listing Agreement, you will be provided with the State of Alaska Residential Real Property Transfer Disclosure Statement (“the Property Disclosure”) to complete. State Law requires that Sellers disclose defects or other conditions in the real property being transferred. In some cases, completion of the disclosure statement may be waived when both the Seller and Buyer agree in writing. Completed Property Disclosures are made available to potential buyers.

Lastly we will provide you with a Seller’s Net Sheet that will assist you in determining what your net proceeds will be at the time of the sale. The net sheet will be based on standard cost splits, and is a “best guess” estimate of your proceeds. Variables include, but are not limited to, a Buyer’s type of financing, mortgage pay-offs and recording fees.