What Is An Implied Listing Agreement

Therefore, many listing agreements contain a very general indemnification provision that requires the seller to indemnify the broker in the event that claims are made against the broker in any way related to the property or the broker`s efforts to market the property. Although it is understandable from the broker`s point of view, the seller will not want to be responsible for the behavior of anyone other than his own and the seller will only want to be liable for his negligent or contrary to his obligations in the registration contract or constitutes a breach of his obligations. In an exclusive agency listing, the seller employs a broker who acts as the owner`s exclusive agent. The broker only receives a commission if he is the reason for the purchase…

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