An Addendum To Listing Agreement becomes necessary when circumstances require modifications to an existing listing agreement without terminating the original contract. This document is commonly used in the U.S. real estate market when parties need to adjust terms such as listing price, commission structure, or agreement duration. It provides a formal and legally compliant way to document changes while maintaining the validity of the original agreement. The addendum must comply with federal regulations like RESPA and the Fair Housing Act, as well as state-specific real estate laws and local regulations.
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1. Parties: Identifies the original parties to the listing agreement and confirms their continued involvement
2. Background: References the original listing agreement and establishes the need for modification
3. Definitions: Defines any new terms introduced in the addendum
4. Modified Terms: Clearly states which terms of the original agreement are being modified
5. Integration Clause: Confirms how this addendum relates to the original agreement
6. Signatures: Execution block for all parties
1. Price Modification: Used when modifying the original listing price of the property
2. Commission Structure: Used when modifying the original commission arrangements between parties
3. Term Extension: Used when extending or shortening the original listing period
4. Marketing Requirements: Used when modifying the original marketing strategy or requirements
1. Schedule A - Modified Property Description: Updated property details or specifications if changes are required from original listing
2. Schedule B - Revised Marketing Plan: Modified marketing strategy and requirements if different from original listing agreement
3. Schedule C - Updated Commission Structure: Detailed breakdown of any commission changes from original agreement
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