876 IAC 8-2-1 - Listing agreements; prohibition
Authority: IC 25-34.1-2-5
Affected: IC 25-34.1-2-5
Sec. 1.
(a) All
listing agreements or any authority to sell shall show a definite date of
expiration and shall be in writing, either on paper or in electronic format,
with one (1) copy to go to the owner within three (3) business days of the time
of signing, and the original and all electronic files shall be retained in the
office of the listing broker.
(b)
No listing agreements shall be accepted by a broker company or by an associated
broker on the broker company's behalf that provides for a net return to the
seller, unless said listing agreement provides for a maximum commission to be
paid by the seller to the broker company.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.