Listing agreement on multiple properties (agent, contract, Realtors, seller)

[deadwood]

When a seller has more than one property to sale, is it appropriate to for the broker to use one listing agreement for both properties?

The reason I ask is I can't find any information regarding the preparation of form TXR-1011.

The form is formatted as follows which suggests that it is prescribed for one property.

__________________________________________________ __________________

2 .PROPERTY: “Property” means the land, improvements, and accessories described below, except for any described exclusions.
A. Land: Lot _______________of , Block _________________, ___________________ Addition , City of ________________, in ____________ County, Texas known as _________________ (address/zip code), or as described on attached exhibit.

__________________________________________________ _________________


I was just interested if it really made any difference or not.

[MikeJaquish]

Sure.
It might be more efficient to use and refer to an additional sheet with full property descriptions, rather than trying to make the fields of the agreement work.
I have done it a few times with multiple building lots.

[deadwood]

Originally Posted by MikeJaquish

Sure.
It might be more efficient to use and refer to an additional sheet with full property descriptions, rather than trying to make the fields of the agreement work.
I have done it a few times with multiple building lots.

So what did you used for # 3. Listing price? Do you use the amount for one of the lots or the total amount of all the lots added together?

[MikeJaquish]

I am not in Texas, so I can't really address your Texas form.

I just know it is just fine to list and sell multiple properties with one listing agreement.

[Diana Holbrook]

We have certainly listed multiple parcels that will be sold together, on one listing agreement.

I think it would be clumsy and awkward to try to make the forms fit for completely separate properties when separate agreements could be filled out in time we've already spent thinking about it.

More work and so far unknown benefit.

[Silverfall]

If the properties are being sold together for one price then you can do one listing agreement and add multiple legal descriptions. If they are being sold individually, then you would want individual listing agreements.

[Rakin]

Originally Posted by Silverfall

If the properties are being sold together for one price then you can do one listing agreement and add multiple legal descriptions. If they are being sold individually, then you would want individual listing agreements.

This and keep in mind the Listing agreement is a Broker Internal Form that can be changed to meet the circumstance unlike the Texas TREC Contracts.

Easy for an agent to pencil in several properties. Note the TX Contract is for a 1 to 4 Family Residential Properties. Those 4 sold together can be on one listing agreement and one contract.

That form TXR-1011 is a form put together by the TX Association of Realtors just for their use if they do not have their own Agreements. It's not an official State Form.