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
Relevant legal definitions
Original Agreement
Effective Date
Original Listing Price
Modified Listing Price
Listing Period
Extended Term
Commission Rate
Modified Commission Rate
Property
Broker
Agent
Seller
Marketing Services
Modified Marketing Services
Listing Term
Multiple Listing Service (MLS)
Exclusive Right to Sell
Brokerage Firm
Original Terms and Conditions
Modified Terms
Amendment Date
Marketing Period
Commission Structure
Listing Expiration Date
Modified Expiration Date
Effective Date
Original Listing Price
Modified Listing Price
Listing Period
Extended Term
Commission Rate
Modified Commission Rate
Property
Broker
Agent
Seller
Marketing Services
Modified Marketing Services
Listing Term
Multiple Listing Service (MLS)
Exclusive Right to Sell
Brokerage Firm
Original Terms and Conditions
Modified Terms
Amendment Date
Marketing Period
Commission Structure
Listing Expiration Date
Modified Expiration Date
Clauses
Modification of Terms
Price Adjustment
Commission Structure
Term Extension
Marketing Requirements
Property Description
Representation and Authority
Integration
Ratification
Survival
Amendment
Governing Law
Severability
Notice Requirements
Multiple Listing Service (MLS) Terms
Advertising Rights
Agency Disclosure
Exclusivity
Termination Rights
Force Majeure
Counterparts
Electronic Signatures
Binding Effect
Assignment
Price Adjustment
Commission Structure
Term Extension
Marketing Requirements
Property Description
Representation and Authority
Integration
Ratification
Survival
Amendment
Governing Law
Severability
Notice Requirements
Multiple Listing Service (MLS) Terms
Advertising Rights
Agency Disclosure
Exclusivity
Termination Rights
Force Majeure
Counterparts
Electronic Signatures
Binding Effect
Assignment
Relevant Industries
Relevant Teams
Relevant Roles
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