The KREC Exclusive Right to Sell Agency Contract becomes legally binding once it is signed by whom?

The KREC Exclusive Right to Sell Agency Contract becomes legally binding when it is signed by the seller, the principal broker, and the authorized agent. This multi-signature requirement is essential because it ensures that all parties involved in the transaction are formally acknowledging and accepting the terms of the agreement.

The seller's signature indicates their willingness to grant exclusive rights to sell the property, while the principal broker's signature demonstrates the broker's acceptance of the agency relationship and their commitment to representing the seller's interests. Additionally, the authorized agent's signature reinforces the agent's responsibility to act on behalf of the principal broker in facilitating the sale of the property.

This contractual framework is designed to protect the interests of all parties by clearly outlining the roles, responsibilities, and expectations involved in the real estate transaction, thereby providing a solid foundation for the sale process.