Understanding the California Residential Listing Agreement

The Residential Listing Agreement (RLA) is a standard form which stipulates all agreement terms, including the listing price, the listing time period, the broker's commission and more. It also informs the seller of issues and legal requirements that may be involved in the process. The RLA specifies that the seller's REALTOR® will receive a commission on the home's sale regardless of how the buyer is located, whether it be through the seller's REALTOR®, another REALTOR®, the seller's own initiative or any other means.

Covered in the Course:

• Details for each section on every page of the form will be covered
• The 3 types of Listings (and some on the BRBC)
• Mediate, Arbitrate...
• How deposits are handled (10145 of the B & P Code)
• Who to talk to for more answers