What is the Listing Exclusion Clause Addendum, and what does it mean for my realtor?
The Listing Exclusion Clause is an addendum to your listing agreement that protects your right to accept a buyout offer from the DNRP contractor without any obligation for you to pay a real estate commission to your realtor. Your listing agent will earn a full sale commission if he/she is successful in obtaining an acceptable offer from a qualified purchaser while you are marketing your home prior to accepting the DNRP Appraised Value Offer. During the home marketing period, if you receive a purchase offer from a qualified buyer for a price that is acceptable to you, and the DNRP relocation contractor approves the sale, the DNRP contractor will buy your home from you for the net sale price offered by the outside buyer, and wire your equity payment into your bank account within 5 business days of their acceptance of the outside sale. The DNRP contractor will then enter into a new listing agreement with your former listing agent, and attempt to sell the property to the outside buyer for
