When an agent lists a property using the Colorado exclusive right to sell listing contract and checked the will not box?

An agent lists a property using the Colorado Exclusive Right to Sell Listing Contract and checked the "Shall Not" box in the Holdover Clause. Just before the listing expired, a buyer views the property. Wanting to retain the rights to this buyer, the listing agent provides the buyer's name in writing to the seller.

When an agent lists a property using the Colorado exclusive right to sell listing contract and checked the will not box?

An agent lists a property using the Colorado Exclusive Right to Sell Listing Contract and checked the "Shall Not" box in the Holdover Clause. Just before the listing expired, a buyer views the property. Wanting to retain the rights to this buyer, the listing agent provides the buyer's name in writing to the seller.

What is an exclusive right to sell listing?

Exclusive Right-to-Sell Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker, regardless of whether the property is sold through the efforts of the ...

What is the exclusive right to sell listing contract in Colorado?

With exclusive right to sell, the broker has the exclusive right to market the property and receive a commission regardless of who procures the buyer. With exclusive agency, the owner retains the right to find a buyer and sell the property and owe the exclusive broker no commission.

What is a commission approved exclusive right to sell listing contract?

The Right to Sell Listing contract provides exclusivity to the listing broker to sell the property. The broker will be entitled to compensation regardless of who sells the property. If there is more than one listing contract active at the same time, the seller could be liable for multiple commissions to be paid.

Under which circumstances is it not necessary to use a Colorado real estate commission approved form?

Under which circumstance is it NOT necessary to use a Colorado Real Estate Commission-approved form? Builders use contracts prepared by their own attorneys.

What must the exclusive right to sell agency listing agreement contain?

An exclusive right to sell listing agreement will usually include a term length for the duration of the contract, termination rights in the event either party wants to end the contract early, terms for the agent's compensation, and a detailed description of the property being sold.

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Exclusive Right-to-Sell Listing Contract. Colorado Real Estate Commission-approved Form

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IS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. 6 Compensation charged by brokerage fir ms is not set by law. Such charges are established by each r eal estate broker age fir m. 7 8 9 DIFFERENT BROKERAGE RELATIONSHIPS ARE AVAILABLE WHICH INCLUDE BUYER AGENCY, SELLER AGENCY, OR TRANSACTION-BROKERAGE. EXCLUSIVE RIGHT-TO-SELL LISTING CONTRACT 10 SELLER AGENCY 11 12 13 TRANSACTION-BROKERAGE Date: e l p m a S 14 15 16.

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