Listing Agreement Cancel Clause With Realtor In Alameda

• Category: Real Estate - Contracts - Agents
• State: Multi-State
• County: Alameda
• Control #: US-00048DR
• Format: Word; Rich Text

Description

The Termination of Listing Agreement form serves as an official document used to terminate a Listing Agreement between a Broker and a Seller in Alameda. This form includes a cancel clause that allows both parties to mutually agree upon ending the listing relationship as of a specified date. Notably, the Broker waives any claims against the Seller related to the termination, except for reimbursement of certain expenses incurred. It also ensures that any compensation earned by the Broker prior to termination remains enforceable. The form requires the parties to fill in their names, addresses, date of agreement, and any specified expenses for reimbursement, which promotes clarity and transparency. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in real estate transactions, as it provides a clear legal framework for terminating listing agreements. Its straightforward language facilitates understanding for users who may be unfamiliar with legal documents, thus ensuring compliance and protection for both parties.