Cancellation Form Fillable With Adobe Acrobat In Bronx

State:
Multi-State
County:
Bronx
Control #:
US-00048DR
Format:
Word; 
Rich Text
Instant download

Description

In the context of real property law, a listing agreement governs the terms of the sale of real property by a third party real estate agency or broker. A listing contract may cover issues, among others, such as the price and terms of sale, broker's commission, agency duties of a listing agent, whether or not the property will be listed with the local MLS (multiple listing service), lockbox use, and resolution of disputes.


There are at least ten ways that a listing agreement may be terminated.


" When a real estate broker successfully sells a property for their client the listing agreement is complete.

" Listing agreements are typically inclusive of a definite time frame. When this period of time is reached, the listing agreement is terminated. Automatic extensions are illegal in many states, and are highly discouraged.

" If a broker does nothing to market the property, the owner of the property may end the listing due to the brokers abandonment of the property.

" Sellers can revoke the listing agreement, however there may be damages to the broker for which the seller can be held liable.

" Brokers can renounce the listing agreement, however they may be held for damages to the seller.

" Death, insanity, or bankruptcy of either the broker or the seller will often terminate the listing.

" Destruction of the property terminates the agreement because the agreement cannot be performed.

" The listing agreement can be terminated through a mutual consent between the broker and the seller.

" If the use of the property changes significantly, the listing agreement can be cancelled.

" In the real estate market, transfer of title by operation of law can terminate the listing agreement.

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FAQ

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Call Housing Court Answers at 718-557-1379 or 212-962-4795 from Monday - Friday, between 9am and 5pm. Call 311 and ask for the Tenant Helpline. Email OCJ at civiljustice@hra.nyc. Please provide a name, telephone number, and a Housing Court case index number for your eviction case (if you have one) in your email.

The Civil Court of the City of New York consists of 3 parts: General Civil, Housing, and Small Claims. General Civil cases includes matters where parties are seeking monetary relief up to $50,000. The Housing Part hears landlord-tenant matters and cases involving maintenance of housing standards.

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Cancellation Form Fillable With Adobe Acrobat In Bronx