May Listing Agreements Be Terminated Without Penalty For Non Payment In Broward

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

Description

The Termination of Listing Agreement form allows parties in Broward to end a listing agreement without penalty for non-payment. This agreement starts with a mutual acknowledgment of the original listing agreement, guarantees that the Broker waives any claims against the Seller, and specifies that the Seller is released from future obligations. Notably, any incurred expenses such as advertising are still the Seller's responsibility. This form is essential for maintaining clarity and protecting the rights of both parties, particularly in cases where ongoing payments or services may be in dispute. Attorneys, partners, owners, associates, paralegals, and legal assistants can use this form to efficiently provide clients with a clear exit strategy from their listing obligations. Key features include clear instructions on how to fill it out, such as inserting dates and amounts, and it should be signed by both parties to ensure mutual acknowledgment. This document serves as a vital tool for resolving disputes and preventing unfavorable legal complications.