Cancellation Of Listing Agreement Form With Realtor In Minnesota

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

Description

The Cancellation of Listing Agreement Form with Realtor in Minnesota serves as a formal document for terminating a previously established listing agreement between a real estate broker and a seller. This form outlines essential details such as the names of the parties involved, the date of the original agreement, and the date of termination. Key features include mutual waivers of claims from both the broker and the seller, ensuring that neither party can seek further obligations or payments following the termination, except for reimbursement of specific expenses incurred during the listing period. This form must be completed with printed names and signatures of both parties to ensure its validity. The document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to manage real estate transactions or advise clients on contract obligations. It simplifies the process of ending a professional relationship with a realtor, and it is crucial for mitigating potential disputes related to commissions or obligations post-termination. By providing a clear outline of the terms of termination, this form aids legal professionals in ensuring compliance with Minnesota laws while protecting their clients' interests.