Listing Agreement Cancellation Clause With Seller In Phoenix

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

Description

The Termination of Listing Agreement form outlines the process for cancelling a listing agreement between a real estate broker and a seller in Phoenix. The document begins with the identification of the parties involved, including their addresses, and specifies the original date of the listing agreement being terminated. It includes a mutual agreement to terminate the existing contract and describes that the broker waives any claims against the seller post-termination, except for the reimbursement of specific expenses related to advertisement and marketing that were incurred prior to termination. Furthermore, the seller releases the broker from any future obligations under the agreement. The form ensures that any commissions earned prior to termination remain the broker's right. This document is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, as it provides a clear framework to handle cancellations efficiently, protecting both parties' rights and outlining financial responsibilities. Proper filling and editing instructions are relevant to ensure all parties understand their obligations and that the document serves its intended legal purpose.