Listing Agreement Cancellation Form With Broker In Suffolk

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

Description

The Listing Agreement Cancellation Form with Broker in Suffolk is a crucial legal document utilized to formally terminate a listing agreement between a real estate broker and a seller. This form outlines the mutual agreement of both parties to end their existing contract, specifying the date of termination and ensuring that both the broker and the seller release each other from further obligations under the agreement. Key features include sections for both parties to acknowledge the termination date, the waiver of any claims against each other, and the stipulation that any prior earned commissions remain intact. Filling instructions highlight the need for accurate completion of personal details, including names, addresses, and specific amounts for any expenses incurred. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form beneficial in managing client relationships, ensuring compliance with legal requirements, and protecting their clients' interests. The form serves to clarify responsibilities post-termination and aids in reducing the risk of disputes by documenting the termination process clearly.