Listing Agreement Cancellation Clause With Seller In Wake

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

Description

The Listing Agreement Cancellation Clause with Seller in Wake details a mutual agreement between the real estate broker and the seller to terminate the listing agreement. This clause explicitly outlines the date of termination and acknowledges that both parties have agreed to this action. The broker waives any claims against the seller resulting from the termination, except for reimbursement of marketing expenses incurred. Furthermore, the seller releases the broker from any future obligations under the listing agreement, though compensation earned prior to termination remains intact. This cancellation clause serves as a formal record to protect both the seller and broker's interests upon the discontinuation of the listing agreement. The form is particularly useful for attorneys and legal professionals who assist clients in real estate transactions. It provides a clear framework for cancellation, ensuring that all parties understand their rights and obligations. Partners and owners in real estate firms can use the form to swiftly handle cancellations while maintaining legal compliance. Paralegals and legal assistants can efficiently fill out and edit the form, facilitating streamlined operations within legal teams. Overall, this document simplifies the cancellation process, making it accessible and understandable for users at various levels of legal experience.