Broker Properties Real Without In California

• Category: Real Estate - Brokers
• State: Multi-State
• Control #: US-00439BG
• Format: Word; Rich Text

Description

The Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate (Exclusive Listing) is a critical legal document that allows the Seller to appoint an Agent to exclusively market and sell their property in California. Key features include the description of the property, the sales price conditions, and the term of the agreement. Users must specify the price and payment terms, outlining the duration of the contract, which may last for a set period and may continue month-to-month unless terminated. The Agent has the authority to place 'For Sale' signs on the property and is responsible for all sales negotiations. A commission structure is established, ensuring the Agent is compensated if they procure a potential buyer. The document also allows for a non-risk deposit to be accepted by the Agent. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, providing a clear framework for the responsibilities and rights of both the Seller and the Agent. It supports the efficient handling of sales while mitigating risks and ensuring compliance with state regulations.