Broker Property Real Foreclosure In Collin

• Category: Real Estate - Brokers
• State: Multi-State
• County: Collin
• 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 crucial legal document for brokers and sellers in Collin. This form establishes an exclusive relationship between the seller and the broker, granting the broker the sole rights to sell the named property. Key features include stipulations for the sales price, sales terms, and the duration of the agreement. Sellers are required to inform the broker if they wish to terminate the agreement, and the broker has the authority to place a 'For Sale' sign on the property. The broker is also responsible for conducting all negotiations and advertising efforts. A commission structure is provided for the broker upon procurement of a buyer. The agreement allows for the acceptance of non-interest bearing deposits from potential buyers, ensuring clarity in financial transactions. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it facilitates clear communication and expectations between sellers and agents, while also ensuring compliance with legal and financial obligations.