Commercial Listing Agreement Form

State:
Multi-State
Control #:
US-00439BG
Format:
Word; 
Rich Text
Instant download

Description

The Commercial Listing Agreement Form is a legal document that formalizes the relationship between a seller and a real estate agent for the sale of commercial property. This form grants the agent exclusive rights to sell the specified property, detailing terms such as the sale price, duration of the agreement, and conditions for commission payments. Sellers can specify whether the property can be sold in multiple sales or as a single entity, and the agreement can continue on a month-to-month basis if not terminated by either party. This form also includes provisions for the agent's advertising efforts, communication with the seller, and the handling of deposits. It is predominantly utilized by real estate professionals including attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in commercial property transactions. The form is essential for ensuring clarity in responsibilities and expectations between sellers and their agents while providing legal protections. By using this form, all parties can ensure compliance with real estate laws and streamline the selling process.
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  • Preview Listing Agreement With A Broker Or Realtor To Sell Commercial Property Or Real Estate - Exclusive Listing
  • Preview Listing Agreement With A Broker Or Realtor To Sell Commercial Property Or Real Estate - Exclusive Listing

How to fill out Listing Agreement With A Broker Or Realtor To Sell Commercial Property Or Real Estate - Exclusive Listing?

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FAQ

By keeping a listing in-house, even for a short while, instead of placing it with the MLS or refusing to work with a cooperating agent, a broker isn't fulfilling the fiduciary responsibility to the seller. This is the most common breach of a listing agreement.

Open listings are the most common type. Under an open listing, the property owner offers a real estate broker a commission, usually a percentage of the sale, if the the property is sold.

An exclusive right to sell listing is the most widely-used listing agreement. Under this agreement, the broker has the exclusive right to market the property for a specified period of time.

The three (3) most common types of Listing Agreements are:Exclusive Right to Sell.Exclusive Agency.Open Listing.

An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.

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Commercial Listing Agreement Form