Broker Property Real Foreclosure In Cook

• Category: Real Estate - Brokers
• State: Multi-State
• County: Cook
• 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 legal document that establishes a formal agreement between a property seller and a real estate agent, granting the agent exclusive rights to sell the specified property. The form outlines key elements such as the property description, sale price, terms of payment, and the duration of the agreement, which can be for a set time period or continue on a month-to-month basis. It stipulates whether the agent can place 'For Sale' signage on the property and emphasizes the agent's responsibilities, including conducting negotiations and marketing efforts. It also specifies the commission structure, ensuring the agent is compensated upon successful sale procurement, even post-contract termination for a specific duration. This agreement is vital for establishing clear communication and expectations between the seller and agent. Target users of this form include attorneys, partners, owners, associates, paralegals, and legal assistants who can leverage it to facilitate real estate transactions efficiently. Attorneys can ensure legal compliance, while paralegals and legal assistants can assist in the completion and management of the agreement. It is designed to support users with minimal legal experience, providing straightforward instructions for filling out the form.