List Realtor Property Without 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 in Cook provides a structured approach for sellers engaging a real estate agent. This exclusive agreement allows the agent the sole rights to sell the specified property, which can be sold as a single unit or in multiple transactions. Key features include specifying the minimum sale price, payment terms, and the duration of the agreement, which ideally lasts for a defined period with options for renewal or termination. The agent is authorized to market the property and is responsible for negotiating potential sales, while also being permitted to place a 'For Sale' sign on the property. In case a buyer is secured during or shortly after the agreement's term, the agent earns a commission based on the sale price. The seller must also agree to pay a commission to the agent when specific conditions are met. This form is especially useful for attorneys, partners, and paralegals who assist in commercial real estate transactions, as it provides clear guidelines on duties, rights, and responsibilities of both the seller and the agent, ensuring compliance and clarity throughout the selling process.