Broker Property Real With Ai In Michigan

• 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 in Michigan serves as a formal agreement between a seller and a real estate agent. This exclusive listing grants the agent the sole right to sell the specified property, detailing key aspects such as the property description, minimum selling price, and terms of payment. The agreement outlines a set duration, typically for a year, with provisions for renewal unless canceled by notice. It specifies the agent's authority to market the property, including signage and managing inquiries, while ensuring the seller pays a commission upon successful sale. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants to facilitate property sales effectively. It provides clear instructions for filling out property specifications, commission rates, and contractual terms, ensuring all parties are in agreement. The form also serves various use cases, such as securing exclusive representation for the sale, negotiating terms of sale, and managing buyer deposits. Overall, this listing agreement is a crucial tool for anyone engaged in real estate transactions in Michigan.