Broker Properties Real Without In Pennsylvania

• 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 (Exclusive Listing) is a formal document used in Pennsylvania to establish an exclusive relationship between a seller and a real estate agent. This agreement grants the agent the sole right to sell the specified property and outlines the terms and conditions of the sale, including the minimum sale price and payment terms. The contract is typically for a defined duration, after which it may continue on a month-to-month basis unless terminated with prior notice. Agents are authorized to place 'For Sale' signs and must conduct all negotiations while sellers commit to referring all inquiries to the agent. If the agent successfully finds a buyer, they are entitled to a commission based on the agreed sale price. This form contains specific clauses on the handling of deposits and commission arrangements, ensuring that both parties understand their rights and obligations. It's particularly useful for attorneys, partners, owners, associates, and paralegals in real estate transactions, providing a clear framework to navigate the sale while protecting the interests of both the seller and the agent. Legal assistants can help ensure that all required sections are completed accurately, facilitating a smoother transaction process.