Broker Property Real Formula In Suffolk

• Category: Real Estate - Brokers
• State: Multi-State
• County: Suffolk
• Control #: US-00439BG
• Format: Word; Rich Text

Description

The Broker Property Real Formula in Suffolk is structured as a Listing Agreement with a Broker or Realtor to sell commercial property or real estate, providing sellers with an exclusive right to sell their property through a designated agent. The agreement outlines the property's description, the selling price, and specific payment terms. It is effective for a predetermined period, typically one year, with options for renewal or termination with written notice. The agent is responsible for marketing the property and negotiating with potential buyers, ensuring effective promotion and communication throughout the selling process. Importantly, if a buyer is procured within 180 days post-termination, the seller still owes a commission to the agent. The form supports varied parties, including attorneys who may review or negotiate the terms, partners who manage property transactions, owners seeking to sell, associates and paralegals assisting in documentation, and legal assistants who can help ensure compliance and completeness of the agreement. This document serves as a vital resource for real estate professionals in Suffolk, offering clear guidelines for an exclusive sales relationship.