Commercial Listing Agreement Form In Texas

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

Description

The Commercial Listing Agreement Form in Texas serves as a legal document between a seller and a real estate agent regarding the sale of commercial property. This exclusive agreement grants the agent the sole right to sell the specified property, which can be sold as a whole or in parts. The form includes critical sections for detailing the property description, pricing, and payment terms, ensuring clarity in the transaction. It outlines the duration of the agreement, typically ranging from several months to a year, and includes provisions for automatic renewal unless terminated by either party with appropriate notice. Key features also cover the agent's responsibilities, including advertising, property inspections, and communication with potential buyers. The agreement stipulates the commission rate due to the agent upon successful transaction completion and set conditions regarding buyer deposits. This form is particularly beneficial for attorneys, partners, and other professionals involved in real estate transactions, as it ensures compliance and streamlines the selling process. Paralegals and legal assistants can utilize the form to support clients in understanding their rights and obligations in commercial property sales.