Broker Commercial Property Without In Travis

• Category: Real Estate - Brokers
• State: Multi-State
• County: Travis
• 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 vital document for facilitating the sale of commercial properties in Travis. It grants the selected broker or realtor exclusive rights to sell the specified property, ensuring a streamlined sales process. Key features include the outlined sale price, terms of payment, and the duration of the agreement, which typically lasts for a specified period with provisions for renewal or termination. This form allows the broker to place 'For Sale' signage and mandates that all inquiries about the property be directed to them, reinforcing their role in the transaction. The agreement specifies the commission structure for the broker, which is a percentage of the gross selling price, payable if a buyer is found within the contract’s term or up to 180 days post-termination. It also obligates the broker to advertise the property and maintain communication with the seller throughout the process. This form is particularly useful for attorneys, partners, and owners involved in commercial real estate transactions, as it provides a clear legal framework. Additionally, paralegals and legal assistants can assist in preparing and managing this document to ensure compliance with all stipulations, making it an essential resource for all parties engaged in commercial property sales.