Listing Agreement Commercial With A Self-renewing Clause In Travis

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

Description

The Listing Agreement Commercial with a Self-Renewing Clause in Travis is a formal contract that permits a realtor or broker to act as the exclusive agent for the sale of a designated commercial property. This agreement provides the agent with the right to sell the property at a set minimum price and allows for both single and multiple sales of the property. An essential feature of this agreement is the self-renewing clause, which stipulates that unless the seller gives written notice 30 days before the end of the duration, the contract will continue on a month-to-month basis after the original term. This clause benefits both parties by ensuring that the arrangement can be prolonged without needing a new contract. The agent is granted specific rights and responsibilities, including the authority to place a 'For Sale' sign and conduct negotiations. Additionally, if a purchasing party is found, the seller agrees to compensate the agent with a percentage of the sale price. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides clear guidelines for property sales and ensures all parties are aware of their rights and obligations. It facilitates a structured approach to real estate transactions, minimizes disputes, and can serve as a reference for future agreements.