Realtor Broker Agent Forum In Wayne

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

Description

The Listing Agreement With A Broker Or Realtor To Sell Commercial Property Or Real Estate is an exclusive arrangement that empowers a realtor or agent in Wayne to sell specified commercial property on behalf of the seller. Key features include the designated property description, listing price, and selling terms that the seller must stipulate. The agreement establishes a time frame for the contract, which automatically renews monthly unless a notice is given, providing flexibility for both parties. It outlines the agent's authority to place 'For Sale' signs and mandates that all inquiries be directed through the agent. The document specifies commission rates payable to the agent upon securing a buyer, reinforcing their role in marketing and negotiating the property sale. Additionally, the agent agrees to provide regular updates to the seller on the sale progress and to work with cooperating brokers to facilitate transactions. This form is crucial for attorneys, partners, owners, and real estate professionals as it formalizes the sales relationship, clarifying responsibilities and ensuring proper advertising and sale procedures. For paralegals and legal assistants, it serves as a guideline for compliance with real estate regulations and facilitates effective communication between sellers and agents.