Right To Sell Agreement In Oakland

State:
Multi-State
County:
Oakland
Control #:
US-00440BG
Format:
Word
Instant download

Description

The Right to Sell Agreement in Oakland is a legal document that grants a real estate broker the exclusive and irrevocable right to sell or exchange a specified piece of commercial property. This agreement outlines key features such as the term of the agreement, the sales price, and compensation details for the broker. The owner must provide a description of the property, agree to warrant their ownership, and allow the broker to market the property effectively. The document also specifies that the owner will pay a commission based on the listed price upon closing, and outlines specific conditions for commissions if the property sells after the agreement's termination. It emphasizes the owner's right to refuse offers under certain conditions and requires cooperation with the broker for property access. This agreement is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in commercial real estate transactions, ensuring clarity of terms and responsibilities, protection of interests, and adherence to legal protocols throughout the selling process.
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  • Preview Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate
  • Preview Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate

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FAQ

An exclusive right to sell grants a single real estate agency exclusive authority to market and sell a property, ensuring the listing agent earns a commission regardless of who finds the buyer. While this agreement is active, the property owner cannot use another agent.

With the exclusive right to sell, the agent and their brokerage make a commission no matter who finds the buyer. With an exclusive agency agreement, on the other hand, you retain the right to market and sell your home yourself without paying a commission to the agent.

Gives seller more control over who views the property for sale: Exclusive listings are more suitable for sellers who want to control who and how many people are going in and out of their homes during the sale of the property.

What should be included in a buy-sell agreement? Any stakeholders, including partners or owners, and their current stake in the business' equity. Events that would trigger a buyout, such as death, disability, divorce, retirement, or bankruptcy. A recent business valuation.

Exclusive right to sell listing An exclusive right to sell grants a single real estate agency exclusive authority to market and sell a property, ensuring the listing agent earns a commission regardless of who finds the buyer. While this agreement is active, the property owner cannot use another agent.

An exclusive right to sell listing agreement is a contract between a listing agent and a home or property owner. An exclusive right to sell specifies that the listing agent is the only agent you've hired, and the agent is guaranteed to receive the commission when your house sells.

With exclusive right to sell, the broker has the exclusive right to market the property and receive a commission regardless of who procures the buyer. With exclusive agency, the owner retains the right to find a buyer and sell the property and owe the exclusive broker no commission.

The listing agreement may be exclusive or non-exclusive. When it is exclusive, the real estate agent has the right to a commission irrespective of who sells the home. When it is non-exclusive, the real estate agent will only get a commission if he or she sells the home.

That's right, “as-is” is bolded already in the contract!) However, California law very clearly still requires the seller to disclose all known issues. So, for example, you can have an active roof leak and sell the home “as-is”, but you must disclose the roof leak to the buyer.

"Exclusive right to sell listing agreement" means a listing agreement whereby the owner grants to a seller's agent, for a specified period of time, the exclusive right to sell, find, or obtain a buyer for the real property, and the seller's agent is entitled to the agreed compensation if, during that period of time, ...

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Right To Sell Agreement In Oakland