Listing Agreement For Lease In Queens
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Exclusive Agency: Tenant agrees that Tenant Broker will act as Tenant's exclusive agent for the purpose of locating and leasing acceptable real property in New York. Tenant will refer all information received from other brokers, persons, prospective Landlords or any other source to Tenant Broker.
An open listing enables multiple real estate agents to try to sell your home. This setup gives the seller the ability to work with multiple agents at once. This differs from an exclusive listing, in which the seller works exclusively with one listing agent to find a buyer.
Exclusive agents are autonomous entities, which are contractually bound to represent just one insurer. Exclusive dealing arrangements include insurers who sell through employees (direct underwriters), companies who use exclusive agents, or companies who use mass merchandizing without employing salespersons.
Definition: Exclusive agency refers to a type of agreement between a seller and a real estate agent where the agent has the exclusive right to sell the property. This means that the seller cannot work with any other agents or sell the property themselves during the term of the agreement.
An exclusive listing grants one specific real estate agent and the brokerage that they work for the sole right to represent a seller, ensuring only that broker can market and sell the property. By contrast, non-exclusive listings allow the seller to employ more than one broker or agent.
