Auto Broker Agreement Form

Category:
State:
Multi-State
Control #:
US-01636
Format:
Word; 
Rich Text
Instant download

Description

The Auto Broker Agreement Form is a legal document designed for use between a buyer and a broker acting as an exclusive agent in property transactions. This form outlines the responsibilities of both parties, including the broker's commission and the buyer's cooperation in providing necessary financial information. Key features include clauses on exclusivity, compensation terms, non-circumvention, and confidentiality obligations for both parties. It ensures clear communication and outlines the process for negotiations, while also specifying the term duration of the agreement. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to protect their interests in property purchases, ensuring that brokers are compensated fairly and buyer obligations are defined. The form also provides a mechanism for resolving disputes related to compensation through the stipulation of attorney fees. Additionally, it is crucial for maintaining confidentiality during the property transaction process. Overall, the Auto Broker Agreement Form serves as a comprehensive tool for facilitating property transactions while minimizing risks for both buyers and brokers.
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FAQ

A Broker Agreement, also known as a Finder's Fee Agreement or a Referral Agreement, sets forth the terms and conditions under which a Broker will either find goods and/or services for a Buyer to purchase or interested buyers for goods and/or services being sold by a Seller.

A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.

A brokerage agreement helps a property owner/buyer to authorize a real estate broker to find a buyer/seller for the property on their terms for which they pay the commission to the broker.

Broker-Dealer Agreement means an agreement between the Auction Agent and a Broker-Dealer, pursuant to which such Broker-Dealer agrees to follow the Auction Procedures.

A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.

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Auto Broker Agreement Form