Broker Agreement With Seller

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

Description

The Broker Agreement with Seller establishes an exclusive relationship where the Broker acts as the sole agent for the Buyer in purchasing specified property. It outlines the compensation structure, which can be a percentage of the sale price or a fixed amount. Key features include a non-circumvention clause to prevent direct dealings with sellers, the requirement for the Buyer to provide financial information, and confidentiality obligations for both parties. The Broker commits to using best efforts in representing the Buyer, while the term of the agreement details its duration and applicability to future purchases. The document ensures that all communications are properly documented and includes a provision for attorneys' fees in case of non-payment. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, providing a structured framework for negotiation and representation.
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FAQ

Real estate brokers are not parties to the agreement between buyer and seller; this section documents the contact information for the real estate brokers assisting the buyer and seller as well as cooperating broker compensation information.

As nouns the difference between brokerage and broker is that brokerage is a business, firm, or company whose business is to act as a broker (eg, stockbroker) while broker is a mediator between a buyer and seller.

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 brokerage agreement is a type of contract wherein one party agrees to act as a sales agent of another, who is called the principal.

A brokerage agreement is a type of contract wherein one party agrees to act as a sales agent of another, who is called the principal.

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Broker Agreement With Seller