Real Estate Agreement Contract For Land

Category:

Contracts - Stock Broker

State:

Multi-State

Control #:

US-13377BG

Format:

Instant download

Description

The Non-Exclusive Real Estate Brokerage Agreement is a legal document that formalizes the relationship between an Owner and a Broker for the sale of a specified property. This agreement establishes the Broker as the non-exclusive agent tasked with finding a buyer under defined terms. Key features include the appointment of the Broker, timelines for the listing, commission structures, and obligations of both parties regarding property inspections and representations. Additionally, it outlines provisions for severability, waiver, governing law, mandatory arbitration, and modification of the agreement. Target audiences, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form beneficial as it facilitates clear communication and understanding between parties in a real estate transaction. Attorneys can utilize the document to ensure compliance with applicable laws, while partners and owners can protect their interests in the sale. Paralegals and legal assistants can assist by ensuring all sections are accurately completed and that important deadlines are met.

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FAQ

Key elements of a contract For a contract to be valid, it must have four key elements: agreement, capacity, consideration, and intention.

All business contracts must contain the essential elements of an agreement. The essential elements include consideration, offer and acceptance, a legal purpose, capable parties and mutual assent. Consideration means something of value must be exchanged.

An agreement must have four essential elements to give rise to a contract and its respective obligations: offer, acceptance, consideration and an intention to create legal relations.

Contracts must be in writing A valid contract for the sale of land must be made in writing. Writing includes typing, photography and other modes of reproducing words in a visible form.

Tip. The five requirements for creating a valid contract are an offer, acceptance, consideration, competency and legal intent.