A person licensed to arrange the buying and selling of real estate for a fee. A real estate broker acts as an intermediary between the parties selling and buying the real estate. Real estate brokers can also be called real estate salespersons, and the people who assist them (who are generally not required to be licensed) are generally called real estate agents.
Guam Contract of Sale of Commercial Property with No Broker Involved is a legal document that outlines the terms and conditions of a transaction between a buyer and a seller for the purchase of a commercial property in Guam. This particular type of contract is designed for parties who choose not to involve a real estate broker or agent in the sale process. Keywords: Guam, commercial property, contract of sale, no broker involved, legal document, terms and conditions, transaction, buyer, seller, purchase, real estate broker, real estate agent. There are two primary types of Guam Contracts of Sale of Commercial Property with No Broker Involved: 1. Standard Contract of Sale: This is the most commonly used form of contract for the sale of commercial property in Guam. It includes essential clauses such as the purchase price, deposit amount, property description, closing date, and any contingencies or conditions that must be fulfilled before the sale can be completed. Both the buyer and seller have the opportunity to negotiate and agree upon the terms of the contract. 2. Customized Contract of Sale: This type of contract is tailored to meet the specific needs and requirements of the buyer and seller. It allows parties to include additional provisions or modify the existing ones to address unique aspects of the commercial property transaction. Customized contracts are often used when complex or unusual circumstances are involved, requiring a more flexible approach than the standard contract. Regardless of the type chosen, a Guam Contract of Sale of Commercial Property with No Broker Involved serves as a legally binding agreement between the parties involved. It sets out the rights, obligations, and responsibilities of the buyer and seller, ensuring a transparent and well-documented sale process. It is always advisable to seek legal counsel or consult a real estate professional to ensure the contract adheres to Guam's local laws and regulations.
