This office lease form is an agreement between the landlord, owner of the property, a broker and an outside broker. This Letter Agreement was written as an inducement for each of the parties to continue negotiations and to set forth the conditions of the agreement between Outside Broker, Broker and Landlord.
Louisiana Co Brokerage Agreement
Category:
State:
Multi-State
Control #:
US-OL29A082B
Format:
Word;
PDF
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How to fill out Co Brokerage Agreement?
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FAQ
In co-brokering, one broker works with the buyer and a different broker works with the seller and the brokers split the commission of the sale.
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. A licensee may act as a dual agent only with the informed written consent of all clients. Informed consent shall be presumed to have been given by any client who signs a dual agency disclosure form prepared by the commission pursuant to its rules and regulations.
A. A licensee may act as a dual agent only with the informed written consent of all clients. Informed consent shall be presumed to have been given by any client who signs a dual agency disclosure form prepared by the commission pursuant to its rules and regulations.
The Louisiana Law of Agency defines ministerial acts and activities as efforts made for the purposes of providing information (e.g. setting viewing appointments or hosting open houses, answering or returning phone calls from parties interested in a property).
Because Louisiana is a community property state, spouses are co-owners of all property purchased during their marriage unless an agreement exists stating otherwise. In addition, heirs inheriting property are co-owners of any property inherited by more than one heir.
Under the Louisiana Law of Agency, dual agency is permissible but only with the written consent of both parties. Licensees operating under a dual agency must show no favoritism to either party and treat them both with honesty and fairness for the duration of the dual agency or until the transaction is closed.
With a Broker Agreement, you (either a broker or client) can set forth the terms and conditions of the broker's payment for his or her services. In this case, a broker is someone with knowledge and contacts in a certain field, who can facilitate the connection of one business or individual with another.