A broker is an agent who bargains or conducts negotiations for and on behalf of a person he or she represents, called a principal. The broker acts as an intermediary between the principal and third persons in the acquisition of contractual rights or the sale or purchase of property, and receives a commission or brokerage fee for his or her services. A broker has a duty to act in the principal's interest and not gain personal advantage at the principal's expense. The broker must avoid conflicts of interest that may arise in performing duties for or advising third parties whose interests are not aligned with those of the principal. A real estate broker offers services as agent in matters involving the sale, purchase, rental, and financing of real property.
The terms of the brokerage agreement determine the character of the services to be rendered as well as the broker's right to compensation in particular circumstances.
The Alabama Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal document used in the real estate industry to establish an arrangement between property owners (sellers) and real estate brokers. This agreement outlines the rights and obligations of both parties during the sale process. This exclusive listing agreement is designed to empower brokers to solicit co-brokers, which means the listing broker has the authority to collaborate with other brokers to find potential buyers for the property. By working together, brokers can maximize the exposure of the property to a wider pool of potential buyers, increasing the chances of a successful sale. Some relevant keywords associated with this agreement include: 1. Exclusive Sales Agency: This term indicates that the property owner has granted exclusive rights to a specific broker or brokerage firm to market and sell the property on their behalf. This exclusivity allows the broker to focus their efforts on selling the property without competition from other brokers. 2. Listing Agreement: This document is essentially a contract between the property owner and the listing broker, outlining the terms and conditions for marketing and selling the property. It covers aspects such as the listing price, broker's commission, property details, and duration of the agreement. 3. Real Property: Refers to land and any structures or improvements attached to it, including residential, commercial, or industrial properties. This agreement specifically applies to the sale of real property. 4. Brokers: Refers to licensed real estate professionals who act as intermediaries between property buyers and sellers. In the context of this agreement, brokers are authorized to represent the property owner and showcase the property to potential buyers. 5. Co-Brokers: Co-brokers are other real estate professionals who can assist the listing broker in marketing and selling the property. They may bring their own potential buyers or collaborate with the listing broker to attract more buyers. This agreement allows the listing broker to solicit co-brokers and share the commission with them if they bring a successful buyer. Different types of Alabama Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers may include variations in terms and conditions, duration of the agreement, commission rates, and any additional provisions agreed upon by the parties involved. It is important for both sellers and brokers to carefully review the agreement and negotiate any terms that best suit their needs.The Alabama Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal document used in the real estate industry to establish an arrangement between property owners (sellers) and real estate brokers. This agreement outlines the rights and obligations of both parties during the sale process. This exclusive listing agreement is designed to empower brokers to solicit co-brokers, which means the listing broker has the authority to collaborate with other brokers to find potential buyers for the property. By working together, brokers can maximize the exposure of the property to a wider pool of potential buyers, increasing the chances of a successful sale. Some relevant keywords associated with this agreement include: 1. Exclusive Sales Agency: This term indicates that the property owner has granted exclusive rights to a specific broker or brokerage firm to market and sell the property on their behalf. This exclusivity allows the broker to focus their efforts on selling the property without competition from other brokers. 2. Listing Agreement: This document is essentially a contract between the property owner and the listing broker, outlining the terms and conditions for marketing and selling the property. It covers aspects such as the listing price, broker's commission, property details, and duration of the agreement. 3. Real Property: Refers to land and any structures or improvements attached to it, including residential, commercial, or industrial properties. This agreement specifically applies to the sale of real property. 4. Brokers: Refers to licensed real estate professionals who act as intermediaries between property buyers and sellers. In the context of this agreement, brokers are authorized to represent the property owner and showcase the property to potential buyers. 5. Co-Brokers: Co-brokers are other real estate professionals who can assist the listing broker in marketing and selling the property. They may bring their own potential buyers or collaborate with the listing broker to attract more buyers. This agreement allows the listing broker to solicit co-brokers and share the commission with them if they bring a successful buyer. Different types of Alabama Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers may include variations in terms and conditions, duration of the agreement, commission rates, and any additional provisions agreed upon by the parties involved. It is important for both sellers and brokers to carefully review the agreement and negotiate any terms that best suit their needs.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
