A Maine Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legal contract between a property owner (seller) and a licensed real estate broker or agent (realtor) in the state of Maine. This agreement outlines the terms and conditions under which the realtor has the exclusive right to market and sell the seller's commercial property or real estate. The main purpose of this agreement is to establish a relationship between the seller and the realtor, wherein the realtor is given the sole authority and responsibility to represent the seller in the sale of their commercial property. This exclusive right to sell gives the realtor a certain level of exclusivity and control over the marketing and selling process. This agreement is designed to protect both parties involved. It ensures that the seller works with a dedicated and professional realtor who will actively market and promote the property to potential buyers. In return, the realtor is granted the right to receive a commission upon the successful sale of the property. The Maine Listing Agreement may include various provisions and clauses, such as: 1. Identification of the property: The agreement specifies the details of the commercial property being listed, including its address, legal description, and any unique features or amenities. 2. Exclusive right to sell: The agreement states that the realtor has the exclusive right to market and sell the property on behalf of the seller. This means that the seller cannot hire any other brokers or realtors during the term of the agreement. 3. Listing period: The agreement defines the duration for which the realtor has the exclusive right to sell the property. This period is typically negotiable and can vary depending on the needs and preferences of the seller. 4. Listing price and terms: The agreement outlines the initial listing price for the property and any specific terms or conditions set by the seller. This may include seller financing options, leaseback provisions, or other relevant details. 5. Commission structure: The agreement specifies the amount or percentage of the commission that the realtor will receive upon the sale of the property. This is typically a percentage of the final sale price and may be subject to negotiation. Different types of Maine Listing Agreements may exist, such as: 1. Exclusive agency listing: In this type of agreement, the seller retains the right to sell the property themselves without owing a commission to the realtor. However, if the realtor brings a buyer who eventually purchases the property, they are entitled to receive the agreed-upon commission. 2. Open listing: In an open listing agreement, the seller can work with multiple realtors simultaneously. The realtor who brings a buyer and successfully closes the sale is the only one entitled to receive a commission. 3. Net listing: This type of agreement involves the realtor agreeing to sell the property for a specific amount above a certain net price. The excess amount is retained by the realtor as their commission. It is advisable for both the seller and the realtor to carefully review and understand the terms and conditions of the Maine Listing Agreement before signing. Consulting with legal professionals or real estate experts can be helpful in ensuring that the agreement meets their respective needs and protects their interests.
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.