Maricopa Arizona Exclusive Agency or Agent Agreement — Real Estate – Realtor Contract is a legally binding agreement designed to establish a professional relationship between a real estate agent and a client. This agreement outlines the terms and conditions under which the agent will exclusively represent the client in buying, selling, or leasing real estate properties in Maricopa, Arizona. The Exclusive Agency or Agent Agreement grants the real estate agent the sole right to represent the client in their real estate transactions within a specified period. This means that during the term of the agreement, the client cannot engage another agent or broker to work on their behalf. The contract clearly defines the responsibilities and obligations of both parties. The real estate agent agrees to provide professional services, including property searches, market analysis, negotiation assistance, property showings, and other necessary tasks related to the real estate transaction. On the client's part, they agree to work exclusively with the designated agent and refrain from seeking assistance from other agents or conducting independent negotiations with sellers or landlords. However, the client retains the right to handle any transaction directly if it involves a property not introduced by the agent during the agreement term. Maricopa Arizona offers different types of Exclusive Agency or Agent Agreements to cater to the diverse needs of clients and agents. Some common types include: 1. Exclusive Right to Sell Agreement: This agreement grants the agent the exclusive right to represent the client in selling a property. The agent is entitled to a commission regardless of who finds the buyer. 2. Exclusive Right to Lease Agreement: This agreement allows the agent to exclusively represent the client in leasing a property. The agent helps in marketing the property, finding tenants, and negotiating lease terms. 3. Buyer Agency Agreement: With this agreement, the agent exclusively represents the buyer in acquiring desired properties. The agent assists in property searches, negotiating purchase terms, and overseeing the transaction process. 4. Dual Agency Agreement: In a dual agency agreement, the real estate agent represents both the buyer and the seller in the same transaction. However, this type of agreement must comply with Arizona's laws and regulations, which require full disclosure to both parties. It is crucial for both clients and real estate agents to carefully review and understand the terms and conditions outlined in the Maricopa Arizona Exclusive Agency or Agent Agreement. It is recommended to consult with a real estate attorney or seek professional advice before entering into such contracts to ensure compliance with local laws and protect the interests of all parties involved.
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.