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.
Fairfax Virginia Exclusive Sales Agency Listing Agreement is a legal document that outlines the terms and conditions under which a seller agrees to grant an exclusive right to a broker or real estate agency to sell their property within a specified timeframe. This agreement is specifically designed for Fairfax, Virginia, and is used when the property owner wants to market their property exclusively through one brokerage, with the option to solicit co-brokers. This agreement establishes a professional relationship between the seller and the broker, detailing the responsibilities and obligations of both parties. Here are some of the key elements typically included in a Fairfax Virginia Exclusive Sales Agency Listing Agreement: 1. Property Details: The agreement includes a thorough description of the property being listed for sale, including its address, legal description, and any relevant features or amenities. 2. Listing Price: The agreement specifies the desired listing price for the property, which is determined by the seller and the broker based on market analysis, comparable properties, and the property's unique characteristics. 3. Exclusive Right to Sell: This agreement grants the broker an exclusive right to sell the property within a specific timeframe, ensuring that the seller cannot engage any other broker during this period. The broker is the sole authorized agent to market, advertise, and negotiate the sale of the property. 4. Co-Brokerage Provision: The agreement includes a provision allowing the broker to engage and solicit co-brokers, who can also market and show the property to potential buyers. This provision benefits the seller by expanding the pool of potential buyers who may have relationships with other brokers. 5. Commission Structure: The agreement outlines the commission structure, specifying the percentage or flat fee that the broker is entitled to upon the successful sale of the property. Details regarding the distribution of the commission in case of co-brokerage involvement are also included. 6. Listing Period: The agreement establishes the duration of the listing period, during which the broker has exclusive rights to sell the property. The length of the listing period is negotiable between the seller and the broker, typically ranging from 30 to 180 days. Different types or variations of Fairfax Virginia Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers may exist depending on specific requirements or circumstances. Some variations may include additional clauses related to marketing strategies, open houses, or any seller-specific requests. It is essential for both sellers and brokers to carefully review and customize the agreement to meet their particular needs and objectives. In conclusion, the Fairfax Virginia Exclusive Sales Agency Listing Agreement is a comprehensive legal document that governs the relationship between a seller and a broker for the sale of real property. It ensures that the broker has exclusive rights to market and sell the property, with the option to engage co-brokers. By using this agreement, sellers can benefit from the expertise and networking of the broker while expanding the reach of their property to potential buyers in Fairfax, Virginia.Fairfax Virginia Exclusive Sales Agency Listing Agreement is a legal document that outlines the terms and conditions under which a seller agrees to grant an exclusive right to a broker or real estate agency to sell their property within a specified timeframe. This agreement is specifically designed for Fairfax, Virginia, and is used when the property owner wants to market their property exclusively through one brokerage, with the option to solicit co-brokers. This agreement establishes a professional relationship between the seller and the broker, detailing the responsibilities and obligations of both parties. Here are some of the key elements typically included in a Fairfax Virginia Exclusive Sales Agency Listing Agreement: 1. Property Details: The agreement includes a thorough description of the property being listed for sale, including its address, legal description, and any relevant features or amenities. 2. Listing Price: The agreement specifies the desired listing price for the property, which is determined by the seller and the broker based on market analysis, comparable properties, and the property's unique characteristics. 3. Exclusive Right to Sell: This agreement grants the broker an exclusive right to sell the property within a specific timeframe, ensuring that the seller cannot engage any other broker during this period. The broker is the sole authorized agent to market, advertise, and negotiate the sale of the property. 4. Co-Brokerage Provision: The agreement includes a provision allowing the broker to engage and solicit co-brokers, who can also market and show the property to potential buyers. This provision benefits the seller by expanding the pool of potential buyers who may have relationships with other brokers. 5. Commission Structure: The agreement outlines the commission structure, specifying the percentage or flat fee that the broker is entitled to upon the successful sale of the property. Details regarding the distribution of the commission in case of co-brokerage involvement are also included. 6. Listing Period: The agreement establishes the duration of the listing period, during which the broker has exclusive rights to sell the property. The length of the listing period is negotiable between the seller and the broker, typically ranging from 30 to 180 days. Different types or variations of Fairfax Virginia Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers may exist depending on specific requirements or circumstances. Some variations may include additional clauses related to marketing strategies, open houses, or any seller-specific requests. It is essential for both sellers and brokers to carefully review and customize the agreement to meet their particular needs and objectives. In conclusion, the Fairfax Virginia Exclusive Sales Agency Listing Agreement is a comprehensive legal document that governs the relationship between a seller and a broker for the sale of real property. It ensures that the broker has exclusive rights to market and sell the property, with the option to engage co-brokers. By using this agreement, sellers can benefit from the expertise and networking of the broker while expanding the reach of their property to potential buyers in Fairfax, Virginia.
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.
