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.
Los Angeles, California Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding contract between a property owner (the "Seller") and a real estate brokerage firm (the "Listing Broker"). This agreement outlines the terms and conditions under which the Listing Broker will act as the exclusive agent for the Seller in the sale of their property. The primary objective of this agreement is for the Listing Broker to secure a buyer for the Seller's property and earn a commission upon a successful sale. The agreement grants the Listing Broker the exclusive right to market and advertise the property, solicit potential buyers, and negotiate offers on behalf of the Seller. Keywords: Los Angeles, California, Exclusive Sales Agency, Listing Agreement, Real Property, Brokers, Solicit Co-Brokers There are several types of Los Angeles, California Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers, each catering to specific requirements or preferences: 1. Standard Exclusive Sales Agency Listing Agreement: This is the most commonly used type of agreement, where the Listing Broker has the exclusive right to represent the Seller for a specified period. The agreement typically includes details about the commission, listing term, and marketing strategies. 2. Limited Exclusive Sales Agency Listing Agreement: This type of agreement restricts the exclusivity of the Listing Broker to a certain geographic area, property type, or a specific group of buyers. The Seller retains the right to sell the property independently or through other brokers outside the specified restrictions. 3. Open Exclusive Sales Agency Listing Agreement: In this type of agreement, the Seller reserves the right to work with multiple brokers simultaneously. The Listing Broker's exclusivity extends only to the efforts and marketing performed by them, while the Seller can list the property with other brokers or even sell it privately. 4. Exclusive Sales Agency Listing Agreement with Co-Brokerage: This agreement allows the Listing Broker to collaborate with other brokers (co-brokers) when it comes to marketing, advertising, and presenting the property to potential buyers. Any resulting commission is divided among the Listing Broker and co-brokers according to a predetermined split. 5. Commercial Exclusive Sales Agency Listing Agreement: This specialized agreement is tailored for the sale of commercial real estate properties, such as office buildings, retail spaces, or industrial premises. It considers specific regulations, investment potential, and marketing strategies unique to the commercial real estate market. In summary, the Los Angeles, California Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a crucial contract that ensures a cooperative and productive relationship between the Seller and the Listing Broker. By clearly defining the rights, responsibilities, and limitations of both parties, this agreement facilitates a smoother and more efficient sales process.Los Angeles, California Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding contract between a property owner (the "Seller") and a real estate brokerage firm (the "Listing Broker"). This agreement outlines the terms and conditions under which the Listing Broker will act as the exclusive agent for the Seller in the sale of their property. The primary objective of this agreement is for the Listing Broker to secure a buyer for the Seller's property and earn a commission upon a successful sale. The agreement grants the Listing Broker the exclusive right to market and advertise the property, solicit potential buyers, and negotiate offers on behalf of the Seller. Keywords: Los Angeles, California, Exclusive Sales Agency, Listing Agreement, Real Property, Brokers, Solicit Co-Brokers There are several types of Los Angeles, California Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers, each catering to specific requirements or preferences: 1. Standard Exclusive Sales Agency Listing Agreement: This is the most commonly used type of agreement, where the Listing Broker has the exclusive right to represent the Seller for a specified period. The agreement typically includes details about the commission, listing term, and marketing strategies. 2. Limited Exclusive Sales Agency Listing Agreement: This type of agreement restricts the exclusivity of the Listing Broker to a certain geographic area, property type, or a specific group of buyers. The Seller retains the right to sell the property independently or through other brokers outside the specified restrictions. 3. Open Exclusive Sales Agency Listing Agreement: In this type of agreement, the Seller reserves the right to work with multiple brokers simultaneously. The Listing Broker's exclusivity extends only to the efforts and marketing performed by them, while the Seller can list the property with other brokers or even sell it privately. 4. Exclusive Sales Agency Listing Agreement with Co-Brokerage: This agreement allows the Listing Broker to collaborate with other brokers (co-brokers) when it comes to marketing, advertising, and presenting the property to potential buyers. Any resulting commission is divided among the Listing Broker and co-brokers according to a predetermined split. 5. Commercial Exclusive Sales Agency Listing Agreement: This specialized agreement is tailored for the sale of commercial real estate properties, such as office buildings, retail spaces, or industrial premises. It considers specific regulations, investment potential, and marketing strategies unique to the commercial real estate market. In summary, the Los Angeles, California Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a crucial contract that ensures a cooperative and productive relationship between the Seller and the Listing Broker. By clearly defining the rights, responsibilities, and limitations of both parties, this agreement facilitates a smoother and more efficient sales process.
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.
