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.
Middlesex Massachusetts Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal contract that establishes a working relationship between property owners/sellers and real estate brokers in Middlesex County, Massachusetts. This agreement grants exclusive rights to a single brokerage firm to represent the seller and handle the sale of their property. Under this agreement, the property owner agrees to grant the broker exclusive rights and authority to market and advertise the property for sale. This includes the promotion of the property through various channels like online listings, social media, print media, and open houses. The broker assumes the responsibility of showcasing the property's best features, attracting potential buyers, and negotiating favorable terms on behalf of the seller. The Middlesex Massachusetts Exclusive Sales Agency Listing Agreement ensures that the broker is the sole party responsible for procuring a buyer. However, it also permits the broker to solicit co-brokers or sub-agents to assist in the marketing and sale of the property. In such cases, the broker shares the commission with the co-broker in accordance with a predetermined compensation agreement. There may be different types or variations of the Middlesex Massachusetts Exclusive Sales Agency Listing Agreement. Some of them include: 1. Exclusive Right-to-Sell Listing Agreement: This type of agreement grants the chosen brokerage firm exclusive rights to sell the property. It offers the highest level of protection for the broker and may require the property owner to pay a commission, regardless of who procures the buyer. 2. Exclusive Agency Listing Agreement: This agreement also grants exclusive rights to a single brokerage firm but allows the property owner to sell the property on their own without paying a commission. If the seller finds a buyer independently, they are not obligated to compensate the broker. 3. Multiple Listing Agreement: This agreement allows the broker to list the property on multiple platforms, including local Multiple Listing Services (MLS), increasing exposure and the chances of finding a buyer. This type of agreement enables co-brokers from different firms to collaborate and share in the commission generated from the sale. In any of these variations, the Middlesex Massachusetts Exclusive Sales Agency Listing Agreement lays out the terms, duration, commission structure, and responsibilities of both the property seller and the real estate broker. It ensures a clear understanding of the relationship and protects the interests of all parties involved throughout the selling process.Middlesex Massachusetts Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal contract that establishes a working relationship between property owners/sellers and real estate brokers in Middlesex County, Massachusetts. This agreement grants exclusive rights to a single brokerage firm to represent the seller and handle the sale of their property. Under this agreement, the property owner agrees to grant the broker exclusive rights and authority to market and advertise the property for sale. This includes the promotion of the property through various channels like online listings, social media, print media, and open houses. The broker assumes the responsibility of showcasing the property's best features, attracting potential buyers, and negotiating favorable terms on behalf of the seller. The Middlesex Massachusetts Exclusive Sales Agency Listing Agreement ensures that the broker is the sole party responsible for procuring a buyer. However, it also permits the broker to solicit co-brokers or sub-agents to assist in the marketing and sale of the property. In such cases, the broker shares the commission with the co-broker in accordance with a predetermined compensation agreement. There may be different types or variations of the Middlesex Massachusetts Exclusive Sales Agency Listing Agreement. Some of them include: 1. Exclusive Right-to-Sell Listing Agreement: This type of agreement grants the chosen brokerage firm exclusive rights to sell the property. It offers the highest level of protection for the broker and may require the property owner to pay a commission, regardless of who procures the buyer. 2. Exclusive Agency Listing Agreement: This agreement also grants exclusive rights to a single brokerage firm but allows the property owner to sell the property on their own without paying a commission. If the seller finds a buyer independently, they are not obligated to compensate the broker. 3. Multiple Listing Agreement: This agreement allows the broker to list the property on multiple platforms, including local Multiple Listing Services (MLS), increasing exposure and the chances of finding a buyer. This type of agreement enables co-brokers from different firms to collaborate and share in the commission generated from the sale. In any of these variations, the Middlesex Massachusetts Exclusive Sales Agency Listing Agreement lays out the terms, duration, commission structure, and responsibilities of both the property seller and the real estate broker. It ensures a clear understanding of the relationship and protects the interests of all parties involved throughout the selling 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.
