The Kings New York Agreement and Release regarding Listing Agreement is a legally binding document that outlines the terms and conditions between a property owner and a real estate agent when listing a property for sale or rent in the state of New York. This agreement serves as a comprehensive guideline to protect the rights and interests of both parties involved in the property transaction. The Kings New York Agreement and Release regarding Listing Agreement cover various aspects such as the duration of the listing, the agreed-upon listing price, the agent's responsibilities, the property owner's obligations, and the commission structure. It ensures that all parties are aware of their rights, responsibilities, and liabilities involved during the duration of the listing agreement. Some key keywords relevant to this topic include: 1. Kings New York — This refers to the specific jurisdiction where the agreement is being executed, indicating that it is applicable only in the state of New York. 2. Agreement and Release — These terms highlight the legally binding nature of the document and imply that both parties mutually agree to the terms outlined in the agreement. 3. Listing Agreement — This refers to the contract between a property owner and a real estate agent, allowing the agent to market and represent the property for sale or rent. 4. Property owner — This term signifies the individual who holds legal ownership of the property and is seeking the services of a real estate agent to assist in its sale or rental. 5. Real estate agent — This refers to the professional who represents the property owner and undertakes the responsibility of marketing and negotiating the sale or rental of the property. 6. Terms and conditions — This refers to the specific requirements, obligations, and limitations that both parties must follow throughout the duration of the agreement. 7. Commission structure — This outlines the agreed-upon percentage or amount of compensation the agent will receive upon successfully completing the sale or rental of the property. While the name "Kings New York Agreement and Release regarding Listing Agreement" doesn't suggest different types of agreements, there may be variations in the terms and conditions based on specific circumstances or individual preferences. For instance, there can be separate agreements for residential and commercial properties, or different listing durations and commission structures. These variations are typically discussed and tailored to the needs of the property owner and the real estate agent 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.