A real estate brokerage agreement is a contract formed between a broker and their client. The brokerage agreement or broker agreement describes the duties that the broker has towards the client. It also lists the client's duties, such as the duty to pay the broker.
Los Angeles California Non-Exclusive Real Estate Brokerage Agreement is a legally binding contract entered into between a property owner (referred to as the "Principal") and a licensed real estate broker (referred to as the "Broker") for the purpose of facilitating the sale, lease, or exchange of a property located in Los Angeles, California. Keywords: Los Angeles California, non-exclusive, real estate brokerage agreement, property owner, licensed real estate broker, sale, lease, exchange, contract, Principal, Broker This agreement outlines the terms and conditions under which the Broker will represent the Principal in marketing, advertising, and negotiating the sale, lease, or exchange of the property. It serves as a framework to protect the rights and responsibilities of both parties involved in the real estate transaction. The Non-Exclusive Real Estate Brokerage Agreement grants the Broker the non-exclusive right to act as the Principal's representative in the real estate transaction. This means that the Principal is not limited to working exclusively with the Broker, and they may engage other brokers simultaneously to market and negotiate the sale or lease of the property. There may be different types of Non-Exclusive Real Estate Brokerage Agreements available in Los Angeles, California, based on the specific needs and preferences of the parties involved. These may include: 1. Standard Non-Exclusive Brokerage Agreement: This is a general agreement that outlines the basic terms and conditions for the representation of the Principal by the Broker. It covers marketing, advertising, and negotiating activities. 2. Exclusive Right to Sell Non-Exclusive Brokerage Agreement: In this type of agreement, the Principal grants the Broker the exclusive right to sell the property while still retaining the non-exclusive nature of the brokerage agreement. The Principal may still engage other brokers, but if the property is sold by any broker, including the Broker with the exclusive right to sell, the Principal must pay the agreed-upon commission. 3. Exclusive Right to Lease Non-Exclusive Brokerage Agreement: Similar to the Exclusive Right to Sell agreement, this type of agreement grants the Broker the exclusive right to lease the property while still allowing the Principal to engage other brokers. The Principal must pay the agreed-upon commission if the property is successfully leased by any broker, including the Broker with the exclusive right to lease. The Los Angeles California Non-Exclusive Real Estate Brokerage Agreement provides clarity and sets expectations regarding the roles, responsibilities, and obligations of both parties throughout the real estate transaction process. It covers key aspects such as commission calculations, termination clauses, and dispute resolution mechanisms. It is essential for both the Principal and the Broker to carefully review and understand the terms of the agreement before signing, ensuring that their respective interests are protected.
Los Angeles California Non-Exclusive Real Estate Brokerage Agreement is a legally binding contract entered into between a property owner (referred to as the "Principal") and a licensed real estate broker (referred to as the "Broker") for the purpose of facilitating the sale, lease, or exchange of a property located in Los Angeles, California. Keywords: Los Angeles California, non-exclusive, real estate brokerage agreement, property owner, licensed real estate broker, sale, lease, exchange, contract, Principal, Broker This agreement outlines the terms and conditions under which the Broker will represent the Principal in marketing, advertising, and negotiating the sale, lease, or exchange of the property. It serves as a framework to protect the rights and responsibilities of both parties involved in the real estate transaction. The Non-Exclusive Real Estate Brokerage Agreement grants the Broker the non-exclusive right to act as the Principal's representative in the real estate transaction. This means that the Principal is not limited to working exclusively with the Broker, and they may engage other brokers simultaneously to market and negotiate the sale or lease of the property. There may be different types of Non-Exclusive Real Estate Brokerage Agreements available in Los Angeles, California, based on the specific needs and preferences of the parties involved. These may include: 1. Standard Non-Exclusive Brokerage Agreement: This is a general agreement that outlines the basic terms and conditions for the representation of the Principal by the Broker. It covers marketing, advertising, and negotiating activities. 2. Exclusive Right to Sell Non-Exclusive Brokerage Agreement: In this type of agreement, the Principal grants the Broker the exclusive right to sell the property while still retaining the non-exclusive nature of the brokerage agreement. The Principal may still engage other brokers, but if the property is sold by any broker, including the Broker with the exclusive right to sell, the Principal must pay the agreed-upon commission. 3. Exclusive Right to Lease Non-Exclusive Brokerage Agreement: Similar to the Exclusive Right to Sell agreement, this type of agreement grants the Broker the exclusive right to lease the property while still allowing the Principal to engage other brokers. The Principal must pay the agreed-upon commission if the property is successfully leased by any broker, including the Broker with the exclusive right to lease. The Los Angeles California Non-Exclusive Real Estate Brokerage Agreement provides clarity and sets expectations regarding the roles, responsibilities, and obligations of both parties throughout the real estate transaction process. It covers key aspects such as commission calculations, termination clauses, and dispute resolution mechanisms. It is essential for both the Principal and the Broker to carefully review and understand the terms of the agreement before signing, ensuring that their respective interests are protected.
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.