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.
A Wake North Carolina Non-Exclusive Real Estate Brokerage Agreement is a legal contract that outlines the terms and conditions between a person looking to sell or buy a property (referred to as the "principal") and a non-exclusive real estate brokerage firm (referred to as the "brokerage"). This agreement allows the brokerage to represent the principal during the real estate transaction. The Wake North Carolina Non-Exclusive Real Estate Brokerage Agreement serves as a binding document that details the responsibilities and obligations of both parties involved. It typically includes the following key clauses: 1. Identification of Parties: The agreement starts by clearly identifying the principal and the brokerage, stating their legal names and addresses. 2. Exclusive Representation: This clause clarifies that the brokerage acts as a non-exclusive agent for the principal. It means that the principal has the freedom to engage other brokerages simultaneously to market their property or identify potential purchases. 3. Scope of Services: This section outlines the specific services the brokerage will provide to the principal, such as marketing the property, conducting showings, negotiating with potential buyers, or assisting in property searches for buyers. 4. Listing Terms: If the principal is looking to sell a property, this clause defines the terms of the listing, including the listing price, duration, commission rate, and any other conditions the principal may require. 5. Compensation and Expenses: This section covers the commission structure, outlining how and when the brokerage will be compensated and determines who will be responsible for certain expenses, such as marketing costs, legal fees, or property inspections. 6. Termination Clause: This clause outlines the conditions under which either party can terminate the agreement, including notice periods and any associated penalties or obligations. 7. Confidentiality and Privacy: This clause ensures that any sensitive or confidential information shared during the agreement remains protected and only used for the purposes of the transaction. Different types of Wake North Carolina Non-Exclusive Real Estate Brokerage Agreements may include variations in commission rates, marketing strategies, and specific terms. For example: 1. Residential Non-Exclusive Real Estate Brokerage Agreement: This agreement specifically caters to residential properties, outlining services related to buying or selling houses, condos, or apartments. 2. Commercial Non-Exclusive Real Estate Brokerage Agreement: This type focuses on commercial properties, including office spaces, retail units, warehouses, or industrial properties. It may include clauses tailored to the unique nature of commercial real estate transactions. 3. Land Non-Exclusive Real Estate Brokerage Agreement: This agreement concentrates on the sale or purchase of vacant land or lots and can address specific considerations related to land development, zoning, or land use restrictions. By ensuring the use of relevant keywords like "Wake North Carolina," "Non-Exclusive," "Real Estate Brokerage Agreement," and specifying different types of agreements, this content aims to provide a comprehensive understanding of what a Wake North Carolina Non-Exclusive Real Estate Brokerage Agreement entails.
A Wake North Carolina Non-Exclusive Real Estate Brokerage Agreement is a legal contract that outlines the terms and conditions between a person looking to sell or buy a property (referred to as the "principal") and a non-exclusive real estate brokerage firm (referred to as the "brokerage"). This agreement allows the brokerage to represent the principal during the real estate transaction. The Wake North Carolina Non-Exclusive Real Estate Brokerage Agreement serves as a binding document that details the responsibilities and obligations of both parties involved. It typically includes the following key clauses: 1. Identification of Parties: The agreement starts by clearly identifying the principal and the brokerage, stating their legal names and addresses. 2. Exclusive Representation: This clause clarifies that the brokerage acts as a non-exclusive agent for the principal. It means that the principal has the freedom to engage other brokerages simultaneously to market their property or identify potential purchases. 3. Scope of Services: This section outlines the specific services the brokerage will provide to the principal, such as marketing the property, conducting showings, negotiating with potential buyers, or assisting in property searches for buyers. 4. Listing Terms: If the principal is looking to sell a property, this clause defines the terms of the listing, including the listing price, duration, commission rate, and any other conditions the principal may require. 5. Compensation and Expenses: This section covers the commission structure, outlining how and when the brokerage will be compensated and determines who will be responsible for certain expenses, such as marketing costs, legal fees, or property inspections. 6. Termination Clause: This clause outlines the conditions under which either party can terminate the agreement, including notice periods and any associated penalties or obligations. 7. Confidentiality and Privacy: This clause ensures that any sensitive or confidential information shared during the agreement remains protected and only used for the purposes of the transaction. Different types of Wake North Carolina Non-Exclusive Real Estate Brokerage Agreements may include variations in commission rates, marketing strategies, and specific terms. For example: 1. Residential Non-Exclusive Real Estate Brokerage Agreement: This agreement specifically caters to residential properties, outlining services related to buying or selling houses, condos, or apartments. 2. Commercial Non-Exclusive Real Estate Brokerage Agreement: This type focuses on commercial properties, including office spaces, retail units, warehouses, or industrial properties. It may include clauses tailored to the unique nature of commercial real estate transactions. 3. Land Non-Exclusive Real Estate Brokerage Agreement: This agreement concentrates on the sale or purchase of vacant land or lots and can address specific considerations related to land development, zoning, or land use restrictions. By ensuring the use of relevant keywords like "Wake North Carolina," "Non-Exclusive," "Real Estate Brokerage Agreement," and specifying different types of agreements, this content aims to provide a comprehensive understanding of what a Wake North Carolina Non-Exclusive Real Estate Brokerage Agreement entails.
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.