Franklin Ohio Agency Agreement with Agent for Owner of Real Estate Development Project is a legal contract that outlines the terms and conditions between an owner of a real estate development project in Franklin, Ohio and an agent who is authorized to act on behalf of the owner in various aspects related to the project. This agreement ensures a clear understanding of the roles, responsibilities, and expectations of both parties involved in the real estate development project. Keywords: Franklin Ohio, Agency Agreement, Agent, Owner, Real Estate, Development Project There are different types of Franklin Ohio Agency Agreements with Agents for Owners of Real Estate Development Projects, including: 1. Exclusive Agency Agreement — This type of agreement grants the agent the exclusive right to represent the owner and market the real estate development project. The owner cannot work with any other agents or brokers during the term of this agreement. 2. Non-Exclusive Agency Agreement — In this type of agreement, the owner can work with multiple agents simultaneously to market and sell the real estate development project. The agent's compensation is typically contingent upon the successful sale of the project. 3. Exclusive Right to Sell Agreement — This agreement gives the agent exclusive rights to represent the owner and market the real estate development project. The agent is entitled to a commission regardless of whether the property is sold by the agent or another party during the term of the agreement. 4. Exclusive Agency to Lease Agreement — This agreement is specific to leasing a real estate development project. It grants the agent exclusive rights to represent the owner in leasing the property and finding suitable tenants. 5. Open Listing Agreement — This type of agreement allows the owner to work with multiple agents simultaneously, and the agent who brings a suitable buyer or tenant is entitled to the commission. The owner also has the right to sell or lease the property independently without owing any commission to any agent. The Franklin Ohio Agency Agreement with Agent for Owner of Real Estate Development Project should include provisions regarding the scope of the agent's authority, compensation structure, duration of the agreement, termination clauses, confidentiality, and dispute resolution mechanisms. It is essential for both parties to consult with legal professionals to ensure the agreement meets their specific needs and protects their interests.
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.