A Lima Arizona Co Brokerage Agreement refers to a legally binding contract that outlines the terms and conditions between two real estate brokerage firms or agents collaborating on a specific transaction within the Pima County area of Arizona. This agreement serves to establish the rights, responsibilities, and obligations of each party involved. Keywords: Lima Arizona, Co Brokerage Agreement, real estate brokerage, terms and conditions, collaboration, transaction, rights, responsibilities, obligations, parties. There are various types of Lima Arizona Co Brokerage Agreements, each tailored to different real estate scenarios. Here are some common types: 1. Exclusive Co Brokerage Agreement: This agreement grants exclusive rights to a single selected co-broker to represent the listing broker concerning a specific property or transaction. The exclusive co-broker is entitled to a predetermined commission, while other potential co-brokers are excluded from participating. 2. General Co Brokerage Agreement: This type of agreement allows multiple co-brokers or brokerage firms to participate in the marketing and sale of a property by sharing responsibilities and commissions. It provides a more inclusive approach, allowing for a broader network of agents to collaborate. 3. Referral Co Brokerage Agreement: The referral agreement is focused on recommending clients to another brokerage firm based on certain criteria such as territory, property type, or client preferences. In this arrangement, the referring brokerage receives a referral fee, while the receiving brokerage takes over the representation. 4. Limited Co Brokerage Agreement: This agreement is typically utilized when only specific aspects of a transaction require collaboration between two brokers or firms. It clearly defines the scope and limitations of the collaboration to avoid any confusion or potential disputes. 5. Commercial Co Brokerage Agreement: Specifically designed for commercial real estate transactions, this agreement outlines the terms and conditions surrounding the marketing, leasing, or sale of commercial properties. It covers areas such as commission splits, responsibilities, and the duration of the collaboration. In summary, a Lima Arizona Co Brokerage Agreement is a crucial legal document that governs the relationship between real estate brokerage firms or agents collaborating on a transaction. There are several types of agreements catering to various real estate scenarios, including exclusive, general, referral, limited, and commercial co brokerage agreements.
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.