Broker Commercial Estate Without A License In Georgia

• Category: Real Estate - Brokers
• State: Multi-State
• Control #: US-00439BG
• Format: Word; Rich Text

Description

The Listing Agreement With A Broker Or Realtor To Sell Commercial Property Or Real Estate (Exclusive Listing) in Georgia is a legal document that formalizes the arrangement between a seller and a broker or realtor for selling commercial property. This agreement grants the agent exclusive rights to sell the designated property, specifying the property's details and the agreed sale price. It outlines the duration of the contract, typically ranging from several months to a year, and describes the terms of payment. The agreement ensures that all inquiries about the property are directed to the agent, who will handle negotiations and advertising. Importantly, the seller is obligated to pay a commission to the agent if a buyer is procured during or within 180 days after the agreement's termination. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions. It clarifies roles and responsibilities, ensuring both parties understand their obligations. Additionally, it helps streamline the selling process by ensuring that all parties agree on the terms before proceeding, thus minimizing disputes. The inclusion of a commission structure and advertising responsibilities makes it vital for real estate professionals to effectively market and sell property. Overall, this form supports clear communication and legal compliance in real estate practices.