A broker is an agent who bargains or conducts negotiations for and on behalf of a person he or she represents, called a principal. The broker acts as an intermediary between the principal and third persons in the acquisition of contractual rights or the sale or purchase of property, and receives a commission or brokerage fee for his or her services. A broker has a duty to act in the principal's interest and not gain personal advantage at the principal's expense. The broker must avoid conflicts of interest that may arise in performing duties for or advising third parties whose interests are not aligned with those of the principal. A real estate broker offers services as agent in matters involving the sale, purchase, rental, and financing of real property.
The terms of the brokerage agreement determine the character of the services to be rendered as well as the broker's right to compensation in particular circumstances.
Alaska Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal contract established between a property owner (the "principal") and a real estate broker or agency (the "listing broker"). This agreement authorizes the listing broker to act as the exclusive agent for the sale of the property and grants them the right to solicit the services of co-brokers. The purpose of the Alaska Exclusive Sales Agency Listing Agreement is to provide a transparent and mutually agreed upon framework for the marketing and sale of real property. This agreement is commonly entered into by property owners who seek professional assistance in selling their property and wish to maximize its exposure through the network of brokers. Keywords: Alaska, Exclusive Sales Agency Listing Agreement, real property, brokers, co-brokers, solicitation, marketing, sale, property owners, professional assistance, exposure, network. Different types of Alaska Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers may include variations such as: 1. Exclusive Right to Sell Agreement: This type of agreement grants the listing broker exclusive rights to sell the property within a specified duration. The owner cannot directly sell the property during the agreement term, even if they find a buyer themselves. 2. Exclusive Agency Agreement: In this type of agreement, the listing broker has exclusive rights to market the property, but the owner retains the right to sell the property independently without paying a commission to the listing broker, provided they are not represented by any other broker. 3. Multiple Listing Service Agreement (MLS): This agreement allows the listing broker to submit the property information to a Multiple Listing Service, which is a database shared among real estate brokers. It significantly expands the property's exposure to potential buyers represented by other brokers. 4. Open Listing Agreement: This agreement allows the property owner to list the property with multiple brokers simultaneously, while still reserving the right to sell the property independently. The broker who procures the buyer is entitled to a commission. 5. Net Listing Agreement: This agreement specifies a minimum acceptable price for the property, and any amount exceeding this price becomes the commission for the listing broker. However, net listing agreements are not commonly used and may be subject to legal restrictions in various states. In summary, the Alaska Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a comprehensive contract that governs the relationship between a property owner and a listing broker. It outlines the responsibilities, rights, and obligations of both parties while ensuring the property is effectively marketed to potential buyers within Alaska and beyond.Alaska Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal contract established between a property owner (the "principal") and a real estate broker or agency (the "listing broker"). This agreement authorizes the listing broker to act as the exclusive agent for the sale of the property and grants them the right to solicit the services of co-brokers. The purpose of the Alaska Exclusive Sales Agency Listing Agreement is to provide a transparent and mutually agreed upon framework for the marketing and sale of real property. This agreement is commonly entered into by property owners who seek professional assistance in selling their property and wish to maximize its exposure through the network of brokers. Keywords: Alaska, Exclusive Sales Agency Listing Agreement, real property, brokers, co-brokers, solicitation, marketing, sale, property owners, professional assistance, exposure, network. Different types of Alaska Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers may include variations such as: 1. Exclusive Right to Sell Agreement: This type of agreement grants the listing broker exclusive rights to sell the property within a specified duration. The owner cannot directly sell the property during the agreement term, even if they find a buyer themselves. 2. Exclusive Agency Agreement: In this type of agreement, the listing broker has exclusive rights to market the property, but the owner retains the right to sell the property independently without paying a commission to the listing broker, provided they are not represented by any other broker. 3. Multiple Listing Service Agreement (MLS): This agreement allows the listing broker to submit the property information to a Multiple Listing Service, which is a database shared among real estate brokers. It significantly expands the property's exposure to potential buyers represented by other brokers. 4. Open Listing Agreement: This agreement allows the property owner to list the property with multiple brokers simultaneously, while still reserving the right to sell the property independently. The broker who procures the buyer is entitled to a commission. 5. Net Listing Agreement: This agreement specifies a minimum acceptable price for the property, and any amount exceeding this price becomes the commission for the listing broker. However, net listing agreements are not commonly used and may be subject to legal restrictions in various states. In summary, the Alaska Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a comprehensive contract that governs the relationship between a property owner and a listing broker. It outlines the responsibilities, rights, and obligations of both parties while ensuring the property is effectively marketed to potential buyers within Alaska and beyond.
