This form grants to a realtor or broker the sole and exclusive right to list and show the property on one ocassionsell the commercial property described in the agreement. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Alabama Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a legal document that establishes a professional relationship between a property owner (referred to as the "Seller") and a licensed real estate broker or Realtor (referred to as the "Listing Broker"). This agreement allows the Listing Broker to act as the exclusive representative of the Seller in marketing, promoting, and negotiating the sale of their commercial property or real estate. Keywords: Alabama, Listing Agreement, Broker, Realtor, Sell, Commercial Property, Real Estate, Exclusive Listing. There are different types of Alabama Listing Agreements with a Broker or Realtor to sell commercial property or real estate, including: 1. Exclusive Right to Sell Listing: This type of agreement grants the Listing Broker exclusive rights to represent the Seller and market the property during the specified listing period. Regardless of who procures the eventual buyer, the Listing Broker is entitled to a commission upon the successful sale of the property. 2. Exclusive Agency Listing: Under an exclusive agency listing, the Listing Broker has exclusive rights to represent the Seller, but the Seller reserves the right to sell the property independently without incurring a commission to the Listing Broker. However, if the property is sold by any other agent or broker, the Listing Broker is entitled to a commission. 3. Net Listing: A net listing agreement allows the Seller to specify a desired net price for their property. The Listing Broker's commission is the difference between the net price and the actual sale price. Net listings are generally discouraged due to potential ethical concerns and conflicts of interest. It is important to note that the specific terms and conditions of an Alabama Listing Agreement with a Broker or Realtor may vary depending on the parties involved, the property type, and other factors. Some common provisions typically included in these agreements are: 1. Property Details: This includes a detailed description of the commercial property or real estate being listed, including its address, legal description, size, zoning, and any other relevant information. 2. Listing Price and Terms: The agreed-upon listing price and the desired terms for the sale are outlined in this section. It may include the desired closing date, financing options, seller concessions, and other applicable terms or conditions. 3. Listing Period: The duration of the listing agreement is specified, indicating the start and end dates within which the Listing Broker has exclusive representation rights. 4. Commission Agreement: The commission percentage or amount that the Seller will pay to the Listing Broker upon the successful sale of the property is detailed in this section. It may also specify how the commission will be split between the Listing Broker and any cooperating brokers involved in the transaction. 5. Marketing and Promotion: The listing agreement typically includes the Listing Broker's responsibilities for marketing and promoting the property, such as photography, advertising placements, virtual tours, signage, and other marketing strategies to attract potential buyers. 6. Seller's Obligations: The Seller's obligations, including the provision of accurate property information, maintenance and repairs, and granting access to the property for showings and inspections, are outlined in this section. 7. Termination: The circumstances under which either party may terminate the listing agreement before the listing period expires are typically included. This section may also outline the procedures for extending or renewing the listing agreement if desired. In conclusion, the Alabama Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a legally binding document that establishes the professional relationship between a property owner and a licensed real estate professional. It outlines the rights, responsibilities, and expectations of both parties during the process of marketing, negotiating, and selling the property.
