Arizona Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate

• Category: Real Estate - Brokers
• State: Multi-State
• Control #: US-00440BG
• Format: Word

Description

This is a very straight forward form that grants to a realtor or broker the sole and exclusive right to sell the commercial property described in the agreement. It contains some warranties by Owner that the Owner's title is marketable. In Arizona, a Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legal contract between a property owner (the seller) and a licensed real estate broker or agent. This agreement is commonly used when a property owner wishes to sell their commercial property and delegates the responsibility of marketing and selling the property exclusively to a broker or realtor. The exclusive right to sell agreement grants the broker or realtor the sole and exclusive authority to act as the seller's representative for the purpose of selling the commercial property. This means that the seller cannot engage another broker or agent to market or sell the property during the term of the agreement. The exclusive nature of this agreement allows the appointed broker or realtor to focus their efforts, resources, and expertise on effectively marketing the property and finding potential buyers. The Arizona Listing Agreement outlines several essential terms and conditions. These often include the property's description, address, legal identification, and any specific provisions relating to the sale, such as zoning restrictions or special features of the property. The agreement also covers the duration of the exclusive right, typically for a specific period agreed upon by both parties. One common type of Arizona Listing Agreement is the exclusive agency listing agreement. Under this agreement, the property owner retains the right to find a buyer on their own, without the involvement of the broker or realtor. However, if the broker or realtor successfully introduces a buyer during the term of the agreement, they are entitled to a commission. This type of agreement is less common for commercial real estate transactions. Another type of agreement is the exclusive right to sell listing agreement, which is the most commonly used agreement for commercial real estate. Unlike the exclusive agency agreement, the exclusive right to sell agreement grants the broker or realtor the exclusive right to a commission, regardless of who procures the buyer. This means that if the property is sold during the term of the agreement, regardless of whether the buyer was found by the broker or realtor, the agreed-upon commission is owed to the broker or realtor. It is crucial for both parties to carefully review and fully understand the terms of the Arizona Listing Agreement before signing. Sellers should ensure they have chosen a reputable and experienced broker or realtor who understands the commercial real estate market and has a proven track record of successful sales. The agreement should clearly outline the responsibilities and obligations of both parties, including any marketing strategies, listing prices, or additional costs that may be incurred during the sale process. Keywords: Arizona, listing agreement, broker, realtor, exclusive right, sell, commercial property, real estate, exclusive agency listing agreement, exclusive right to sell listing agreement, property owner, commission.

In Arizona, a Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legal contract between a property owner (the seller) and a licensed real estate broker or agent. This agreement is commonly used when a property owner wishes to sell their commercial property and delegates the responsibility of marketing and selling the property exclusively to a broker or realtor. The exclusive right to sell agreement grants the broker or realtor the sole and exclusive authority to act as the seller's representative for the purpose of selling the commercial property. This means that the seller cannot engage another broker or agent to market or sell the property during the term of the agreement. The exclusive nature of this agreement allows the appointed broker or realtor to focus their efforts, resources, and expertise on effectively marketing the property and finding potential buyers. The Arizona Listing Agreement outlines several essential terms and conditions. These often include the property's description, address, legal identification, and any specific provisions relating to the sale, such as zoning restrictions or special features of the property. The agreement also covers the duration of the exclusive right, typically for a specific period agreed upon by both parties. One common type of Arizona Listing Agreement is the exclusive agency listing agreement. Under this agreement, the property owner retains the right to find a buyer on their own, without the involvement of the broker or realtor. However, if the broker or realtor successfully introduces a buyer during the term of the agreement, they are entitled to a commission. This type of agreement is less common for commercial real estate transactions. Another type of agreement is the exclusive right to sell listing agreement, which is the most commonly used agreement for commercial real estate. Unlike the exclusive agency agreement, the exclusive right to sell agreement grants the broker or realtor the exclusive right to a commission, regardless of who procures the buyer. This means that if the property is sold during the term of the agreement, regardless of whether the buyer was found by the broker or realtor, the agreed-upon commission is owed to the broker or realtor. It is crucial for both parties to carefully review and fully understand the terms of the Arizona Listing Agreement before signing. Sellers should ensure they have chosen a reputable and experienced broker or realtor who understands the commercial real estate market and has a proven track record of successful sales. The agreement should clearly outline the responsibilities and obligations of both parties, including any marketing strategies, listing prices, or additional costs that may be incurred during the sale process. Keywords: Arizona, listing agreement, broker, realtor, exclusive right, sell, commercial property, real estate, exclusive agency listing agreement, exclusive right to sell listing agreement, property owner, commission.