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.
The California Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding document that outlines the terms and conditions under which a seller grants an exclusive right to sell their property to a real estate broker or agent in California. This agreement allows the broker to solicit other cooperating brokers to assist with the sale of the property. Here are some relevant keywords and aspects to consider when discussing this type of listing agreement: 1. California Exclusive Sales Agency Listing Agreement: The agreement is specific to California and adheres to state laws and regulations regarding real estate transactions. 2. Real Property: This refers to any land, buildings, or improvements that are included in the sale. It could be residential, commercial, or even vacant land. 3. Brokers: These are licensed individuals or firms who act as intermediaries between buyers and sellers in real estate transactions. In this agreement, the seller grants exclusive rights to a specific broker to market and sell the property. 4. Exclusive Right to Sell: The seller grants the chosen broker the exclusive right to represent and market the property for a specified period. This means that only the broker or their affiliated agents can represent the property and earn a commission upon its sale. 5. Co-Brokers: The agreement also allows the broker to solicit other licensed brokers or agents to cooperate in the marketing and sale of the property. These cooperating brokers can bring potential buyers to the table, expanding the reach and visibility of the property. 6. Listing Period: The agreement specifies the duration of the listing, typically ranging from a few months to a year. During this period, the seller cannot engage any other broker to market the property, ensuring the exclusivity of the arrangement. 7. Commission and Compensation: The agreement defines the commission structure, which is usually a percentage of the final sale price. The commission is usually split between the listing broker and any cooperating brokers involved in the sale. It's important to note that there may be different variations or variations of this agreement, such as variations for residential properties, commercial properties, or specific types of transactions (e.g., short sales). Each variation might have its own specific clauses and terms tailored to the particular context it applies to.The California Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding document that outlines the terms and conditions under which a seller grants an exclusive right to sell their property to a real estate broker or agent in California. This agreement allows the broker to solicit other cooperating brokers to assist with the sale of the property. Here are some relevant keywords and aspects to consider when discussing this type of listing agreement: 1. California Exclusive Sales Agency Listing Agreement: The agreement is specific to California and adheres to state laws and regulations regarding real estate transactions. 2. Real Property: This refers to any land, buildings, or improvements that are included in the sale. It could be residential, commercial, or even vacant land. 3. Brokers: These are licensed individuals or firms who act as intermediaries between buyers and sellers in real estate transactions. In this agreement, the seller grants exclusive rights to a specific broker to market and sell the property. 4. Exclusive Right to Sell: The seller grants the chosen broker the exclusive right to represent and market the property for a specified period. This means that only the broker or their affiliated agents can represent the property and earn a commission upon its sale. 5. Co-Brokers: The agreement also allows the broker to solicit other licensed brokers or agents to cooperate in the marketing and sale of the property. These cooperating brokers can bring potential buyers to the table, expanding the reach and visibility of the property. 6. Listing Period: The agreement specifies the duration of the listing, typically ranging from a few months to a year. During this period, the seller cannot engage any other broker to market the property, ensuring the exclusivity of the arrangement. 7. Commission and Compensation: The agreement defines the commission structure, which is usually a percentage of the final sale price. The commission is usually split between the listing broker and any cooperating brokers involved in the sale. It's important to note that there may be different variations or variations of this agreement, such as variations for residential properties, commercial properties, or specific types of transactions (e.g., short sales). Each variation might have its own specific clauses and terms tailored to the particular context it applies to.
