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.
Georgia Listing Agreement With A Broker Or Realtor To Sell Commercial Property Or Real Estate — Exclusive Listing is a legally binding contract between a property owner (also known as the "Principal") and a real estate broker or realtor (also known as the "Agent" or "Broker") in the state of Georgia. This agreement establishes an exclusive relationship between the Principal and the Agent, wherein the Agent is granted the sole authority and right to list, market, and sell the commercial property or real estate mentioned in the agreement. This exclusive listing arrangement restricts the Principal from entering into similar agreements with other brokers during the specified time period. The Georgia Listing Agreement typically contains detailed provisions about the property being listed, including its address, legal description, and any specific terms or conditions agreed upon by both parties. It also outlines the compensation structure for the Agent, including the commission rate or fee to be paid upon successful sale of the property. There are different types of Exclusive Listing agreements that can be utilized in Georgia, including: 1. Exclusive Agency Listing: In this type of agreement, the Agent is granted the exclusive right to market and sell the property, but the Principal retains the right to sell the property themselves without owing a commission to the Agent. However, if the property is sold by any other party introduced by the Agent, the commission will be paid to the Agent as per the agreed terms. 2. Exclusive Right to Sell Listing: Under this type of agreement, the Agent is granted the exclusive right to sell the property, and regardless of who finds the buyer (including the Principal), the Agent is entitled to the agreed-upon commission upon successful sale. 3. Net Listing: Although not recommended and often prohibited in some states, including Georgia, a net listing allows the Principal and Agent to agree on a fixed net price, where any amount over and above that price becomes the commission for the Agent. Such arrangements are generally considered risky and can lead to conflicts of interest. It's important for both parties involved in the Georgia Listing Agreement to carefully review and understand all the terms and conditions before signing. If there are any ambiguities or uncertainties, seeking legal counsel is advisable to ensure the agreement aligns with their respective goals and interests.
