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 Georgia Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding contract between a property owner and a real estate agency in Georgia. This agreement allows the agency to represent the owner exclusively in the sale of their property, while also giving the agency the right to solicit and work with co-brokers. Keywords: Georgia, exclusive sales agency listing agreement, real property, brokers, co-brokers. This agreement outlines important details such as the duration of the agreement, the listing price of the property, and the commission structure. It is essential for both the property owner and the real estate agency to understand the terms and conditions specified in this agreement. In Georgia, there are various types of Exclusive Sales Agency Listing Agreements for Sale of Real Property with Brokers to Solicit Co-Brokers: 1. General Exclusive Sales Agency Listing Agreement: In this type of agreement, the property owner grants exclusive rights to a specific real estate agency to market and sell their property. The agency has the authority to solicit co-brokers, meaning they can work with other real estate professionals to find potential buyers for the property. 2. Limited Exclusive Sales Agency Listing Agreement: In this agreement, the property owner gives exclusive rights to one real estate agency for a limited period. During this time, the agency can solicit co-brokers to assist in the sale of the property. However, the property owner retains the right to sell the property independently without involving any brokers. 3. Exclusive Right to Sell Listing Agreement: Although not a variant specifically mentioned in the given keywords, it is worth noting as a common type. This agreement gives exclusive rights to a single real estate agency, with no co-brokers involvement, to market and sell the property. The property owner agrees to pay a commission to the agency, regardless of who procures the buyer for the property. It is crucial for property owners and real estate agencies to carefully consider the terms and conditions specified in the Georgia Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers. Seeking legal advice is advisable to ensure compliance with Georgia real estate regulations and to protect the interests of all parties involved.
