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 Guam Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding contract that outlines the agreement between a property owner and a real estate brokerage firm in Guam. This agreement grants the brokerage firm the exclusive right and authority to market and sell the property on behalf of the owner. In return, the owner agrees to compensate the broker with a predetermined commission upon the successful sale of the property. The agreement establishes the terms and conditions under which the brokerage firm will represent the owner. It typically includes the property details, such as the address, legal description, and any specific features or amenities. The agreement also specifies the duration of the exclusive agency period, during which the owner cannot engage any other broker to market the property. Keywords: Guam, exclusive sales agency, listing agreement, real property, brokers, solicit co-brokers, legally binding, property owner, real estate brokerage firm, marketing, compensation, commission, successful sale, terms and conditions, representation, property details, address, legal description, amenities, exclusive agency period, engage. There may be different types or variations of the Guam Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers, based on specific circumstances and the preferences of the parties involved. Some possible variations could include: 1. Exclusive Sales Agency Listing Agreement with Multiple Co-Brokers: This agreement allows the brokerage firm to engage multiple co-brokers to market and sell the property simultaneously. Each co-broker involved would represent the property owner and work alongside the primary brokerage firm. 2. Exclusive Sales Agency Listing Agreement with Designated Co-Brokers: In this type of agreement, the brokerage firm designates specific co-brokers or agents from their team to exclusively handle the marketing and sale of the property. The designated co-brokers are responsible for soliciting potential buyers and handling all aspects of the transaction. 3. Exclusive Sales Agency Listing Agreement with Non-Exclusive Co-Brokers: This agreement allows the brokerage firm to work with other brokers on a non-exclusive basis to market and sell the property. The owner retains the right to engage other brokers independently, while still providing the primary brokerage firm with exclusive rights to sell the property. It is essential for property owners and brokerage firms to carefully review and customize the agreement to meet their specific needs and objectives. Consulting with legal professionals experienced in Guam real estate laws and regulations is recommended to ensure the agreement complies with local legal requirements and adequately protects the interests of both parties.The Guam Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding contract that outlines the agreement between a property owner and a real estate brokerage firm in Guam. This agreement grants the brokerage firm the exclusive right and authority to market and sell the property on behalf of the owner. In return, the owner agrees to compensate the broker with a predetermined commission upon the successful sale of the property. The agreement establishes the terms and conditions under which the brokerage firm will represent the owner. It typically includes the property details, such as the address, legal description, and any specific features or amenities. The agreement also specifies the duration of the exclusive agency period, during which the owner cannot engage any other broker to market the property. Keywords: Guam, exclusive sales agency, listing agreement, real property, brokers, solicit co-brokers, legally binding, property owner, real estate brokerage firm, marketing, compensation, commission, successful sale, terms and conditions, representation, property details, address, legal description, amenities, exclusive agency period, engage. There may be different types or variations of the Guam Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers, based on specific circumstances and the preferences of the parties involved. Some possible variations could include: 1. Exclusive Sales Agency Listing Agreement with Multiple Co-Brokers: This agreement allows the brokerage firm to engage multiple co-brokers to market and sell the property simultaneously. Each co-broker involved would represent the property owner and work alongside the primary brokerage firm. 2. Exclusive Sales Agency Listing Agreement with Designated Co-Brokers: In this type of agreement, the brokerage firm designates specific co-brokers or agents from their team to exclusively handle the marketing and sale of the property. The designated co-brokers are responsible for soliciting potential buyers and handling all aspects of the transaction. 3. Exclusive Sales Agency Listing Agreement with Non-Exclusive Co-Brokers: This agreement allows the brokerage firm to work with other brokers on a non-exclusive basis to market and sell the property. The owner retains the right to engage other brokers independently, while still providing the primary brokerage firm with exclusive rights to sell the property. It is essential for property owners and brokerage firms to carefully review and customize the agreement to meet their specific needs and objectives. Consulting with legal professionals experienced in Guam real estate laws and regulations is recommended to ensure the agreement complies with local legal requirements and adequately protects the interests of both parties.
