Guam Listing Agreement with Broker for Leasing of Premises with Commission Agreement

• Category: Real Estate - Listing Agreements
• State: Multi-State
• Control #: US-0584BG
• Format: Word; Rich Text

Description

This form is a listing agreement with a broker for the leasing of real property and contains a commission agreement. Guam Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legal document that outlines the terms and conditions between a property owner (the landlord) and a real estate broker (the agent) for the leasing of premises in Guam. This agreement serves as a binding contract that specifies the responsibilities, obligations, and rights of both parties involved in the leasing process. The Guam Listing Agreement with Broker for Leasing of Premises with Commission Agreement includes several relevant keywords such as: 1. Guam: This keyword signifies that the agreement is specific to properties located in Guam, a U.S. territory in the western Pacific Ocean. 2. Listing Agreement: Refers to the agreement between the property owner and the broker, where the owner agrees to grant the broker the exclusive right to market and lease their premises. 3. Broker: Represents the real estate agent or broker who acts as an intermediary between the property owner and potential tenants, responsible for marketing, showing, and negotiating the lease terms. 4. Leasing of Premises: This keyword implies that the agreement pertains to the rental or leasing of a property, where the owner grants the right for a tenant to occupy and use the premises for a specified period. 5. Commission Agreement: Highlights that the broker's compensation for representing the owner in leasing the premises is usually based on a percentage or fixed amount of the total lease value. Types of Guam Listing Agreement with Broker for Leasing of Premises with Commission Agreement may vary, depending on specific terms, conditions, and exclusivity. Some common types include: 1. Exclusive Listing Agreement: This type of agreement grants the broker exclusive rights to market and lease the premises, prohibiting the owner from engaging with other brokers during the specified period. 2. Open Listing Agreement: This agreement allows the owner to work with multiple brokers simultaneously, with the first broker who brings a suitable tenant securing the commission. 3. Net Listing Agreement: In this agreement, the broker's commission is defined as the excess amount obtained by the owner over the predetermined net price. It can potentially create conflicts of interest and is prohibited in some jurisdictions. 4. Multiple Listing Agreement: This type of agreement is commonly used in Guam's real estate market, where brokers share property listings and cooperate with each other to find suitable tenants. This maximizes exposure and increases the likelihood of successfully leasing the premises. It is important to note that the actual content of the Guam Listing Agreement with Broker for Leasing of Premises with Commission Agreement may vary depending on the specific requirements of the parties involved and the legal regulations applicable in Guam. Therefore, seeking guidance from legal professionals or utilizing specific templates provided by Guam real estate organizations is highly recommended.

Guam Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legal document that outlines the terms and conditions between a property owner (the landlord) and a real estate broker (the agent) for the leasing of premises in Guam. This agreement serves as a binding contract that specifies the responsibilities, obligations, and rights of both parties involved in the leasing process. The Guam Listing Agreement with Broker for Leasing of Premises with Commission Agreement includes several relevant keywords such as: 1. Guam: This keyword signifies that the agreement is specific to properties located in Guam, a U.S. territory in the western Pacific Ocean. 2. Listing Agreement: Refers to the agreement between the property owner and the broker, where the owner agrees to grant the broker the exclusive right to market and lease their premises. 3. Broker: Represents the real estate agent or broker who acts as an intermediary between the property owner and potential tenants, responsible for marketing, showing, and negotiating the lease terms. 4. Leasing of Premises: This keyword implies that the agreement pertains to the rental or leasing of a property, where the owner grants the right for a tenant to occupy and use the premises for a specified period. 5. Commission Agreement: Highlights that the broker's compensation for representing the owner in leasing the premises is usually based on a percentage or fixed amount of the total lease value. Types of Guam Listing Agreement with Broker for Leasing of Premises with Commission Agreement may vary, depending on specific terms, conditions, and exclusivity. Some common types include: 1. Exclusive Listing Agreement: This type of agreement grants the broker exclusive rights to market and lease the premises, prohibiting the owner from engaging with other brokers during the specified period. 2. Open Listing Agreement: This agreement allows the owner to work with multiple brokers simultaneously, with the first broker who brings a suitable tenant securing the commission. 3. Net Listing Agreement: In this agreement, the broker's commission is defined as the excess amount obtained by the owner over the predetermined net price. It can potentially create conflicts of interest and is prohibited in some jurisdictions. 4. Multiple Listing Agreement: This type of agreement is commonly used in Guam's real estate market, where brokers share property listings and cooperate with each other to find suitable tenants. This maximizes exposure and increases the likelihood of successfully leasing the premises. It is important to note that the actual content of the Guam Listing Agreement with Broker for Leasing of Premises with Commission Agreement may vary depending on the specific requirements of the parties involved and the legal regulations applicable in Guam. Therefore, seeking guidance from legal professionals or utilizing specific templates provided by Guam real estate organizations is highly recommended.