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 Indiana Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding agreement between a homeowner or property owner (referred to as the "Seller") and a real estate agency (referred to as the "Broker") located in the state of Indiana. This agreement outlines the terms and conditions under which the Broker is given the exclusive right to market and sell the Seller's property. Keywords: Indiana, Exclusive Sales Agency Listing Agreement, Real Property, Brokers, Solicit Co-Brokers. This type of agreement grants the Broker the exclusive authority to act as the Seller's sole representative and agent for the purpose of marketing and selling the property. It specifies that during the term of the agreement, the Broker will have the right to solicit co-brokerage arrangements with other licensed real estate professionals who may bring potential buyers to the table. The Indiana Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers typically includes the following key provisions: 1. Exclusive Agency: The agreement establishes that the Seller is providing the Broker with the exclusive right to represent them in the sale of the property. This means that the Seller cannot independently seek out or engage with other brokers or agents during the term of the agreement. 2. Listing Terms: The agreement specifies the duration of the listing period, during which the Broker will have exclusive rights to market and sell the property. This period is often negotiable between the Seller and the Broker. 3. Co-Brokerage Arrangements: The agreement allows the Broker to enter into co-brokerage agreements with other licensed real estate professionals who may bring potential buyers to the property. This means that the Broker may share the commission or fees earned from the sale with these co-brokers. 4. Marketing and Advertising: The agreement outlines the strategies and channels the Broker will use to market and advertise the property. This may include listing the property on multiple listing services (MLS), online platforms, print media, signage, and other marketing materials. 5. Commission Structure: The agreement defines the commission structure and how the Broker's compensation will be calculated upon the successful sale of the property. This typically includes a percentage of the final sale price or a fixed fee agreed upon by the Seller and the Broker. It's important to note that there might be different variations or customized versions of this agreement depending on the specific needs and preferences of the parties involved. Some modifications may include exclusive right to sell agreements, dual agency agreements, or limited service agreements, which may have different co-broker solicitation provisions or additional terms and conditions. In conclusion, the Indiana Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers establishes a legal and professional relationship between the Seller and the Broker. This agreement clearly delineates the authority, responsibilities, and compensation structure associated with the marketing and sale of the property, while allowing the Broker to collaborate with other licensed real estate professionals to maximize exposure and potential buyer interest.The Indiana Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding agreement between a homeowner or property owner (referred to as the "Seller") and a real estate agency (referred to as the "Broker") located in the state of Indiana. This agreement outlines the terms and conditions under which the Broker is given the exclusive right to market and sell the Seller's property. Keywords: Indiana, Exclusive Sales Agency Listing Agreement, Real Property, Brokers, Solicit Co-Brokers. This type of agreement grants the Broker the exclusive authority to act as the Seller's sole representative and agent for the purpose of marketing and selling the property. It specifies that during the term of the agreement, the Broker will have the right to solicit co-brokerage arrangements with other licensed real estate professionals who may bring potential buyers to the table. The Indiana Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers typically includes the following key provisions: 1. Exclusive Agency: The agreement establishes that the Seller is providing the Broker with the exclusive right to represent them in the sale of the property. This means that the Seller cannot independently seek out or engage with other brokers or agents during the term of the agreement. 2. Listing Terms: The agreement specifies the duration of the listing period, during which the Broker will have exclusive rights to market and sell the property. This period is often negotiable between the Seller and the Broker. 3. Co-Brokerage Arrangements: The agreement allows the Broker to enter into co-brokerage agreements with other licensed real estate professionals who may bring potential buyers to the property. This means that the Broker may share the commission or fees earned from the sale with these co-brokers. 4. Marketing and Advertising: The agreement outlines the strategies and channels the Broker will use to market and advertise the property. This may include listing the property on multiple listing services (MLS), online platforms, print media, signage, and other marketing materials. 5. Commission Structure: The agreement defines the commission structure and how the Broker's compensation will be calculated upon the successful sale of the property. This typically includes a percentage of the final sale price or a fixed fee agreed upon by the Seller and the Broker. It's important to note that there might be different variations or customized versions of this agreement depending on the specific needs and preferences of the parties involved. Some modifications may include exclusive right to sell agreements, dual agency agreements, or limited service agreements, which may have different co-broker solicitation provisions or additional terms and conditions. In conclusion, the Indiana Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers establishes a legal and professional relationship between the Seller and the Broker. This agreement clearly delineates the authority, responsibilities, and compensation structure associated with the marketing and sale of the property, while allowing the Broker to collaborate with other licensed real estate professionals to maximize exposure and potential buyer interest.
