Indiana Listing Agreement with Broker for Leasing of Premises with Commission Agreement
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How to fill out Listing Agreement With Broker For Leasing Of Premises With Commission Agreement?
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FAQ
The exclusive listing gives the listing broker the greatest assurance of receiving compensation for marketing efforts. In some states, an exclusive right-to-sell listing is enforceable only if it is in writing and has an expiration date.
Exclusive right to sell listing: In this agreement, the agent gets paid no matter who sells the property, regardless of whether it's the agent or the seller.
Which of the following accurately describes a listing agreement which allows the broker to either find a prospective buyer, or purchase the home himself/herself? An Option Listing is a listing in which the broker also retains an option to purchase the property for the broker's own account.
An exclusive-authorization-and-right-to-sell listing gives the broker the greatest assurance that he or she will receive compensation for his or her marketing efforts. And as a result, sellers usually see a quicker and more profitable sale of the property.
Open listings give the most benefit to the home buyer. Unlike an exclusive right to sell listing, an open listing allows the owner to place listings with multiple real estate brokers.
A type or contract, whereby a person or company acts as a sales agent on behalf of the exporting company (principal), introducing its products to potential buyers in the external market, in exchange for a commission based on the value of the business deals arranged and paid to the principal.
A safety protection clause entitles a real estate broker to a commission if a sale occurs after the listing agreement expires. This protects the broker from collusion between sellers and buyers to save the seller the cost of real estate commission.
A verbal agreement between two brokers to split a commission is: enforceable. A verbal agreement between two brokers to split a commission is enforceable and is one of the exceptions to the Statute of Frauds.
A safety clause entitles a listing broker to the commission if the seller sells the property during a specified period after the listing terminates to someone the broker had contact with while the listing was in effect.
Regardless of whether your agreement is made verbally, in writing, via text message exchange, or downloaded from the internet, if the three factors are present: offer, acceptance, and consideration, a legally binding contract may be found.