This form grants to a realtor or broker the sole and exclusive right to list and show the property on one ocassionsell the commercial property described in the agreement. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Kansas Listing Agreement with a Broker or Realtor to sell commercial property or real estate refers to a legally binding contract between a property owner and a real estate agent or broker. This agreement grants the agent or broker the exclusive right to market and sell the property on behalf of the owner, with the goal of securing a successful transaction. The exclusive listing agreement typically outlines the responsibilities and obligations of both parties involved. It features various key provisions, such as the property owner's commitment to exclusively work with the designated broker or agent for a specified period. This means that during the duration of the agreement, the owner agrees not to work with any other real estate professional to sell the property. The agreement also includes details about the property that is being listed, such as the address, legal description, and any other relevant information. It may specify the type of property, whether it is commercial real estate, residential real estate, or a specialized property like industrial or agricultural land. The agreement outlines the agent's duties in marketing the property, including advertising, conducting open houses, and actively seeking potential buyers or tenants. It may also mention the agent's responsibility to provide the property owner with regular updates, feedback, and reports on marketing efforts and potential offers. The exclusive listing agreement may contain information about the compensation structure for the agent or broker. This typically includes the commission rate or fee that the agent is entitled to upon a successful sale or lease of the property. The agreement may specify if the commission is a percentage of the final selling or leasing price or a fixed amount. In some cases, there may be multiple types of exclusive listing agreements available in Kansas. These variations can include: 1. Exclusive Agency Listing: In this arrangement, the property owner grants exclusive rights to one broker or agent, but allows the owner to personally sell the property without needing to pay a commission to the agent if they find a buyer. 2. Exclusive Right-to-Sell Listing: This is the most common type of exclusive listing agreement. It gives the designated agent or broker the exclusive right to market and sell the property. The agent is entitled to a commission regardless of who finds the buyer, including if the owner sells the property independently. 3. Net Listing: A less common type of exclusive listing agreement, a net listing allows the agent or broker to retain any amount they can sell the property for above a minimum price set by the owner. This structure carries some potential conflicts of interest, as the agent may be motivated to sell the property for the lowest possible price to maximize their own commission. It is important for both the property owner and the agent or broker to carefully review and understand the terms of the Kansas Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing before signing. It is advisable to seek legal advice to ensure the agreement meets the specific needs and circumstances of both parties.A Kansas Listing Agreement with a Broker or Realtor to sell commercial property or real estate refers to a legally binding contract between a property owner and a real estate agent or broker. This agreement grants the agent or broker the exclusive right to market and sell the property on behalf of the owner, with the goal of securing a successful transaction. The exclusive listing agreement typically outlines the responsibilities and obligations of both parties involved. It features various key provisions, such as the property owner's commitment to exclusively work with the designated broker or agent for a specified period. This means that during the duration of the agreement, the owner agrees not to work with any other real estate professional to sell the property. The agreement also includes details about the property that is being listed, such as the address, legal description, and any other relevant information. It may specify the type of property, whether it is commercial real estate, residential real estate, or a specialized property like industrial or agricultural land. The agreement outlines the agent's duties in marketing the property, including advertising, conducting open houses, and actively seeking potential buyers or tenants. It may also mention the agent's responsibility to provide the property owner with regular updates, feedback, and reports on marketing efforts and potential offers. The exclusive listing agreement may contain information about the compensation structure for the agent or broker. This typically includes the commission rate or fee that the agent is entitled to upon a successful sale or lease of the property. The agreement may specify if the commission is a percentage of the final selling or leasing price or a fixed amount. In some cases, there may be multiple types of exclusive listing agreements available in Kansas. These variations can include: 1. Exclusive Agency Listing: In this arrangement, the property owner grants exclusive rights to one broker or agent, but allows the owner to personally sell the property without needing to pay a commission to the agent if they find a buyer. 2. Exclusive Right-to-Sell Listing: This is the most common type of exclusive listing agreement. It gives the designated agent or broker the exclusive right to market and sell the property. The agent is entitled to a commission regardless of who finds the buyer, including if the owner sells the property independently. 3. Net Listing: A less common type of exclusive listing agreement, a net listing allows the agent or broker to retain any amount they can sell the property for above a minimum price set by the owner. This structure carries some potential conflicts of interest, as the agent may be motivated to sell the property for the lowest possible price to maximize their own commission. It is important for both the property owner and the agent or broker to carefully review and understand the terms of the Kansas Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing before signing. It is advisable to seek legal advice to ensure the agreement meets the specific needs and circumstances of both parties.
