Kansas Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate

• Category: Real Estate - Brokers
• State: Multi-State
• Control #: US-00440BG
• Format: Word

Description

This is a very straight forward form that grants to a realtor or broker the sole and exclusive right to sell the commercial property described in the agreement. It contains some warranties by Owner that the Owner's title is marketable. In the state of Kansas, a Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legally binding contract between a property owner (typically referred to as the "Seller") and a licensed real estate broker or realtor. This agreement provides the broker or realtor with the exclusive right to market, advertise, and sell the commercial property on behalf of the Seller for a specified period of time. The Kansas Listing Agreement grants the broker or realtor the sole authority to represent and negotiate on behalf of the Seller during the sale of the specified property. It is important to note that this agreement is typically used for commercial properties, which can include office buildings, retail spaces, warehouses, industrial facilities, and vacant land suitable for commercial development. Under this agreement, the broker or realtor assumes a fiduciary duty towards the Seller, meaning they must act in the Seller's best interests and maintain confidentiality throughout the entire sales process. The agreement outlines the responsibilities of both parties and sets the terms and conditions for the transaction. Some key elements covered in this agreement may include: 1. Identification of the Property: The agreement describes the commercial property being listed, including the address, legal description, and any additional features or attributes that could enhance its marketability. 2. Exclusive Right to Sell: The agreement grants the broker or realtor the exclusive right to market, advertise, and sell the property during the specified listing period. This means that the Seller cannot engage other brokers or realtors to sell the property during this time. 3. Listing Period: The length of time that the exclusive right to sell is granted is specified in the agreement. This period is typically negotiable between the Seller and the broker or realtor but may range from a few months to a year. 4. Commission and Fees: The agreement outlines the commission structure and any additional fees that the Seller will be responsible for upon the successful sale of the property. These details are usually negotiable and are based on a percentage of the final sale price. 5. Marketing and Advertising: The broker or realtor agrees to develop and implement a comprehensive marketing and advertising plan to attract potential buyers to the property. This can include online and offline strategies such as listing the property on commercial real estate websites, creating brochures, hosting open houses, and contacting potential buyers directly. 6. Seller's Obligations: The agreement may outline certain responsibilities that the Seller must fulfill, such as providing accurate and complete information about the property, maintaining the property in good condition, granting access to potential buyers for inspections, and cooperating with the broker or realtor in negotiations and closing procedures. Different types of Kansas Listing Agreements may exist based on specific circumstances or requirements, such as: 1. Exclusive Agency Agreement: In this type of agreement, the Seller grants exclusive rights to one broker or realtor while reserving the right to sell the property themselves. If the Seller finds a buyer without the assistance of the broker or realtor, no commission is owed. 2. Multiple Listing Agreement: This agreement allows the broker or realtor to share the exclusive right to sell with other brokers or realtors who are members of the same Multiple Listing Service (MLS). In this case, the commission is split between the listing broker and the selling broker. It is highly recommended that both Sellers and brokers or realtors seek legal advice and thoroughly review the terms and conditions of any Listing Agreement before signing to ensure that their rights and obligations are well-defined and protected.

In the state of Kansas, a Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legally binding contract between a property owner (typically referred to as the "Seller") and a licensed real estate broker or realtor. This agreement provides the broker or realtor with the exclusive right to market, advertise, and sell the commercial property on behalf of the Seller for a specified period of time. The Kansas Listing Agreement grants the broker or realtor the sole authority to represent and negotiate on behalf of the Seller during the sale of the specified property. It is important to note that this agreement is typically used for commercial properties, which can include office buildings, retail spaces, warehouses, industrial facilities, and vacant land suitable for commercial development. Under this agreement, the broker or realtor assumes a fiduciary duty towards the Seller, meaning they must act in the Seller's best interests and maintain confidentiality throughout the entire sales process. The agreement outlines the responsibilities of both parties and sets the terms and conditions for the transaction. Some key elements covered in this agreement may include: 1. Identification of the Property: The agreement describes the commercial property being listed, including the address, legal description, and any additional features or attributes that could enhance its marketability. 2. Exclusive Right to Sell: The agreement grants the broker or realtor the exclusive right to market, advertise, and sell the property during the specified listing period. This means that the Seller cannot engage other brokers or realtors to sell the property during this time. 3. Listing Period: The length of time that the exclusive right to sell is granted is specified in the agreement. This period is typically negotiable between the Seller and the broker or realtor but may range from a few months to a year. 4. Commission and Fees: The agreement outlines the commission structure and any additional fees that the Seller will be responsible for upon the successful sale of the property. These details are usually negotiable and are based on a percentage of the final sale price. 5. Marketing and Advertising: The broker or realtor agrees to develop and implement a comprehensive marketing and advertising plan to attract potential buyers to the property. This can include online and offline strategies such as listing the property on commercial real estate websites, creating brochures, hosting open houses, and contacting potential buyers directly. 6. Seller's Obligations: The agreement may outline certain responsibilities that the Seller must fulfill, such as providing accurate and complete information about the property, maintaining the property in good condition, granting access to potential buyers for inspections, and cooperating with the broker or realtor in negotiations and closing procedures. Different types of Kansas Listing Agreements may exist based on specific circumstances or requirements, such as: 1. Exclusive Agency Agreement: In this type of agreement, the Seller grants exclusive rights to one broker or realtor while reserving the right to sell the property themselves. If the Seller finds a buyer without the assistance of the broker or realtor, no commission is owed. 2. Multiple Listing Agreement: This agreement allows the broker or realtor to share the exclusive right to sell with other brokers or realtors who are members of the same Multiple Listing Service (MLS). In this case, the commission is split between the listing broker and the selling broker. It is highly recommended that both Sellers and brokers or realtors seek legal advice and thoroughly review the terms and conditions of any Listing Agreement before signing to ensure that their rights and obligations are well-defined and protected.