Brokerage Agreement Template

State:
Multi-State
Control #:
US-OL29A082A
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Word; 
PDF
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Description

This office lease form is an agreement between the landlord, owner of the property, and a borker. This agreement describes the nature of the services to be provided and the terms and usage under the agreement.

Kansas Brokerage Agreement for Services to Landlords is a legally binding contract that outlines the terms and conditions between a landlord and a real estate broker or agent. This agreement specifies the responsibilities and obligations each party must adhere to in the process of renting or leasing a property. The Kansas Brokerage Agreement for Services to Landlords covers various aspects of the landlord-broker relationship, encompassing property marketing, tenant screening, lease negotiations, and ongoing property management. It serves as a comprehensive document that safeguards the interests of both parties involved. Different types of Kansas Brokerage Agreement for Services to Landlords can include: 1. Exclusive Right to Rent/Lease Agreement: This type of agreement grants the broker or agent exclusive rights to market and rent/lease the landlord's property. Essentially, it ensures that only the broker or agent is entitled to receive commissions or fees from any successful rental or lease transaction during the agreed-upon period. 2. Non-Exclusive Agreement: In contrast to the exclusive agreement, this type allows the landlord to work with multiple brokers or agents simultaneously to find tenants for their property. The landlord is only obligated to pay a commission to the broker or agent who successfully secures a tenant. 3. Flat Fee Agreement: This agreement involves the payment of a fixed fee to the broker or agent, regardless of the rental or lease outcome. It is commonly used when the landlord wants to avoid traditional commission-based payment structures. 4. Full-Service Agreement: This type of agreement covers an extensive range of services provided by the broker or agent, including advertising, property showings, tenant screening, lease preparation, ongoing rent collection, and property maintenance. It offers a comprehensive solution for landlords who prefer to outsource all aspects of property management to a professional. In summary, the Kansas Brokerage Agreement for Services to Landlords is a critical document that establishes the rights and obligations of both landlords and brokers/agents in the rental or leasing process. The agreement provides clarity and legal protection by specifying the type of relationship, services rendered, and compensation structure.

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FAQ

Kansas law requires real estate licensees to provide the following information about brokerage relationships to prospective sellers and buyers at the first practical opportunity. This brochure is provided for informational purposes and does not create an obligation to use the broker's services.

While they do not provide the same level of representation as a traditional agent, they can still be very helpful in guiding buyers and sellers through the process. In addition, transaction brokers can often save both parties time and money by helping to negotiate the terms of the sale.

The transaction broker has no duty to: conduct an independent inspection of the property for the benefit of any party. conduct an independent investigation of the buyer's financial condition.

Duties of Seller's Agent, Buyer's Agent and Transaction Broker. The Kansas Brokerage Relationships in Real Estate Transactions Act (referred to as BRRETA II) became effective on October 1, 1997.

The Brokerage Relationships in Real Estate Transactions, BRETTA, a Georgia statute, controls the legal relationship of brokers to clients in this situation.In these cases, BRETTA allows the managing broker to legally assigns different licensees as designated agents to exclusively represent different clients in the same ...

The Brokerage Relationships in Real Estate Transactions Act (BRRETA) is an act designed to protect consumers and requires that agency relationships be explained to all prospective customers and clients.

This lesson discusses the responsibilities of the seller's agent and the buyer's agent in Kansas ing to the Brokerage Relationships in Real Estate Transactions Act (BRETTA).

BRRETA defines a material fact as any fact that a party: does not know, could not reasonably discover, and would reasonably want to know. A broker should disclose any relationship with another party in the transaction (friend, relative, Page 5 5 business associate).

More info

Duties of Seller's Agent, Buyer's Agent and Transaction Broker. The Kansas Brokerage Relationships in Real Estate Transactions Act (referred to as BRRETA II) ... (e) To establish an agency relationship with a buyer or tenant, a broker shall enter into a written agency agreement with the party to be represented no later ...Hiring a broker? Download this Broker Agreement for Property Owners to outline the expectations and terms of the work relationship with your broker. ... services, or materials performed or furnished to Tenant under the Lease. ... in the written agreement between Landlord and Broker, or the sum stated above. SELLER/LANDLORD and BUYER/TENANT acknowledge the Real Estate Brokerage ... Kansas, Supervising Broker acts as a Transaction Kansas, Supervising Broker acts as a. Acts as your specific agent, whether you are a buyer or tenant, or seller or landlord. When the broker makes this appointment, the other real estate licensees ... Prepare and present a "Transaction Summary" with key aspects of the agreement ... Take action on behalf of client as required to successfully complete the ... (a) Any person desiring to act as a broker or salesperson must file a written application for a license with the commission or, if required by the commission, ... (c) “Agency agreement” means a written agreement setting forth the terms and conditions of the relationship between a broker and the broker's client. (d) “ ... (e) To establish an agency relationship with a buyer or tenant, a broker shall enter into a written agency agreement with the party to be represented no later ...

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Brokerage Agreement Template