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 Louisiana Listing Agreement with a Broker or Realtor to sell commercial property or real estate refers to a legally binding contract between a property owner (also known as the client) and a licensed real estate broker or realtor. This agreement grants the broker or realtor exclusive rights to market and sell the client's commercial property or real estate. The exclusive listing aspect of this agreement means that the client agrees to work exclusively with the specified broker or realtor and will not enter into a similar agreement with any other real estate professional during the listing period. This gives the chosen broker or realtor the sole responsibility for representing the client's interests, finding potential buyers, and facilitating the entire sales process. The Louisiana Listing Agreement typically includes specific terms and conditions, which may vary depending on the agreement type. Some common types of Louisiana Listing Agreements with a Broker or Realtor to sell commercial property or real estate include: 1. Exclusive Right to Sell Listing: This type of agreement grants the broker or realtor the exclusive right to market and sell the property. If the property is sold during the listing period, regardless of whether the broker or realtor was directly involved in the sale, they are entitled to the agreed-upon commission. 2. Exclusive Agency Listing: In an exclusive agency listing agreement, the client agrees to work exclusively with one specific broker or realtor. However, the client reserves the right to sell the property themselves without incurring any commission costs. 3. Open Listing: An open listing agreement allows the client to work with multiple brokers or realtors simultaneously. The commission is only due to the broker or realtor who successfully brings in a buyer and completes the sale. Regardless of the type, a Louisiana Listing Agreement typically contains essential elements such as the property's description, listing price, listing period, commission amount, and any additional terms or conditions agreed upon by both parties. It is crucial for both the client and the broker or realtor to thoroughly review and understand the terms of the agreement before signing, as this legally binds them to specific obligations and responsibilities. In summary, a Louisiana Listing Agreement with a Broker or Realtor to sell commercial property or real estate — exclusive listing is a legally binding contract that grants the chosen broker or realtor exclusive rights to market and sell the client's property during the agreed-upon listing period. Various types of listing agreements exist, each with its own terms and conditions. It is important for both parties to thoroughly understand the agreement's terms before signing to ensure a smooth and successful property sales process.
