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.
The Massachusetts Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing is a legal contract between a property owner and a real estate agent, outlining the terms and conditions of the exclusive representation for the sale of commercial property or real estate in the state of Massachusetts. This agreement grants the broker or realtor exclusive rights to market and sell the property within a specified timeframe. The agreement includes various key provisions that protect the interests of both the property owner and the broker or realtor. These provisions include: 1. Exclusive Representation: The agreement establishes that the property owner is granting exclusive rights to the broker or realtor to represent the property for sale. This means that the owner cannot work with another agent during the contract period. 2. Listing Price and Terms: The agreement specifies the listing price for the property and the terms of the sale, such as whether it is an all-cash transaction or if financing is available. It may also include any specific conditions or contingencies for the sale. 3. Listing Duration: The agreement defines the duration of the exclusive listing period, which is typically negotiable and can range from a few months to a year. During this time, the broker or realtor is given sole authority to market, advertise, and negotiate the sale of the property. 4. Compensation and Commission: The agreement outlines the agreed-upon commission or fee structure the broker or realtor will receive upon the successful sale of the property. This can be a percentage of the sale price or a flat fee, depending on the negotiated terms. 5. Marketing and Advertising: The agreement specifies the marketing and advertising strategies the broker or realtor will employ to attract potential buyers. This can include online listings, print advertisements, signage, open houses, and any other marketing efforts. 6. Termination Agreement: A termination clause is included in the agreement, which allows both parties to terminate the contract under certain circumstances, such as non-performance, breach of contract, or mutual agreement. There are no specific types of Massachusetts Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing. However, the terms and conditions of the agreement can be customized based on the specific needs and requirements of the property owner and the broker or realtor involved.
