Massachusetts 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. The Massachusetts Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legal contract that establishes the relationship between a property owner (referred to as the "Principal") and a licensed real estate broker or realtor (referred to as the "Agent"). This agreement grants the Agent exclusive rights to list, market, and sell the Principal's commercial property or real estate. The purpose of this listing agreement is to define the terms and conditions under which the Agent will represent and act on behalf of the Principal in selling the property. It outlines the services the Agent will provide, the duration of the agreement, and the compensation that the Agent will receive upon a successful sale. Some key components of the Massachusetts Listing Agreement include: 1. Exclusive Right to Sell: This provision grants the Agent the exclusive right to market and sell the commercial property or real estate, excluding the Principal from hiring any other agents or brokers for the same purpose. This ensures that the Agent has full control over the marketing and sale process. 2. Listing Price: The agreement specifies the listing price at which the Agent will market the property. This price is usually determined through a collaborative discussion between the Principal and the Agent, considering market conditions, comparable properties, and the Principal's desired outcome. 3. Marketing and Advertising: The listing agreement outlines the marketing and advertising strategies that the Agent will employ to attract potential buyers. This may include online listings, signage, print advertisements, open houses, and more. It may also specify any expenses associated with these activities and who will bear them. 4. Term and Termination: The agreement establishes the duration for which the Agent has exclusive rights to sell the property. This period is typically negotiable but usually ranges from a few months to a year. It also outlines under what circumstances the agreement can be terminated, such as the Principal's dissatisfaction with the Agent's performance or the property being sold to an excluded party. 5. Compensation: The listing agreement addresses the compensation structure for the Agent. It typically includes a commission, which is a percentage of the final sale price, payable to the Agent upon the completion of a sale. The agreement may also specify any additional fees or expenses the Principal is responsible for in relation to the sale. Types of Massachusetts Listing Agreements: There are generally two types of Massachusetts Listing Agreements for commercial property or real estate: 1. Exclusive Right to Sell Listing Agreement: This is the most common type, granting exclusive rights to the Agent to market and sell the property within the specified timeframe. The Principal cannot hire another Agent during the agreement period. If the property is sold during this period, regardless of who brings the buyer, the Agent is entitled to the agreed-upon commission. 2. Exclusive Agency Listing Agreement: This type of agreement allows the Principal to market the property independently while giving the Agent the exclusive right to representation. If the Principal finds a buyer without the Agent's involvement, no commission is owed. However, if the Agent introduces a buyer who ultimately purchases the property, they are entitled to the negotiated commission. In summary, the Massachusetts Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legally binding contract that outlines the relationship and obligations between a property owner (Principal) and a licensed real estate agent or broker (Agent). It grants the Agent exclusive rights to market and sell the property for an agreed-upon period, providing compensation through commissions upon a successful sale. Different types of agreements may exist, such as exclusive right to sell and exclusive agency agreements, depending on the arrangement between the Principal and the Agent.

The Massachusetts Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legal contract that establishes the relationship between a property owner (referred to as the "Principal") and a licensed real estate broker or realtor (referred to as the "Agent"). This agreement grants the Agent exclusive rights to list, market, and sell the Principal's commercial property or real estate. The purpose of this listing agreement is to define the terms and conditions under which the Agent will represent and act on behalf of the Principal in selling the property. It outlines the services the Agent will provide, the duration of the agreement, and the compensation that the Agent will receive upon a successful sale. Some key components of the Massachusetts Listing Agreement include: 1. Exclusive Right to Sell: This provision grants the Agent the exclusive right to market and sell the commercial property or real estate, excluding the Principal from hiring any other agents or brokers for the same purpose. This ensures that the Agent has full control over the marketing and sale process. 2. Listing Price: The agreement specifies the listing price at which the Agent will market the property. This price is usually determined through a collaborative discussion between the Principal and the Agent, considering market conditions, comparable properties, and the Principal's desired outcome. 3. Marketing and Advertising: The listing agreement outlines the marketing and advertising strategies that the Agent will employ to attract potential buyers. This may include online listings, signage, print advertisements, open houses, and more. It may also specify any expenses associated with these activities and who will bear them. 4. Term and Termination: The agreement establishes the duration for which the Agent has exclusive rights to sell the property. This period is typically negotiable but usually ranges from a few months to a year. It also outlines under what circumstances the agreement can be terminated, such as the Principal's dissatisfaction with the Agent's performance or the property being sold to an excluded party. 5. Compensation: The listing agreement addresses the compensation structure for the Agent. It typically includes a commission, which is a percentage of the final sale price, payable to the Agent upon the completion of a sale. The agreement may also specify any additional fees or expenses the Principal is responsible for in relation to the sale. Types of Massachusetts Listing Agreements: There are generally two types of Massachusetts Listing Agreements for commercial property or real estate: 1. Exclusive Right to Sell Listing Agreement: This is the most common type, granting exclusive rights to the Agent to market and sell the property within the specified timeframe. The Principal cannot hire another Agent during the agreement period. If the property is sold during this period, regardless of who brings the buyer, the Agent is entitled to the agreed-upon commission. 2. Exclusive Agency Listing Agreement: This type of agreement allows the Principal to market the property independently while giving the Agent the exclusive right to representation. If the Principal finds a buyer without the Agent's involvement, no commission is owed. However, if the Agent introduces a buyer who ultimately purchases the property, they are entitled to the negotiated commission. In summary, the Massachusetts Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legally binding contract that outlines the relationship and obligations between a property owner (Principal) and a licensed real estate agent or broker (Agent). It grants the Agent exclusive rights to market and sell the property for an agreed-upon period, providing compensation through commissions upon a successful sale. Different types of agreements may exist, such as exclusive right to sell and exclusive agency agreements, depending on the arrangement between the Principal and the Agent.