Massachusetts Exclusive Agency or Agent Agreement - Real Estate - Realtor Contract

• Category: Real Estate - Contracts - Agents
• State: Multi-State
• Control #: US-00516-AZ
• Format: Word; Rich Text

Description

This form is an exlusive agency agreement for the purpose of real estate sales. Adapt to fit your circumstances. A Massachusetts Exclusive Agency or Agent Agreement is a legal document that outlines the contractual arrangement between a real estate agent (realtor) and his or her client in the state of Massachusetts. This agreement specifies the roles, responsibilities, and expectations of both parties involved in a real estate transaction. Keywords: Massachusetts, Exclusive Agency, Agent Agreement, Real Estate, Realtor Contract. There are different types of Massachusetts Exclusive Agency or Agent Agreements in the real estate industry. Some of these agreements include: 1. Residential Exclusive Agency Agreement: This type of agreement is commonly used when a realtor is hired by a homeowner to exclusively market and sell their residential property. The agreement typically states that the realtor will receive a commission only if they find a buyer for the property. 2. Commercial Exclusive Agency Agreement: This agreement applies to commercial real estate transactions, including office buildings, shopping centers, and industrial properties. The realtor is engaged exclusively to market and secure a buyer or tenant for the commercial property. 3. Buyer's Exclusive Agency Agreement: In this agreement, the realtor is hired exclusively by a potential buyer to assist them in finding a suitable property. The realtor's role is to represent the buyer's interests throughout the buying process and to negotiate the best possible deal on their behalf. 4. Exclusive Right to Sell Agreement: This agreement grants the realtor exclusive rights to list and sell a property for a specified period. The realtor is entitled to a commission regardless of who finds the buyer — whether it's the realtor themselves, the seller, or another agent. 5. Exclusive Agency Buyer-Broker Agreement: This agreement is similar to the buyer's exclusive agency agreement, but it allows the buyer to work with multiple real estate agents. The buyer agrees to compensate the agent who brings about a successful transaction. Within these different types of agreements, various terms and conditions may be included, such as the duration of the agreement, the commission structure, termination clauses, and any additional services that the realtor will provide. In Massachusetts, it is crucial for both parties to carefully review and fully understand the terms of the Exclusive Agency or Agent Agreement before signing. It is recommended to seek legal advice if there are any uncertainties or concerns.

A Massachusetts Exclusive Agency or Agent Agreement is a legal document that outlines the contractual arrangement between a real estate agent (realtor) and his or her client in the state of Massachusetts. This agreement specifies the roles, responsibilities, and expectations of both parties involved in a real estate transaction. Keywords: Massachusetts, Exclusive Agency, Agent Agreement, Real Estate, Realtor Contract. There are different types of Massachusetts Exclusive Agency or Agent Agreements in the real estate industry. Some of these agreements include: 1. Residential Exclusive Agency Agreement: This type of agreement is commonly used when a realtor is hired by a homeowner to exclusively market and sell their residential property. The agreement typically states that the realtor will receive a commission only if they find a buyer for the property. 2. Commercial Exclusive Agency Agreement: This agreement applies to commercial real estate transactions, including office buildings, shopping centers, and industrial properties. The realtor is engaged exclusively to market and secure a buyer or tenant for the commercial property. 3. Buyer's Exclusive Agency Agreement: In this agreement, the realtor is hired exclusively by a potential buyer to assist them in finding a suitable property. The realtor's role is to represent the buyer's interests throughout the buying process and to negotiate the best possible deal on their behalf. 4. Exclusive Right to Sell Agreement: This agreement grants the realtor exclusive rights to list and sell a property for a specified period. The realtor is entitled to a commission regardless of who finds the buyer — whether it's the realtor themselves, the seller, or another agent. 5. Exclusive Agency Buyer-Broker Agreement: This agreement is similar to the buyer's exclusive agency agreement, but it allows the buyer to work with multiple real estate agents. The buyer agrees to compensate the agent who brings about a successful transaction. Within these different types of agreements, various terms and conditions may be included, such as the duration of the agreement, the commission structure, termination clauses, and any additional services that the realtor will provide. In Massachusetts, it is crucial for both parties to carefully review and fully understand the terms of the Exclusive Agency or Agent Agreement before signing. It is recommended to seek legal advice if there are any uncertainties or concerns.