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 Missouri Listing Agreement with a Broker or Realtor is a legal document that establishes a relationship between the property owner/seller (also known as the Principal) and a licensed real estate broker or agent (also known as the Broker or Realtor). This agreement grants the Broker or Realtor the exclusive right to sell the commercial property or real estate on behalf of the seller for a specified period of time. The Exclusive Listing is a crucial component of this agreement, as it means that the seller agrees to work exclusively with the designated Broker or Realtor and will not engage any other real estate professionals to sell the property during the duration of the agreement. This exclusivity allows the broker or agent to invest time, effort, and resources into marketing and promoting the property, with the assurance that they will be the only party responsible for finding potential buyers. Some key elements that are typically included in a Missouri Listing Agreement with a Broker or Realtor for the sale of commercial property or real estate are: 1. Basic Information: This includes the names and contact information of the seller and the Broker or Realtor, as well as a description of the property being listed, including the address and legal description. 2. Listing Price and Terms: The agreement outlines the agreed-upon listing price for the property and any specific terms or conditions related to price adjustments, financing, or seller financing options. 3. Listing Period: The agreement specifies the length of time during which the exclusive listing will be in effect. This period can vary depending on the preferences of the parties involved, but it is typically between three and twelve months. 4. Commission and Compensation: The agreement outlines the commission or fee structure that the Broker or Realtor will receive upon the successful sale of the property. This typically includes the commission percentage, which is usually a percentage of the final sale price. It may also cover compensation for marketing expenses incurred by the Broker or Realtor. 5. Marketing and Promotional Responsibilities: The agreement may define the marketing and promotional strategies that the Broker or Realtor will employ to attract potential buyers. This could include online listings, advertisements, signage, open houses, and any other avenues for exposure. 6. Seller's Obligations: The agreement may specify any obligations the seller must fulfill, such as providing accurate and up-to-date information about the property, maintaining the property in a presentable state, and cooperating with any necessary inspections or appraisals. Missouri may have variations of the Listing Agreement with a Broker or Realtor, such as Exclusive Right to Sell Listing, Exclusive Agency Listing, or Open Listing. Each of these types will have its own specific terms and conditions, governing how the property will be marketed and sold, and the rights and obligations of the seller and the broker or agent.
