A broker is an agent who bargains or conducts negotiations for and on behalf of a person he or she represents, called a principal. The broker acts as an intermediary between the principal and third persons in the acquisition of contractual rights or the sale or purchase of property, and receives a commission or brokerage fee for his or her services. A broker has a duty to act in the principal's interest and not gain personal advantage at the principal's expense. The broker must avoid conflicts of interest that may arise in performing duties for or advising third parties whose interests are not aligned with those of the principal. A real estate broker offers services as agent in matters involving the sale, purchase, rental, and financing of real property.
The terms of the brokerage agreement determine the character of the services to be rendered as well as the broker's right to compensation in particular circumstances.
North Carolina Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding document that outlines the terms and conditions of an exclusive sales agency agreement between a property owner (the Seller) and a real estate brokerage firm (the Listing Broker). This agreement allows the Listing Broker to solicit the assistance of Co-Brokers (also referred to as cooperating brokers) in order to market and sell the Seller's real property. The North Carolina Exclusive Sales Agency Listing Agreement is designed to protect the interests of both the Seller and the Listing Broker. It grants the Listing Broker exclusive rights to market and sell the property for a specified period of time, typically six months or one year, in exchange for a commission or fee upon the successful sale of the property. The agreement outlines various terms, such as the listing price, the duration of the agreement, the commission rate, and any specific conditions or requirements set forth by the Seller. It also includes provisions for the Listing Broker to cooperate with other brokers in order to maximize exposure and increase the chances of securing a buyer. There are different types of North Carolina Exclusive Sales Agency Listing Agreements, each tailored to specific circumstances. Some common types include: 1. Residential Exclusive Sales Agency Listing Agreement: This type of agreement is used for residential properties such as single-family homes, townhouses, and condominiums. 2. Commercial Exclusive Sales Agency Listing Agreement: This agreement is suitable for commercial properties, including office buildings, retail spaces, warehouses, and industrial properties. 3. Land Exclusive Sale Agency Listing Agreement: This agreement is specifically designed for the sale of vacant land, including undeveloped lots, farmland, and acreage. 4. Luxury Exclusive Sales Agency Listing Agreement: This type of agreement caters to high-end or luxury properties that require specialized marketing strategies and a higher level of service. It is crucial for both the Seller and the Listing Broker to thoroughly review and understand the terms and conditions stated in the North Carolina Exclusive Sales Agency Listing Agreement before signing. Seeking legal advice from a real estate attorney is recommended to ensure compliance with state laws and to address any specific concerns or individual requirements.North Carolina Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding document that outlines the terms and conditions of an exclusive sales agency agreement between a property owner (the Seller) and a real estate brokerage firm (the Listing Broker). This agreement allows the Listing Broker to solicit the assistance of Co-Brokers (also referred to as cooperating brokers) in order to market and sell the Seller's real property. The North Carolina Exclusive Sales Agency Listing Agreement is designed to protect the interests of both the Seller and the Listing Broker. It grants the Listing Broker exclusive rights to market and sell the property for a specified period of time, typically six months or one year, in exchange for a commission or fee upon the successful sale of the property. The agreement outlines various terms, such as the listing price, the duration of the agreement, the commission rate, and any specific conditions or requirements set forth by the Seller. It also includes provisions for the Listing Broker to cooperate with other brokers in order to maximize exposure and increase the chances of securing a buyer. There are different types of North Carolina Exclusive Sales Agency Listing Agreements, each tailored to specific circumstances. Some common types include: 1. Residential Exclusive Sales Agency Listing Agreement: This type of agreement is used for residential properties such as single-family homes, townhouses, and condominiums. 2. Commercial Exclusive Sales Agency Listing Agreement: This agreement is suitable for commercial properties, including office buildings, retail spaces, warehouses, and industrial properties. 3. Land Exclusive Sale Agency Listing Agreement: This agreement is specifically designed for the sale of vacant land, including undeveloped lots, farmland, and acreage. 4. Luxury Exclusive Sales Agency Listing Agreement: This type of agreement caters to high-end or luxury properties that require specialized marketing strategies and a higher level of service. It is crucial for both the Seller and the Listing Broker to thoroughly review and understand the terms and conditions stated in the North Carolina Exclusive Sales Agency Listing Agreement before signing. Seeking legal advice from a real estate attorney is recommended to ensure compliance with state laws and to address any specific concerns or individual requirements.
