North Carolina Listing Agreement with Broker for Leasing of Premises with Commission Agreement

• Category: Real Estate - Listing Agreements
• State: Multi-State
• Control #: US-0584BG
• Format: Word; Rich Text

Description

This form is a listing agreement with a broker for the leasing of real property and contains a commission agreement. A North Carolina Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract between a property owner (landlord) and a licensed real estate broker for the purpose of leasing a property to a tenant. This agreement outlines the terms and conditions under which the broker will act as an intermediary between the landlord and potential tenants. Key components of the agreement include the identification of the parties involved, a description of the property being leased, the duration of the agreement, and the broker's commission structure. The commission is typically a percentage of the total lease value and is earned when the broker successfully finds and secures a tenant for the property. There are different variations of North Carolina Listing Agreement with Broker for Leasing of Premises with Commission Agreement, which may include: 1. Exclusive Right to Lease Agreement: In this type of agreement, the landlord grants exclusive rights to the broker to market and lease the property. The landlord cannot engage with other brokers or lease the property on their own during the term of the agreement. 2. Non-Exclusive Right to Lease Agreement: This agreement allows the landlord to work with multiple brokers simultaneously. The broker is not granted exclusive rights to market and lease the property, and the landlord reserves the right to find tenants independently or work with other brokers. 3. Exclusive Agency Agreement: This agreement falls in the middle ground between the exclusive and non-exclusive agreements. While the landlord grants exclusive rights to the broker, the landlord also retains the right to lease the property independently without paying a commission to the broker, as long as the broker is not involved in the transaction. 4. Open Listing Agreement: This non-exclusive agreement allows the landlord to work with multiple brokers and lease the property on their own. The broker who successfully finds a tenant earns the commission, and the landlord is not obligated to pay a commission if they find a tenant independently. It is important for both parties to thoroughly review and understand the terms and conditions of the North Carolina Listing Agreement with Broker for Leasing of Premises with Commission Agreement before signing. Seeking legal advice is recommended to ensure that the agreement meets all applicable laws and protects the interests of both the landlord and the broker.

A North Carolina Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract between a property owner (landlord) and a licensed real estate broker for the purpose of leasing a property to a tenant. This agreement outlines the terms and conditions under which the broker will act as an intermediary between the landlord and potential tenants. Key components of the agreement include the identification of the parties involved, a description of the property being leased, the duration of the agreement, and the broker's commission structure. The commission is typically a percentage of the total lease value and is earned when the broker successfully finds and secures a tenant for the property. There are different variations of North Carolina Listing Agreement with Broker for Leasing of Premises with Commission Agreement, which may include: 1. Exclusive Right to Lease Agreement: In this type of agreement, the landlord grants exclusive rights to the broker to market and lease the property. The landlord cannot engage with other brokers or lease the property on their own during the term of the agreement. 2. Non-Exclusive Right to Lease Agreement: This agreement allows the landlord to work with multiple brokers simultaneously. The broker is not granted exclusive rights to market and lease the property, and the landlord reserves the right to find tenants independently or work with other brokers. 3. Exclusive Agency Agreement: This agreement falls in the middle ground between the exclusive and non-exclusive agreements. While the landlord grants exclusive rights to the broker, the landlord also retains the right to lease the property independently without paying a commission to the broker, as long as the broker is not involved in the transaction. 4. Open Listing Agreement: This non-exclusive agreement allows the landlord to work with multiple brokers and lease the property on their own. The broker who successfully finds a tenant earns the commission, and the landlord is not obligated to pay a commission if they find a tenant independently. It is important for both parties to thoroughly review and understand the terms and conditions of the North Carolina Listing Agreement with Broker for Leasing of Premises with Commission Agreement before signing. Seeking legal advice is recommended to ensure that the agreement meets all applicable laws and protects the interests of both the landlord and the broker.