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.
A Nebraska Listing Agreement with a Broker or Realtor is a legal document that establishes a contractual relationship between a property owner (also known as a client or seller) and a licensed real estate broker or agent. This agreement outlines the terms and conditions under which the broker or agent is authorized to represent and market the client's commercial property or real estate for sale. The Exclusive Listing Agreement is one of the most common types of listing agreements used in Nebraska. It grants the exclusive right to the broker or agent to act as the client's sole representative during the specified listing period. This means that the client cannot hire another broker or agent to sell the property during the exclusive listing period without breaching the agreement. The Nebraska Listing Agreement with a Broker or Realtor typically includes several crucial components: 1. Parties: The agreement identifies the parties involved, including the client (seller) and the broker or agent (listing agent). 2. Property Description: A detailed description of the commercial property or real estate being listed for sale. 3. Listing Price and Terms: The listing agreement establishes the asking price for the property, as well as any specific terms or conditions that the seller wants to include, such as financing options or seller concessions. 4. Listing Period: The agreement specifies the duration of the exclusive listing period, during which the seller cannot hire another broker or agent. The length of this period may vary depending on the negotiations between the parties but is typically 90 to 180 days. 5. Compensation and Commission: The agreement outlines the compensation terms for the broker or agent, typically in the form of a commission. The commission percentage can vary but is usually a percentage of the final sale price. The agreement may also include provisions for additional expenses or fees that the seller may be responsible for, such as marketing or advertising costs. 6. Broker Duties and Obligations: The listing agreement outlines the responsibilities and duties of the broker or agent during the listing period, including marketing the property, conducting open houses, screening potential buyers, negotiating offers, and providing regular updates to the seller. 7. Seller's Obligations: The agreement may include specific obligations for the seller, such as providing accurate and complete information about the property, maintaining the property's condition, and cooperating with the broker or agent's marketing efforts. It's important for both the client and the broker or agent to thoroughly review and understand the terms of the Nebraska Listing Agreement before signing. Additionally, there may be variations or additional types of listing agreements used in Nebraska, such as open listings or exclusive agency listings. However, the Exclusive Listing Agreement is the most common and provides the highest level of representation and commitment from the broker or agent in marketing and selling the commercial property or real estate.
