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 New Hampshire Listing Agreement with a Broker or Realtor to sell commercial property or real estate refers to a legally binding contract between the owner of the property and a licensed broker or real estate agent. This agreement grants the broker or agent an exclusive right to market and sell the property on behalf of the owner for a specified period. Keywords: New Hampshire, listing agreement, broker, realtor, sell, commercial property, real estate, exclusive listing. The Exclusive Listing is one type of listing agreement commonly used in New Hampshire. Under this agreement, the owner grants exclusive rights to a single broker or agent to market and sell the property. During the exclusivity period, the owner cannot engage other brokers or agents to represent them in selling the property. The agreement outlines various essential details, including the property's description, the owner's contact information, and the listing price or terms agreed upon. It also includes the broker's or agent's responsibilities, such as marketing the property, showing it to potential buyers, and negotiating sales offers. The agreement typically specifies the duration of the exclusive listing period, which can range from a few months to a year. It may also include provisions for extending or terminating the agreement before its expiration date. To protect both parties, the agreement may address issues related to commissions and fees. It may mention the agreed-upon commission rate the broker or agent will receive upon successfully selling the property. The agreement may also outline any additional fees payable by the owner, such as marketing expenses or administrative costs. During the exclusive listing period, the broker or agent assumes the fiduciary duty to act in the owner's best interest. They must exercise due diligence in marketing the property, presenting it in the best possible light, and promptly communicating any offers or inquiries to the owner. In some cases, there may be variations or additional types of listing agreements in New Hampshire. These could include: 1. Open Listing: Unlike an exclusive listing, an open listing allows the owner to engage multiple brokers or agents simultaneously. The commission is usually paid to the broker or agent who successfully procures a buyer. 2. Net Listing: A net listing agreement specifies that the broker or agent will receive a fixed amount, and any excess above that amount becomes the owner's profit. Net listing agreements are rare due to potential conflicts of interest and legal complexities. 3. Multiple Listing Service (MLS) Agreement: This agreement allows the broker or agent to list the property on the MLS, a comprehensive database accessible to all participating brokers. It increases exposure and offers cooperative selling opportunities. It is crucial for both owners and brokers or agents to thoroughly understand the terms and requirements outlined in a New Hampshire listing agreement. Consulting legal professionals specializing in real estate can provide guidance and ensure compliance with state laws and regulations.
