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.
New Hampshire Contract to be Exclusive Agent or Realtor for Buyer and to Charge Fixed Rate of Commission in a Real Estate Transaction
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FAQ
You typically enter into an exclusive contract with a real estate agent when you decide to buy or sell property and want a committed partner. This contract becomes effective once both you and the agent sign it, specifying the terms and duration of the agreement. In New Hampshire, such contracts often outline the fixed rate of commission, ensuring clear expectations from the outset.
Dual Agency without informed, written consent is illegal in New Hampshire. If either party is uncomfortable with the transaction, then typically the Buyer is encouraged to find an agent in another office to assist them, or to work with their agent in Another Relationship (or as a non-agent).
How is an exclusive listing different than a traditional listing? An exclusive listing means that your salesperson or broker will be marketing the home on your behalf, without posting it on the Multiple Listings Service (MLS).
Exclusive sale is an agreement between an owner of the property and an intermeddler that the owner will not sell the property to any person other than the person brought by the intermeddler. A person entering into an exclusive agreement cannot sell his/her property to other persons during the period of contract.
Which of the following is a similarity between an exclusive-agency listing and an exclusive-right-to-sell listing? Both types of listings give the responsibility of representing the seller to one broker only. Under each, the seller authorizes only one particular salesperson to show the property.
Exclusive agency listing: Agents get paid in this type of agreement only if they sell the property. No fee is earned if the owner alone sells the property. Open listing: In this type of agreement, sellers have the right to use as many brokers as they want.
An exclusive listing is a type of real estate listing agreement in which one broker is appointed as the seller's sole agent. In an exclusive agency listing, the seller retains the right to sell the property, with no obligation to the broker.
How are an exclusive-agency listing and an exclusive right-to-sell listing alike? The responsibility of representing the seller is given to one broker only. The seller retains the right to sell the real estate without the broker's help and without paying the broker a commission.
In an exclusive listing, only one broker is specifically authorized to act as the exclusive agent of the seller. That means one broker has the sole right to market, show, and sell the property; other brokers are excluded from trying to sell the property while the agreement is active.
A There's no law as such but the contract you have signed with your estate agent will state that you, as the seller and the person who has employed the estate agent, are responsible for paying the agent's fee.