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.
The New Mexico Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a legally binding contract between a property owner (referred to as the "Seller") and a licensed real estate broker or realtor (referred to as the "Broker") in the state of New Mexico. This agreement outlines the terms and conditions under which the Broker will be exclusively authorized to list, market, and sell the commercial property or real estate on behalf of the Seller. The Exclusive Listing Agreement grants the Broker the exclusive right to represent the Seller in all aspects of the property sale, including advertising, negotiating offers, and handling necessary paperwork. This means that during the term of the agreement, the Seller agrees not to work with any other brokers or market the property themselves. The agreement generally includes key details such as: 1. Identification of the Property: The agreement specifies the address, legal description, and any other pertinent details that accurately identify the commercial property or real estate being listed. 2. Exclusive Listing Period: This section outlines the duration of the exclusive agreement, usually expressed in months. During this time, the Seller agrees to work exclusively with the Broker to sell the property. 3. Broker's Duties and Responsibilities: The agreement details the specific tasks and services that the Broker will undertake to market and sell the property, such as conducting property inspections, creating marketing materials, listing the property on appropriate platforms, and actively seeking potential buyers. 4. Listing Price and Terms: The agreement establishes the listing price for the property, as determined by the Seller and the Broker. It may also include the terms of the sale, such as financing options, closing costs, or any contingencies. 5. Compensation and Commission: This section outlines how the Broker will be compensated for their services. It specifies the commission to be paid to the Broker upon a successful sale, which is typically a percentage of the final sale price. The agreement may also detail any additional fees or expenses that the Seller is responsible for, such as advertising costs. 6. Termination Conditions: The agreement may specify the circumstances under which the agreement can be terminated before its expiration date, such as non-performance by the Broker or a breach of contract by either party. Some types of exclusive listings in New Mexico may include: 1. Exclusive Agency Listing: In this type of agreement, the Seller agrees to exclusively list the property with one Broker, but retains the right to sell the property on their own. If the Seller finds a buyer without the Broker's involvement during the listing period, they may not be obligated to pay the Broker a commission. 2. Exclusive Right-to-Sell Listing: This type of agreement grants the Broker exclusive rights to represent the Seller in the sale of the property. Regardless of who finds the buyer (whether it's the Broker, another broker, or the Seller themselves), the Seller is obligated to pay the agreed-upon commission to the Broker. It is important for both parties to carefully review and understand the terms of the New Mexico Listing Agreement with a Broker or Realtor before signing, as it establishes the working relationship and responsibilities of each party during the property sale process. It is recommended to seek legal advice or consultation from a real estate professional when drafting or entering into such agreements.The New Mexico Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a legally binding contract between a property owner (referred to as the "Seller") and a licensed real estate broker or realtor (referred to as the "Broker") in the state of New Mexico. This agreement outlines the terms and conditions under which the Broker will be exclusively authorized to list, market, and sell the commercial property or real estate on behalf of the Seller. The Exclusive Listing Agreement grants the Broker the exclusive right to represent the Seller in all aspects of the property sale, including advertising, negotiating offers, and handling necessary paperwork. This means that during the term of the agreement, the Seller agrees not to work with any other brokers or market the property themselves. The agreement generally includes key details such as: 1. Identification of the Property: The agreement specifies the address, legal description, and any other pertinent details that accurately identify the commercial property or real estate being listed. 2. Exclusive Listing Period: This section outlines the duration of the exclusive agreement, usually expressed in months. During this time, the Seller agrees to work exclusively with the Broker to sell the property. 3. Broker's Duties and Responsibilities: The agreement details the specific tasks and services that the Broker will undertake to market and sell the property, such as conducting property inspections, creating marketing materials, listing the property on appropriate platforms, and actively seeking potential buyers. 4. Listing Price and Terms: The agreement establishes the listing price for the property, as determined by the Seller and the Broker. It may also include the terms of the sale, such as financing options, closing costs, or any contingencies. 5. Compensation and Commission: This section outlines how the Broker will be compensated for their services. It specifies the commission to be paid to the Broker upon a successful sale, which is typically a percentage of the final sale price. The agreement may also detail any additional fees or expenses that the Seller is responsible for, such as advertising costs. 6. Termination Conditions: The agreement may specify the circumstances under which the agreement can be terminated before its expiration date, such as non-performance by the Broker or a breach of contract by either party. Some types of exclusive listings in New Mexico may include: 1. Exclusive Agency Listing: In this type of agreement, the Seller agrees to exclusively list the property with one Broker, but retains the right to sell the property on their own. If the Seller finds a buyer without the Broker's involvement during the listing period, they may not be obligated to pay the Broker a commission. 2. Exclusive Right-to-Sell Listing: This type of agreement grants the Broker exclusive rights to represent the Seller in the sale of the property. Regardless of who finds the buyer (whether it's the Broker, another broker, or the Seller themselves), the Seller is obligated to pay the agreed-upon commission to the Broker. It is important for both parties to carefully review and understand the terms of the New Mexico Listing Agreement with a Broker or Realtor before signing, as it establishes the working relationship and responsibilities of each party during the property sale process. It is recommended to seek legal advice or consultation from a real estate professional when drafting or entering into such agreements.
