New York Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate

• Category: Real Estate - Brokers
• State: Multi-State
• Control #: US-00440BG
• Format: Word

Description

This is a very straight forward form that grants to a realtor or broker the sole and exclusive right to sell the commercial property described in the agreement. It contains some warranties by Owner that the Owner's title is marketable. A New York Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legally binding contract between a property owner and a real estate broker. This agreement entitles the broker to have the exclusive right to market and sell the commercial property on behalf of the owner. The purpose of this agreement is to establish a professional relationship between the property owner and the broker, ensuring that the owner receives dedicated marketing efforts and representation by the broker, while giving the broker the exclusive right to earn a commission upon the successful sale of the property. There may be different types of New York Listing Agreements, such as standard listing agreements, open listing agreements, exclusive agency listing agreements, and exclusive right to sell listing agreements. These variations depend on the specific terms negotiated between the property owner and the broker. In a standard listing agreement, the property owner grants the broker the exclusive right to sell the property, preventing the owner from working with other brokers or selling the property on their own during the agreement's duration. The broker is responsible for marketing the property, arranging showings, negotiating offers, and handling the paperwork required for the sale. An open listing agreement allows the property owner to work with multiple brokers or even sell the property independently, providing a non-exclusive right to sell. In this agreement, the broker who brings a successful buyer is entitled to a commission, while the owner retains the freedom to engage other brokers simultaneously. An exclusive agency listing agreement restricts the owner from working with other brokers but allows them to sell the property independently without paying a commission to the broker. The broker is only entitled to a commission if they bring a buyer who purchases the property. The most common and comprehensive type is the exclusive right to sell listing agreement. It grants the broker the exclusive right to sell the property, making the broker the sole representative of the owner. The broker is entitled to a commission regardless of who finds the buyer, ensuring that the broker's efforts are protected and incentivized. The New York Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate typically outlines the property details, the listing price, the duration of the agreement, the broker's commission rate, and any specific conditions or provisions agreed upon by both parties. This agreement is crucial for property owners who wish to sell their commercial property as it establishes a professional relationship with a qualified broker, ensuring dedicated marketing efforts, wider exposure, and increased chances of a successful sale.

A New York Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate is a legally binding contract between a property owner and a real estate broker. This agreement entitles the broker to have the exclusive right to market and sell the commercial property on behalf of the owner. The purpose of this agreement is to establish a professional relationship between the property owner and the broker, ensuring that the owner receives dedicated marketing efforts and representation by the broker, while giving the broker the exclusive right to earn a commission upon the successful sale of the property. There may be different types of New York Listing Agreements, such as standard listing agreements, open listing agreements, exclusive agency listing agreements, and exclusive right to sell listing agreements. These variations depend on the specific terms negotiated between the property owner and the broker. In a standard listing agreement, the property owner grants the broker the exclusive right to sell the property, preventing the owner from working with other brokers or selling the property on their own during the agreement's duration. The broker is responsible for marketing the property, arranging showings, negotiating offers, and handling the paperwork required for the sale. An open listing agreement allows the property owner to work with multiple brokers or even sell the property independently, providing a non-exclusive right to sell. In this agreement, the broker who brings a successful buyer is entitled to a commission, while the owner retains the freedom to engage other brokers simultaneously. An exclusive agency listing agreement restricts the owner from working with other brokers but allows them to sell the property independently without paying a commission to the broker. The broker is only entitled to a commission if they bring a buyer who purchases the property. The most common and comprehensive type is the exclusive right to sell listing agreement. It grants the broker the exclusive right to sell the property, making the broker the sole representative of the owner. The broker is entitled to a commission regardless of who finds the buyer, ensuring that the broker's efforts are protected and incentivized. The New York Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate typically outlines the property details, the listing price, the duration of the agreement, the broker's commission rate, and any specific conditions or provisions agreed upon by both parties. This agreement is crucial for property owners who wish to sell their commercial property as it establishes a professional relationship with a qualified broker, ensuring dedicated marketing efforts, wider exposure, and increased chances of a successful sale.