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 Ohio Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a legally binding contract that establishes a relationship between a property owner (seller) and a licensed real estate broker or agent (listing broker). This agreement outlines the terms and conditions under which the broker will serve as the exclusive agent for the sale of the designated commercial property. The agreement typically begins with a section that defines the parties involved, including their contact information and legal entities. It also includes a comprehensive description of the commercial property, including its address, legal description, and any zoning restrictions or other relevant details. The essence of the Ohio Listing Agreement is the exclusive listing provision, which grants the listing broker the sole right to market and negotiate the sale of the commercial property for a specified period. This exclusivity means that the seller cannot engage any other brokers or agents during this time and must direct all inquiries and offers through the listing broker. The agreement will also establish the agreed-upon listing price for the property. This price is usually determined after a thorough market analysis performed by the listing broker, taking into consideration comparable sales, market conditions, and the property's unique features. Additionally, the agreement may include provisions for potential price adjustments or reductions should certain conditions occur, such as extended marketing periods or changes in market conditions. The additional terms and conditions section of the agreement covers a range of important aspects, including commission fees, marketing and advertising strategies, property showings, and access to property information and documentation. It may also include details on any specific obligations or responsibilities of both the seller and the listing broker, such as property maintenance, disclosure of defects or legal issues, and obtaining necessary permits or approvals. Furthermore, the Ohio Listing Agreement typically addresses the issue of dual agency, where the listing broker represents both the seller and the buyer in a transaction. The agreement will stipulate whether the broker has the ability to act as a dual agent or will be limited to representing only the seller's interests. It is essential to carefully review this section and consult legal counsel if necessary to ensure a proper understanding of its implications. Different types of Ohio Listing Agreements with a Broker or Realtor may include variations in their duration, such as a fixed-term agreement (e.g., six months or one year) or an open-ended agreement that can be terminated by either party with proper notice. There may also be variations in commission structures, such as a flat fee or a percentage of the sale price, depending on the negotiations between the seller and the listing broker. In summary, the Ohio Listing Agreement with a Broker or Realtor to sell commercial property or real estate — exclusive listing is a detailed contract that establishes a business relationship between a seller and a licensed broker or agent. This agreement governs the exclusive representation of the broker and outlines aspects like the property description, listing price, marketing strategies, commission fees, and other terms and conditions. It is essential for both parties to carefully review and understand the agreement before signing, seeking legal counsel if needed.The Ohio Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a legally binding contract that establishes a relationship between a property owner (seller) and a licensed real estate broker or agent (listing broker). This agreement outlines the terms and conditions under which the broker will serve as the exclusive agent for the sale of the designated commercial property. The agreement typically begins with a section that defines the parties involved, including their contact information and legal entities. It also includes a comprehensive description of the commercial property, including its address, legal description, and any zoning restrictions or other relevant details. The essence of the Ohio Listing Agreement is the exclusive listing provision, which grants the listing broker the sole right to market and negotiate the sale of the commercial property for a specified period. This exclusivity means that the seller cannot engage any other brokers or agents during this time and must direct all inquiries and offers through the listing broker. The agreement will also establish the agreed-upon listing price for the property. This price is usually determined after a thorough market analysis performed by the listing broker, taking into consideration comparable sales, market conditions, and the property's unique features. Additionally, the agreement may include provisions for potential price adjustments or reductions should certain conditions occur, such as extended marketing periods or changes in market conditions. The additional terms and conditions section of the agreement covers a range of important aspects, including commission fees, marketing and advertising strategies, property showings, and access to property information and documentation. It may also include details on any specific obligations or responsibilities of both the seller and the listing broker, such as property maintenance, disclosure of defects or legal issues, and obtaining necessary permits or approvals. Furthermore, the Ohio Listing Agreement typically addresses the issue of dual agency, where the listing broker represents both the seller and the buyer in a transaction. The agreement will stipulate whether the broker has the ability to act as a dual agent or will be limited to representing only the seller's interests. It is essential to carefully review this section and consult legal counsel if necessary to ensure a proper understanding of its implications. Different types of Ohio Listing Agreements with a Broker or Realtor may include variations in their duration, such as a fixed-term agreement (e.g., six months or one year) or an open-ended agreement that can be terminated by either party with proper notice. There may also be variations in commission structures, such as a flat fee or a percentage of the sale price, depending on the negotiations between the seller and the listing broker. In summary, the Ohio Listing Agreement with a Broker or Realtor to sell commercial property or real estate — exclusive listing is a detailed contract that establishes a business relationship between a seller and a licensed broker or agent. This agreement governs the exclusive representation of the broker and outlines aspects like the property description, listing price, marketing strategies, commission fees, and other terms and conditions. It is essential for both parties to carefully review and understand the agreement before signing, seeking legal counsel if needed.
