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 Oregon Listing Agreement With a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing is a legally binding contract between a property owner (commonly referred to as the "Seller") and a licensed real estate broker or Realtor (known as the "Listing Broker"). This agreement establishes an exclusive agency relationship where only the Listing Broker is authorized to market and sell the commercial property or real estate on behalf of the Seller. Keywords: Oregon, listing agreement, broker, Realtor, sell, commercial property, real estate, exclusive listing. By entering into this agreement, the Seller grants the Listing Broker exclusive rights, privileges, and responsibilities to represent and promote the property. This means that during the term of the agreement, the Seller cannot personally market or sell the property or engage any other brokers or agents to do so. As the exclusive listing agent, the Listing Broker has a fiduciary duty to act in the best interests of the Seller and is bound by ethical and professional standards. The Oregon Listing Agreement With a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing typically includes various essential elements such as: 1. Identification and Description: The agreement begins by identifying the parties involved, including the legal names and contact information of the Seller and the Listing Broker. It also provides a detailed description of the commercial property or real estate being listed for sale, including its address, legal description, and any special features. 2. Exclusive Right to Sell: This clause outlines that the Seller grants exclusive rights to the Listing Broker to market, advertise, and sell the property within a specified time frame. It prevents the Seller from working with any other brokers or agents during the term of the agreement. 3. Price and Terms: The agreement specifies the listing price of the property, as well as any acceptable financing terms or conditions. It may also include provisions for price adjustments, if necessary, after certain milestones or a specified period. 4. Commission and Fees: This section outlines the commission structure and fee arrangements between the Seller and the Listing Broker. It includes the agreed-upon commission percentage or flat fee the Seller will pay to the Listing Broker upon a successful sale. 5. Term and Termination: The agreement states the initial term for which the Listing Broker is exclusively authorized to market and sell the property. It also includes provisions for extensions, early termination, or termination upon specific conditions or events. 6. Marketing and Promotion: This clause describes the actions the Listing Broker will undertake to market and advertise the property, including listing it on the appropriate multiple listing service (MLS), online platforms, signage, brochures, photographs, virtual tours, open houses, and any other marketing strategies agreed upon. 7. Seller's Obligations: This section outlines the responsibilities of the Seller, such as providing accurate information about the property, allowing access for property showings, maintaining the property's condition, and cooperating with the Listing Broker's marketing efforts. 8. Limitations and Disclosures: The agreement may include any limitations, restrictions, or disclosures related to the property, such as existing leases, encumbrances, environmental considerations, or property condition disclosures. It's important to note that while the above outline covers the general structure of an exclusive listing agreement, the specific terms and conditions may vary between different types of commercial properties (e.g., retail, office, industrial) and negotiate between the Seller and the Listing Broker.
