A broker is an agent who bargains or conducts negotiations for and on behalf of a person he or she represents, called a principal. The broker acts as an intermediary between the principal and third persons in the acquisition of contractual rights or the sale or purchase of property, and receives a commission or brokerage fee for his or her services. A broker has a duty to act in the principal's interest and not gain personal advantage at the principal's expense. The broker must avoid conflicts of interest that may arise in performing duties for or advising third parties whose interests are not aligned with those of the principal. A real estate broker offers services as agent in matters involving the sale, purchase, rental, and financing of real property.
The terms of the brokerage agreement determine the character of the services to be rendered as well as the broker's right to compensation in particular circumstances.
The Oregon Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal contract that defines the relationship between a property owner (the principal) and a real estate agency (the listing agent). This agreement is specific to the state of Oregon and is utilized when the principal wants to sell their property and engage the services of a listing agent to market and sell it to potential buyers. In this agreement, the principal grants the listing agent the exclusive right to represent and sell the property for an agreed-upon period. The exclusive nature of this agreement means that the principal cannot engage another real estate agency to market or sell the property within the specified timeframe, except the listing agent and any co-brokers they may bring on board to help facilitate the sale. The Oregon Exclusive Sales Agency Listing Agreement allows the listing agent to solicit co-brokers, which are other real estate agents or agencies, to bring their buyers and help with the sale. Co-brokers are compensated through an agreed-upon commission split between the listing agent and the co-broker, as outlined in the agreement. There may be variations or different types of the Oregon Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers, including: 1. Standard Exclusive Sales Agency Listing Agreement: This is the most common type of agreement, encompassing the typical terms and conditions for the exclusive representation of the property by the listing agent. 2. Exclusive Sales Agency Listing Agreement with Exclusions: This agreement may allow the principal to exclude specific parties or groups from being solicited as co-brokers. For example, if the principal wishes to restrict certain competitors or agents with conflicting interests, they can specify these exclusions in the agreement. 3. Exclusive Sales Agency Listing Agreement with Limited Term: This type of agreement may have a shorter duration than the standard agreement, allowing the principal to test the market or try a different approach within a specific timeframe. 4. Exclusive Sales Agency Listing Agreement with Performance Incentives: In some cases, the agreement might include performance-based incentives for the listing agent. These incentives can be additional bonuses or increased commission splits if certain sales targets or milestones are achieved. It is crucial to consult with a qualified real estate attorney or experienced real estate professional to ensure that any specific requirements or preferences are properly incorporated into the Oregon Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers.The Oregon Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal contract that defines the relationship between a property owner (the principal) and a real estate agency (the listing agent). This agreement is specific to the state of Oregon and is utilized when the principal wants to sell their property and engage the services of a listing agent to market and sell it to potential buyers. In this agreement, the principal grants the listing agent the exclusive right to represent and sell the property for an agreed-upon period. The exclusive nature of this agreement means that the principal cannot engage another real estate agency to market or sell the property within the specified timeframe, except the listing agent and any co-brokers they may bring on board to help facilitate the sale. The Oregon Exclusive Sales Agency Listing Agreement allows the listing agent to solicit co-brokers, which are other real estate agents or agencies, to bring their buyers and help with the sale. Co-brokers are compensated through an agreed-upon commission split between the listing agent and the co-broker, as outlined in the agreement. There may be variations or different types of the Oregon Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers, including: 1. Standard Exclusive Sales Agency Listing Agreement: This is the most common type of agreement, encompassing the typical terms and conditions for the exclusive representation of the property by the listing agent. 2. Exclusive Sales Agency Listing Agreement with Exclusions: This agreement may allow the principal to exclude specific parties or groups from being solicited as co-brokers. For example, if the principal wishes to restrict certain competitors or agents with conflicting interests, they can specify these exclusions in the agreement. 3. Exclusive Sales Agency Listing Agreement with Limited Term: This type of agreement may have a shorter duration than the standard agreement, allowing the principal to test the market or try a different approach within a specific timeframe. 4. Exclusive Sales Agency Listing Agreement with Performance Incentives: In some cases, the agreement might include performance-based incentives for the listing agent. These incentives can be additional bonuses or increased commission splits if certain sales targets or milestones are achieved. It is crucial to consult with a qualified real estate attorney or experienced real estate professional to ensure that any specific requirements or preferences are properly incorporated into the Oregon Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers.