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.
A South Carolina Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a contractual agreement between an owner (seller) and a licensed real estate broker or agent (realtor) in South Carolina. This agreement grants the exclusive right to the broker or realtor to market, advertise, and sell the property on behalf of the owner. The primary purpose of the South Carolina Listing Agreement is to establish a legal relationship between the seller and the real estate professional. It outlines the terms and conditions under which the property will be marketed and sold, as well as the commission structure and duration of the listing. In South Carolina, there are generally two types of Exclusive Listing Agreements: 1. Exclusive Right to Sell Listing: This type of agreement grants the broker or realtor the exclusive right to sell the property, meaning that regardless of who finds the buyer (including the owner themselves), the broker or realtor is entitled to the agreed-upon commission. This type of listing offers the most protection and commitment for the broker or realtor. 2. Exclusive Agency Listing: This type of agreement grants the broker or realtor the exclusive right to sell the property, but allows the owner to also seek buyers on their own. If the owner finds a buyer without the involvement of the broker or realtor, they may not be obligated to pay the commission. However, if the broker or realtor brings a buyer to the table, they are entitled to the agreed-upon commission. The South Carolina Listing Agreement typically includes several key elements: 1. Property Description: This section provides a detailed description of the property to be sold, including its address, legal description, and any unique features or attributes. 2. Terms of the Listing: This section outlines the duration of the listing agreement, specifying the start and end dates. It also includes any specific terms or conditions agreed upon by both parties, such as listing price, marketing strategies, and showing arrangements. 3. Broker's Responsibilities: This section defines the broker or realtor's duties and responsibilities, including marketing and advertising the property, arranging showings, negotiating offers, and representing the owner throughout the sales process. 4. Owner's Responsibilities: This section outlines the owner's obligations, such as providing accurate and complete property information, maintaining the property, and cooperating with the broker or realtor's efforts to sell the property. 5. Commission Structure: This section specifies the commission to be paid to the broker or realtor upon successful sale of the property. It includes the commission percentage, how it will be divided in case of co-brokerage, and any additional fees or expenses that may be incurred during the sales process. 6. Termination Clause: This clause allows for the agreement to be terminated before the expiration date under certain circumstances, such as breach of contract or mutual agreement. It is important for both the seller and the real estate professional to carefully review and understand the South Carolina Listing Agreement before signing. Seeking legal advice is recommended to ensure compliance with state laws and protect the interests of both parties involved.
