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 Texas Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a legally binding document that outlines the terms and conditions under which a property owner engages the services of a real estate broker or agent to market and sell their commercial property. This agreement is known as an "exclusive listing" because it grants the designated broker or realtor exclusive rights to represent the property owner in the sale of the property. The exclusive listing agreement is specific to the state of Texas and is governed by Texas real estate laws. It is important to understand that there may be different variations or types of exclusive listing agreements used by brokers or realtors, depending on their individual practices or affiliations. However, the most common types include: 1. Exclusive Right-to-Sell Listing: This type of agreement grants the broker or realtor the exclusive right to represent the property owner in selling the property. In this case, regardless of who ultimately finds a buyer for the property (including the owner themselves), the broker or realtor is still entitled to a commission. 2. Exclusive Agency Listing: In an exclusive agency listing agreement, the broker or realtor has the exclusive right to represent the property owner, but unlike the exclusive right-to-sell listing, the owner retains the right to sell the property themselves without having to pay a commission to the broker or realtor. Regardless of the specific type, a Texas Listing Agreement with a Broker or Realtor to sell commercial property or real estate typically includes the following key elements: 1. Parties involved: The agreement identifies the property owner as the "Seller" and the broker or realtor as the "Listing Broker" or "Listing Agent." The agreement may also include the brokerage company name and address. 2. Property details: The agreement includes a detailed description of the commercial property, including its location, address, legal description, and any unique features or amenities. 3. Listing price and terms: The agreement sets out the listing price for the property, as determined by the property owner and the Listing Broker. It may also specify any contingencies or conditions that the property owner requires for the sale. 4. Duration of the agreement: The agreement specifies the start and end dates of the exclusive listing period. This period is typically negotiable but can range from a few months to a year or more. 5. Listing commission: The agreement outlines the commission rate or fee that the property owner agrees to pay the Listing Broker upon the successful sale of the property. This rate is typically a percentage of the final sale price and may be subject to negotiation. 6. Marketing and advertising: The agreement includes the Listing Broker's responsibilities for marketing and advertising the property. This may include utilizing various channels such as online listings, signage, brochures, or other promotional methods to attract potential buyers. 7. Broker's duties and obligations: The agreement specifies the duties and obligations of the Listing Broker, including fiduciary responsibilities, diligent marketing efforts, and maintaining confidentiality. It is essential for both the property owner and the broker or realtor to thoroughly review, understand, and negotiate the terms and conditions of the listing agreement. Additionally, it is highly recommended that parties seek independent legal advice before signing any legally binding agreements.The Texas Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a legally binding document that outlines the terms and conditions under which a property owner engages the services of a real estate broker or agent to market and sell their commercial property. This agreement is known as an "exclusive listing" because it grants the designated broker or realtor exclusive rights to represent the property owner in the sale of the property. The exclusive listing agreement is specific to the state of Texas and is governed by Texas real estate laws. It is important to understand that there may be different variations or types of exclusive listing agreements used by brokers or realtors, depending on their individual practices or affiliations. However, the most common types include: 1. Exclusive Right-to-Sell Listing: This type of agreement grants the broker or realtor the exclusive right to represent the property owner in selling the property. In this case, regardless of who ultimately finds a buyer for the property (including the owner themselves), the broker or realtor is still entitled to a commission. 2. Exclusive Agency Listing: In an exclusive agency listing agreement, the broker or realtor has the exclusive right to represent the property owner, but unlike the exclusive right-to-sell listing, the owner retains the right to sell the property themselves without having to pay a commission to the broker or realtor. Regardless of the specific type, a Texas Listing Agreement with a Broker or Realtor to sell commercial property or real estate typically includes the following key elements: 1. Parties involved: The agreement identifies the property owner as the "Seller" and the broker or realtor as the "Listing Broker" or "Listing Agent." The agreement may also include the brokerage company name and address. 2. Property details: The agreement includes a detailed description of the commercial property, including its location, address, legal description, and any unique features or amenities. 3. Listing price and terms: The agreement sets out the listing price for the property, as determined by the property owner and the Listing Broker. It may also specify any contingencies or conditions that the property owner requires for the sale. 4. Duration of the agreement: The agreement specifies the start and end dates of the exclusive listing period. This period is typically negotiable but can range from a few months to a year or more. 5. Listing commission: The agreement outlines the commission rate or fee that the property owner agrees to pay the Listing Broker upon the successful sale of the property. This rate is typically a percentage of the final sale price and may be subject to negotiation. 6. Marketing and advertising: The agreement includes the Listing Broker's responsibilities for marketing and advertising the property. This may include utilizing various channels such as online listings, signage, brochures, or other promotional methods to attract potential buyers. 7. Broker's duties and obligations: The agreement specifies the duties and obligations of the Listing Broker, including fiduciary responsibilities, diligent marketing efforts, and maintaining confidentiality. It is essential for both the property owner and the broker or realtor to thoroughly review, understand, and negotiate the terms and conditions of the listing agreement. Additionally, it is highly recommended that parties seek independent legal advice before signing any legally binding agreements.
