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 Washington Listing Agreement with a Broker or Realtor to sell commercial property or real estate is a legally binding contract between a property owner and a licensed real estate broker or agent. This agreement grants the broker or agent the exclusive right to market and sell the property on behalf of the owner. The term "exclusive listing" refers to the fact that the owner agrees to work exclusively with the designated broker or agent, thereby limiting their ability to engage with other brokers or agents during the specified listing period. The Washington Listing Agreement typically includes essential details such as the listing price, the duration of the agreement, the broker's commission rate, and the specific rights and responsibilities of both parties. Additionally, it may contain provisions for marketing strategies, property disclosures, and any exclusions or inclusions related to the sale. There are different types of Washington Listing Agreements based on the level of exclusivity: 1. Exclusive Right to Sell Listing: This type of agreement grants the broker or agent full authority to market, advertise, and sell the commercial property. The broker is entitled to a commission regardless of whether the property is sold by the broker or another party during the listing period. 2. Exclusive Agency Listing: With an exclusive agency listing agreement, the broker retains the exclusive right to market the property, but the owner reserves the right to sell it independently without owing any commission to the broker. This type of agreement offers the owner more flexibility but may not provide the same level of agent commitment. 3. Open Listing: In an open listing agreement, the owner can engage multiple brokers and agents simultaneously to market and sell the property. The broker who successfully brings in a buyer and completes the sale is entitled to the commission. This type of agreement offers the owner the most flexibility, but it may lack the dedication and focused marketing efforts of an exclusive listing agreement. It is crucial for property owners to carefully review and understand the terms and conditions of the Washington Listing Agreement before signing. Seeking legal counsel and conducting thorough due diligence is recommended to ensure that the agreement aligns with their goals and protects their interests.
