Washington Listing Agreement with Broker for Leasing of Premises with Commission Agreement

• Category: Real Estate - Listing Agreements
• State: Multi-State
• Control #: US-0584BG
• Format: Word; Rich Text

Description

This form is a listing agreement with a broker for the leasing of real property and contains a commission agreement. The Washington Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract between a property owner (the "Principal") and a licensed real estate broker (the "Broker") in the state of Washington. This agreement establishes the terms and conditions under which the Broker will represent the Principal in leasing their premises and earn a commission for their services. The agreement typically includes a provision for exclusive representation, meaning that the Principal grants the Broker the exclusive right to market and lease the premises during the agreement's duration. It outlines the specific property or properties covered by the agreement and describes the Broker's duties and responsibilities. Keywords: Washington, listing agreement, broker, leasing premises, commission agreement, property owner, real estate, exclusive representation. There may be different types of Washington Listing Agreement with Broker for Leasing of Premises with Commission Agreement, including: 1. Exclusive Right to Lease Agreement: This type of agreement grants the Broker exclusive rights to lease the premises, meaning that no other brokers or the Principal can lease the property during the agreement's duration. The Broker is entitled to a commission regardless of who finds the tenant. 2. Exclusive Agency Agreement: In this type of agreement, the Principal grants the Broker the exclusive right to lease the premises, but retains the right to lease the property themselves without paying a commission. The Broker only earns a commission if they find a tenant. 3. Open Listing Agreement: Unlike exclusive agreements, an open listing agreement allows the Principal to work with multiple brokers simultaneously. The Broker who procures a tenant for the premises is entitled to the commission, while other brokers may not receive compensation. These variations in the agreement's type allow the Principal to choose the level of exclusivity and commission structure that best suits their needs and preferences. It is crucial for both the Principal and the Broker to thoroughly review and understand the terms and conditions outlined in the Washington Listing Agreement with Broker for Leasing of Premises with Commission Agreement before signing. It is also recommended consulting with legal professionals to ensure compliance with Washington state laws and regulations.

The Washington Listing Agreement with Broker for Leasing of Premises with Commission Agreement is a legally binding contract between a property owner (the "Principal") and a licensed real estate broker (the "Broker") in the state of Washington. This agreement establishes the terms and conditions under which the Broker will represent the Principal in leasing their premises and earn a commission for their services. The agreement typically includes a provision for exclusive representation, meaning that the Principal grants the Broker the exclusive right to market and lease the premises during the agreement's duration. It outlines the specific property or properties covered by the agreement and describes the Broker's duties and responsibilities. Keywords: Washington, listing agreement, broker, leasing premises, commission agreement, property owner, real estate, exclusive representation. There may be different types of Washington Listing Agreement with Broker for Leasing of Premises with Commission Agreement, including: 1. Exclusive Right to Lease Agreement: This type of agreement grants the Broker exclusive rights to lease the premises, meaning that no other brokers or the Principal can lease the property during the agreement's duration. The Broker is entitled to a commission regardless of who finds the tenant. 2. Exclusive Agency Agreement: In this type of agreement, the Principal grants the Broker the exclusive right to lease the premises, but retains the right to lease the property themselves without paying a commission. The Broker only earns a commission if they find a tenant. 3. Open Listing Agreement: Unlike exclusive agreements, an open listing agreement allows the Principal to work with multiple brokers simultaneously. The Broker who procures a tenant for the premises is entitled to the commission, while other brokers may not receive compensation. These variations in the agreement's type allow the Principal to choose the level of exclusivity and commission structure that best suits their needs and preferences. It is crucial for both the Principal and the Broker to thoroughly review and understand the terms and conditions outlined in the Washington Listing Agreement with Broker for Leasing of Premises with Commission Agreement before signing. It is also recommended consulting with legal professionals to ensure compliance with Washington state laws and regulations.