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 Wisconsin Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing is a legal agreement that establishes a formal relationship between a property owner (referred to as the "Principal") and a licensed real estate broker or agent (referred to as the "Broker" or "Realtor"). This agreement grants exclusive rights to the Broker to market and sell the commercial property or real estate on behalf of the Principal. Keywords: Wisconsin, Listing Agreement, Broker, Realtor, Sell, Commercial Property, Real Estate, Exclusive Listing The agreement outlines the terms and conditions under which the property will be listed and sold. It is crucial for both parties to carefully review and understand the agreement before signing it to protect their interests. Some key elements included in the Wisconsin Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing are: 1. Parties Involved: The agreement identifies the Principal, who is the owner of the commercial property or real estate, and the Broker or Realtor, who is representing the Principal in the sale. 2. Exclusive Listing: This agreement grants exclusive rights to the Broker to market and sell the property for a specified period of time. During this time, the Principal cannot contract with any other Broker to sell the property. 3. Listing Price and Terms: The agreement includes the desired selling price for the property as determined by the Principal. It may also outline any specific terms or conditions, such as financing options or special considerations for the sale. 4. Compensation: The agreement specifies the compensation the Broker will receive for successfully selling the property. This may include a commission based on a percentage of the final sale price or a flat fee. The agreement may also outline any additional expenses the Principal will be responsible for, such as advertising costs. 5. Marketing and Promotion: The agreement outlines the specific marketing strategies the Broker will employ to promote the commercial property or real estate. This may include online listings, signage, property tours, advertisements, or any other suitable means. 6. Duration of the Agreement: The agreement will specify the duration of the exclusive listing period, which is typically negotiated between the Principal and the Broker. It is important to note that both parties should have a clear understanding of the expiration date and any renewal or termination options. Other types of Wisconsin Listing Agreements with a Broker or Realtor to Sell Commercial Property or Real Estate might include: 1. Non-Exclusive Listing Agreement: This agreement allows the Principal to engage multiple Brokers simultaneously to market the property. The Principal only pays a commission to the Broker who brings a qualified buyer. 2. Open Listing Agreement: This agreement allows the Principal to list the property with multiple Brokers simultaneously. The Principal pays a commission to the Broker who successfully sells the property first. In conclusion, the Wisconsin Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing is a legally binding agreement that establishes the relationship between the Principal and the Broker. It outlines the terms and conditions for marketing and selling the commercial property or real estate, including pricing, compensation, and duration. Different types of listing agreements, such as non-exclusive and open listings, may also be available in Wisconsin.The Wisconsin Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing is a legal agreement that establishes a formal relationship between a property owner (referred to as the "Principal") and a licensed real estate broker or agent (referred to as the "Broker" or "Realtor"). This agreement grants exclusive rights to the Broker to market and sell the commercial property or real estate on behalf of the Principal. Keywords: Wisconsin, Listing Agreement, Broker, Realtor, Sell, Commercial Property, Real Estate, Exclusive Listing The agreement outlines the terms and conditions under which the property will be listed and sold. It is crucial for both parties to carefully review and understand the agreement before signing it to protect their interests. Some key elements included in the Wisconsin Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing are: 1. Parties Involved: The agreement identifies the Principal, who is the owner of the commercial property or real estate, and the Broker or Realtor, who is representing the Principal in the sale. 2. Exclusive Listing: This agreement grants exclusive rights to the Broker to market and sell the property for a specified period of time. During this time, the Principal cannot contract with any other Broker to sell the property. 3. Listing Price and Terms: The agreement includes the desired selling price for the property as determined by the Principal. It may also outline any specific terms or conditions, such as financing options or special considerations for the sale. 4. Compensation: The agreement specifies the compensation the Broker will receive for successfully selling the property. This may include a commission based on a percentage of the final sale price or a flat fee. The agreement may also outline any additional expenses the Principal will be responsible for, such as advertising costs. 5. Marketing and Promotion: The agreement outlines the specific marketing strategies the Broker will employ to promote the commercial property or real estate. This may include online listings, signage, property tours, advertisements, or any other suitable means. 6. Duration of the Agreement: The agreement will specify the duration of the exclusive listing period, which is typically negotiated between the Principal and the Broker. It is important to note that both parties should have a clear understanding of the expiration date and any renewal or termination options. Other types of Wisconsin Listing Agreements with a Broker or Realtor to Sell Commercial Property or Real Estate might include: 1. Non-Exclusive Listing Agreement: This agreement allows the Principal to engage multiple Brokers simultaneously to market the property. The Principal only pays a commission to the Broker who brings a qualified buyer. 2. Open Listing Agreement: This agreement allows the Principal to list the property with multiple Brokers simultaneously. The Principal pays a commission to the Broker who successfully sells the property first. In conclusion, the Wisconsin Listing Agreement with a Broker or Realtor to Sell Commercial Property or Real Estate — Exclusive Listing is a legally binding agreement that establishes the relationship between the Principal and the Broker. It outlines the terms and conditions for marketing and selling the commercial property or real estate, including pricing, compensation, and duration. Different types of listing agreements, such as non-exclusive and open listings, may also be available in Wisconsin.
