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 Wisconsin Exclusive Agreement with a Real Estate Broker to Locate Suitable Retail or Commercial Property to Lease or Purchase is a legally binding contract between a property owner or landlord and a real estate broker. This agreement establishes an exclusive relationship where the broker assumes the responsibility to find and secure retail or commercial properties that meet the client's specific leasing or purchasing needs. There are two main types of Exclusive Agreements commonly used in Wisconsin: 1. Exclusive Right to Lease Agreement: This type of agreement gives the real estate broker exclusive rights to represent the client in finding suitable retail or commercial properties to lease. The broker is entitled to earn a commission if the client successfully leases a property during the term of the agreement. During this period, the client is prohibited from engaging any other brokers or leasing agents to find properties on their behalf. 2. Exclusive Right to Purchase Agreement: This agreement grants the real estate broker the exclusive right to search for and present suitable retail or commercial properties for purchase. The broker is entitled to earn a commission if the client successfully purchases a property during the agreement's term. Similarly, the client is prohibited from engaging other brokers or agents for property search purposes. Keywords: — Wisconsin ExclusivAgreementen— - Real Estate Broker — Retail or CommerciaPropertyrt— - Lease or Purchase — Suitable Propert— - Exclusive Right to Lease Agreement — Exclusive Right to PurchasAgreementen— - Commission — Property owner - Landlor— - Broker relationship — Property search
