West Virginia Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate

• Category: Real Estate - Brokers
• State: Multi-State
• Control #: US-00440BG
• Format: Word

Description

This is a very straight forward form that grants to a realtor or broker the sole and exclusive right to sell the commercial property described in the agreement. It contains some warranties by Owner that the Owner's title is marketable. The West Virginia Listing Agreement is a legally binding contract that grants a broker or realtor the exclusive right to represent and sell commercial property or real estate on behalf of the property owner. This agreement ensures that only the designated broker or realtor will have the authority to market the property and negotiate the terms of sale. There are different types of West Virginia Listing Agreements, each catering to specific commercial property needs. Some of these variations include: 1. Exclusive Right to Sell Listing Agreement: This is the most common type of agreement, granting the broker or realtor the exclusive right to represent and sell the property. The property owner agrees not to hire any other brokers or realtors during the term of the agreement. The broker is entitled to commission upon the successful sale of the property, regardless of whether the buyer is procured by the broker or the property owner. 2. Exclusive Agency Listing Agreement: In this type of agreement, the broker or realtor is granted the exclusive right to represent and sell the property, but the property owner retains the right to sell the property by themselves without paying a commission. However, if the property owner procures a buyer on their own during the term of the agreement, the broker may still be entitled to a commission. 3. Open Listing Agreement: This type of agreement allows the property owner to list their property with multiple brokers or realtors simultaneously, where the commission is only paid to the broker or realtor who brings a successful buyer. The property owner reserves the right to sell the property on their own without paying any commission. The West Virginia Listing Agreement typically includes specific details such as the property owner's name and contact information, a description of the property, the listing price, the duration of the agreement, the broker's commission rate, and any additional terms or conditions agreed upon by both parties. It is important for both the property owner and the broker or realtor to carefully review and understand all terms and obligations stated in the agreement before signing.

The West Virginia Listing Agreement is a legally binding contract that grants a broker or realtor the exclusive right to represent and sell commercial property or real estate on behalf of the property owner. This agreement ensures that only the designated broker or realtor will have the authority to market the property and negotiate the terms of sale. There are different types of West Virginia Listing Agreements, each catering to specific commercial property needs. Some of these variations include: 1. Exclusive Right to Sell Listing Agreement: This is the most common type of agreement, granting the broker or realtor the exclusive right to represent and sell the property. The property owner agrees not to hire any other brokers or realtors during the term of the agreement. The broker is entitled to commission upon the successful sale of the property, regardless of whether the buyer is procured by the broker or the property owner. 2. Exclusive Agency Listing Agreement: In this type of agreement, the broker or realtor is granted the exclusive right to represent and sell the property, but the property owner retains the right to sell the property by themselves without paying a commission. However, if the property owner procures a buyer on their own during the term of the agreement, the broker may still be entitled to a commission. 3. Open Listing Agreement: This type of agreement allows the property owner to list their property with multiple brokers or realtors simultaneously, where the commission is only paid to the broker or realtor who brings a successful buyer. The property owner reserves the right to sell the property on their own without paying any commission. The West Virginia Listing Agreement typically includes specific details such as the property owner's name and contact information, a description of the property, the listing price, the duration of the agreement, the broker's commission rate, and any additional terms or conditions agreed upon by both parties. It is important for both the property owner and the broker or realtor to carefully review and understand all terms and obligations stated in the agreement before signing.