A broker is an agent who bargains or conducts negotiations for and on behalf of a person he or she represents, called a principal. The broker acts as an intermediary between the principal and third persons in the acquisition of contractual rights or the sale or purchase of property, and receives a commission or brokerage fee for his or her services. A broker has a duty to act in the principal's interest and not gain personal advantage at the principal's expense. The broker must avoid conflicts of interest that may arise in performing duties for or advising third parties whose interests are not aligned with those of the principal. A real estate broker offers services as agent in matters involving the sale, purchase, rental, and financing of real property.
The terms of the brokerage agreement determine the character of the services to be rendered as well as the broker's right to compensation in particular circumstances.
The Wyoming Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding contract between a property owner (seller) and a real estate agency (broker). This agreement grants the broker the exclusive right to market and sell the property on behalf of the seller. It outlines the obligations and responsibilities of both parties during the sale process. Keywords: Wyoming, Exclusive Sales Agency Listing Agreement, Sale of Real Property, Brokers, Solicit Co-Brokers Types of Wyoming Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers: 1. Standard Exclusive Sales Agency Listing Agreement: This type of agreement allows the broker to be the sole representative for the sale of the property. The seller agrees not to engage any other brokers or agents during the listing period. The broker has the exclusive right to market, advertise, and negotiate the sale of the property. 2. Open Exclusive Sales Agency Listing Agreement: Under this agreement, the seller grants the broker the exclusive right to market and sell the property for a specific period. However, the seller retains the option to personally market and sell the property or engage other brokers during the listing period. If the property is sold by any means other than the efforts of the broker, no commission is owed to the broker. 3. Multiple Listing Exclusive Sales Agency Listing Agreement: This agreement allows the broker to list the property on multiple listing services (MLS) to gain wider exposure. It enables other brokers to co-broker the sale by bringing potential buyers. If a co-broker successfully procures a buyer, both the listing broker and the co-broker are entitled to a commission based on the terms agreed upon. 4. Exclusive Right to Sell Exclusive Sales Agency Listing Agreement: This is the most comprehensive form of agreement, where the broker has the exclusive right to market, advertise, negotiate, and sell the property. The seller is obligated to pay a commission to the broker regardless of who procures the buyer, including the seller themselves. This type of agreement provides the highest level of commitment from the seller to the broker. In conclusion, the Wyoming Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a contract that outlines the exclusive rights and responsibilities of the broker and seller during the sale of a property. Different types of this agreement exist to accommodate various levels of exclusivity and co-brokerage.The Wyoming Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding contract between a property owner (seller) and a real estate agency (broker). This agreement grants the broker the exclusive right to market and sell the property on behalf of the seller. It outlines the obligations and responsibilities of both parties during the sale process. Keywords: Wyoming, Exclusive Sales Agency Listing Agreement, Sale of Real Property, Brokers, Solicit Co-Brokers Types of Wyoming Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers: 1. Standard Exclusive Sales Agency Listing Agreement: This type of agreement allows the broker to be the sole representative for the sale of the property. The seller agrees not to engage any other brokers or agents during the listing period. The broker has the exclusive right to market, advertise, and negotiate the sale of the property. 2. Open Exclusive Sales Agency Listing Agreement: Under this agreement, the seller grants the broker the exclusive right to market and sell the property for a specific period. However, the seller retains the option to personally market and sell the property or engage other brokers during the listing period. If the property is sold by any means other than the efforts of the broker, no commission is owed to the broker. 3. Multiple Listing Exclusive Sales Agency Listing Agreement: This agreement allows the broker to list the property on multiple listing services (MLS) to gain wider exposure. It enables other brokers to co-broker the sale by bringing potential buyers. If a co-broker successfully procures a buyer, both the listing broker and the co-broker are entitled to a commission based on the terms agreed upon. 4. Exclusive Right to Sell Exclusive Sales Agency Listing Agreement: This is the most comprehensive form of agreement, where the broker has the exclusive right to market, advertise, negotiate, and sell the property. The seller is obligated to pay a commission to the broker regardless of who procures the buyer, including the seller themselves. This type of agreement provides the highest level of commitment from the seller to the broker. In conclusion, the Wyoming Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a contract that outlines the exclusive rights and responsibilities of the broker and seller during the sale of a property. Different types of this agreement exist to accommodate various levels of exclusivity and co-brokerage.
