Exclusive Right - to - Lease Listing Contract: This is an official Colorado Real Estate Commission form that complies with all applicable Colorado codes and statutes. USLF amends and updates all Colorado forms as is required by Colorado statutes and law.
In Colorado Springs, Colorado, the Exclusive Right-to-Lease Listing Contract with Agency or Transaction Broker is a legally binding agreement between a property owner (the landlord) and a licensed real estate agent or broker, aimed at facilitating the leasing process for residential or commercial properties. This contract grants the agent or broker the exclusive right to represent the landlord in marketing, advertising, and negotiating the lease for the property. The Exclusive Right-to-Lease listing contract can be further categorized into two types: with Agency or with Transaction Broker representation. 1. Exclusive Right-to-Lease Listing Contract with Agency: Under this type of contract, the real estate agent or broker works as a representative of the landlord (the principal). The agent has a fiduciary duty to act in the best interest of the landlord, providing services such as conducting market research, determining the appropriate rental price, advertising the property, screening potential tenants, negotiating lease terms, and handling the necessary paperwork. The agent is bound to keep all communication confidential and disclose all relevant information to the landlord. 2. Exclusive Right-to-Lease Listing Contract with Transaction Broker: Alternatively, the landlord may choose to enter into an Exclusive Right-to-Lease listing contract with a transaction broker. In this scenario, the real estate professional works as a neutral intermediary, providing assistance to both the landlord and potential tenants. The transaction broker doesn't have the same fiduciary responsibilities as an agent, but instead, facilitates the leasing process without advocating for either party's interests. The transaction broker remains impartial and ensures smooth communication, disclosure of information, and preparation of leases throughout the transaction. Keywords: Colorado Springs, Colorado, Exclusive Right-to-Lease, Listing Contract, Agency, Transaction Broker, property owner, licensed real estate agent, broker, leasing process, residential, commercial, marketing, advertising, negotiation, landlord representation, fiduciary duty, rental price, tenant screening, confidentiality, disclosure, transaction facilitation, neutral intermediary, advocacy, impartiality, communication, lease preparation.In Colorado Springs, Colorado, the Exclusive Right-to-Lease Listing Contract with Agency or Transaction Broker is a legally binding agreement between a property owner (the landlord) and a licensed real estate agent or broker, aimed at facilitating the leasing process for residential or commercial properties. This contract grants the agent or broker the exclusive right to represent the landlord in marketing, advertising, and negotiating the lease for the property. The Exclusive Right-to-Lease listing contract can be further categorized into two types: with Agency or with Transaction Broker representation. 1. Exclusive Right-to-Lease Listing Contract with Agency: Under this type of contract, the real estate agent or broker works as a representative of the landlord (the principal). The agent has a fiduciary duty to act in the best interest of the landlord, providing services such as conducting market research, determining the appropriate rental price, advertising the property, screening potential tenants, negotiating lease terms, and handling the necessary paperwork. The agent is bound to keep all communication confidential and disclose all relevant information to the landlord. 2. Exclusive Right-to-Lease Listing Contract with Transaction Broker: Alternatively, the landlord may choose to enter into an Exclusive Right-to-Lease listing contract with a transaction broker. In this scenario, the real estate professional works as a neutral intermediary, providing assistance to both the landlord and potential tenants. The transaction broker doesn't have the same fiduciary responsibilities as an agent, but instead, facilitates the leasing process without advocating for either party's interests. The transaction broker remains impartial and ensures smooth communication, disclosure of information, and preparation of leases throughout the transaction. Keywords: Colorado Springs, Colorado, Exclusive Right-to-Lease, Listing Contract, Agency, Transaction Broker, property owner, licensed real estate agent, broker, leasing process, residential, commercial, marketing, advertising, negotiation, landlord representation, fiduciary duty, rental price, tenant screening, confidentiality, disclosure, transaction facilitation, neutral intermediary, advocacy, impartiality, communication, lease preparation.
