Bronx New York Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate

• Category: Real Estate - Brokers
• State: Multi-State
• County: Bronx
• 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 Bronx, New York is a vibrant borough located north of Manhattan, known for its rich cultural heritage and diverse communities. In this bustling urban setting, property sales are common, and individuals looking to sell commercial properties or real estate often enter into listing agreements with brokers or realtors to secure their services. A listing agreement is a legally binding contract that grants the broker or realtor exclusive rights to sell the property on behalf of the owner. There are different types of listing agreements that can be used in the Bronx, New York, granting brokers or realtors the exclusive right to sell commercial properties or real estate. Here are some of the common types: 1. Exclusive Right to Sell Listing Agreement: This is the most common type of listing agreement where the property owner grants the broker or realtor exclusive rights to sell the property. It means that even if the property owner finds a buyer independently, they are still obligated to pay the agreed-upon commission to the broker or realtor. 2. Exclusive Agency Listing Agreement: With this type of agreement, the property owner grants exclusivity to one broker or realtor, but retains the right to sell the property themselves without paying a commission. However, if the broker or realtor finds a buyer, they are entitled to receive the agreed-upon commission. 3. Open Listing Agreement: This agreement allows the property owner to list the property with multiple brokers or realtors simultaneously. The one who brings the buyer first receives the commission. In an open listing agreement, the property owner can also sell the property independently without any obligation to pay a commission. 4. Net Listing Agreement: A less common type of agreement, a net listing allows the broker or realtor to receive a commission that exceeds the desired sale price of the property. In this case, the excess amount above the desired sale price becomes the broker or realtor's commission. When considering a listing agreement, it is crucial for property owners in the Bronx, New York to understand the terms, conditions, and obligations of each type. It is recommended to seek legal advice and conduct thorough research to select the most suitable listing agreement that aligns with their goals and requirements. By choosing the right listing agreement and engaging a trusted broker or realtor, property owners can optimize their chances of selling their commercial property or real estate efficiently and effectively in the dynamic market of the Bronx, New York.

The Bronx, New York is a vibrant borough located north of Manhattan, known for its rich cultural heritage and diverse communities. In this bustling urban setting, property sales are common, and individuals looking to sell commercial properties or real estate often enter into listing agreements with brokers or realtors to secure their services. A listing agreement is a legally binding contract that grants the broker or realtor exclusive rights to sell the property on behalf of the owner. There are different types of listing agreements that can be used in the Bronx, New York, granting brokers or realtors the exclusive right to sell commercial properties or real estate. Here are some of the common types: 1. Exclusive Right to Sell Listing Agreement: This is the most common type of listing agreement where the property owner grants the broker or realtor exclusive rights to sell the property. It means that even if the property owner finds a buyer independently, they are still obligated to pay the agreed-upon commission to the broker or realtor. 2. Exclusive Agency Listing Agreement: With this type of agreement, the property owner grants exclusivity to one broker or realtor, but retains the right to sell the property themselves without paying a commission. However, if the broker or realtor finds a buyer, they are entitled to receive the agreed-upon commission. 3. Open Listing Agreement: This agreement allows the property owner to list the property with multiple brokers or realtors simultaneously. The one who brings the buyer first receives the commission. In an open listing agreement, the property owner can also sell the property independently without any obligation to pay a commission. 4. Net Listing Agreement: A less common type of agreement, a net listing allows the broker or realtor to receive a commission that exceeds the desired sale price of the property. In this case, the excess amount above the desired sale price becomes the broker or realtor's commission. When considering a listing agreement, it is crucial for property owners in the Bronx, New York to understand the terms, conditions, and obligations of each type. It is recommended to seek legal advice and conduct thorough research to select the most suitable listing agreement that aligns with their goals and requirements. By choosing the right listing agreement and engaging a trusted broker or realtor, property owners can optimize their chances of selling their commercial property or real estate efficiently and effectively in the dynamic market of the Bronx, New York.