Pima Arizona 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: Pima
• 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. A Lima Arizona Listing Agreement is a legal document that grants a licensed real estate broker or realtor the exclusive right to sell commercial property or real estate in the Lima area of Arizona. This agreement establishes a professional relationship between the property owner or seller (the client) and the real estate agent, giving the agent the sole authority to market, advertise, and negotiate the sale of the property on behalf of the client. The exclusive right to sell agreement is the most common type of listing agreement in Lima, Arizona. It provides the broker or realtor with the exclusive right to represent the client in all aspects of the property sale for a specified duration, typically 90 to 180 days. During this period, the client cannot work with any other real estate professional to market or sell the property. The agreement legally obligates the client to pay the agreed-upon commission to the agent upon the successful sale of the property, regardless of who ultimately procures the buyer. In addition to the standard exclusive right to sell agreement, there may be variations or addenda tailored to specific circumstances. For example, a net listing agreement allows the seller to determine a minimum acceptable price, and any amount above that price becomes the agent's commission. This type of agreement may be suitable when there is uncertainty about the property's value or the seller is looking for a quick sale. Another variant is the open listing agreement, where the client can work with multiple brokers simultaneously. In an open listing, the broker who procures the buyer earns the commission, eliminating the exclusivity of the agreement. Generally, open listings are less common for commercial properties, as they typically involve more extensive marketing efforts and collaboration among professionals. The Lima Arizona Listing Agreement serves to protect both the client and the real estate professional by clearly defining the terms and conditions of their relationship. It outlines the agreed-upon commission, the listing price, any additional terms or contingencies, and the agreed-upon duration of the agreement. This legally binding document ensures transparency and helps establish a clear understanding between the client and the real estate agent, helping to facilitate a smooth and successful commercial property sale in Lima, Arizona.

A Lima Arizona Listing Agreement is a legal document that grants a licensed real estate broker or realtor the exclusive right to sell commercial property or real estate in the Lima area of Arizona. This agreement establishes a professional relationship between the property owner or seller (the client) and the real estate agent, giving the agent the sole authority to market, advertise, and negotiate the sale of the property on behalf of the client. The exclusive right to sell agreement is the most common type of listing agreement in Lima, Arizona. It provides the broker or realtor with the exclusive right to represent the client in all aspects of the property sale for a specified duration, typically 90 to 180 days. During this period, the client cannot work with any other real estate professional to market or sell the property. The agreement legally obligates the client to pay the agreed-upon commission to the agent upon the successful sale of the property, regardless of who ultimately procures the buyer. In addition to the standard exclusive right to sell agreement, there may be variations or addenda tailored to specific circumstances. For example, a net listing agreement allows the seller to determine a minimum acceptable price, and any amount above that price becomes the agent's commission. This type of agreement may be suitable when there is uncertainty about the property's value or the seller is looking for a quick sale. Another variant is the open listing agreement, where the client can work with multiple brokers simultaneously. In an open listing, the broker who procures the buyer earns the commission, eliminating the exclusivity of the agreement. Generally, open listings are less common for commercial properties, as they typically involve more extensive marketing efforts and collaboration among professionals. The Lima Arizona Listing Agreement serves to protect both the client and the real estate professional by clearly defining the terms and conditions of their relationship. It outlines the agreed-upon commission, the listing price, any additional terms or contingencies, and the agreed-upon duration of the agreement. This legally binding document ensures transparency and helps establish a clear understanding between the client and the real estate agent, helping to facilitate a smooth and successful commercial property sale in Lima, Arizona.