Phoenix Arizona Exclusive Agency or Agent Agreement - Real Estate - Realtor Contract

• Category: Real Estate - Contracts - Agents
• State: Multi-State
• City: Phoenix
• Control #: US-00516-AZ
• Format: Word; Rich Text

Description

This form is an exlusive agency agreement for the purpose of real estate sales. Adapt to fit your circumstances. A Phoenix Arizona Exclusive Agency or Agent Agreement — Real Estate – Realtor Contract is a legally binding document that defines the relationship between a real estate agent, known as the realtor, and their client, also known as the principal. This agreement establishes the terms and conditions under which the realtor will exclusively represent the principal in purchasing, selling, or leasing real estate properties in the Phoenix, Arizona area. The Phoenix Arizona Exclusive Agency or Agent Agreement is designed to protect both parties involved in the real estate transaction. It outlines the duties and obligations of the realtor and the principal, ensuring a clear understanding of their roles and responsibilities. It also ensures that the realtor is entitled to a commission from the principal if a real estate transaction is successfully completed during the term of the agreement. Different types of Phoenix Arizona Exclusive Agency or Agent Agreements — ReaEstateat— - Realtor Contracts may include: 1. Exclusive Seller Agent Agreement: This type of agreement designates the realtor as the exclusive agent of the principal, responsible for selling their property. The realtor will have the exclusive right to market the property and negotiate with potential buyers. If the property is successfully sold within the specified term, the realtor will receive a commission. 2. Exclusive Buyer Agent Agreement: On the contrary, this agreement designates the realtor as the exclusive agent of the buyer, responsible for assisting them in finding and purchasing properties. The realtor will have the exclusive right to search for suitable properties, negotiate offers, and provide guidance throughout the buying process. The realtor's commission will be paid by the seller upon a successful purchase. 3. Exclusive Tenant Agent Agreement: This type of agreement is common in the rental market. It appoints the realtor as the exclusive agent of the tenant, responsible for finding suitable rental properties and negotiating terms with landlords. The realtor will assist the tenant in reviewing rental agreements, understanding lease terms, and handling negotiations on their behalf. The commission for the realtor is usually paid by the landlord. 4. Exclusive Dual Agency Agreement: In certain situations, both the buyer and seller may agree to appoint the same realtor as their exclusive agent. This type of agreement, known as a dual agency agreement, requires the realtor to remain impartial throughout the transaction and act in the best interests of both parties. In such cases, the realtor usually receives a commission from both the buyer and the seller upon a successful closing. It's crucial for both parties involved in a real estate transaction to carefully review and understand the terms and conditions outlined in a Phoenix Arizona Exclusive Agency or Agent Agreement. Consulting with a legal professional or experienced real estate agent can ensure a comprehensive understanding of the contract's implications before signing.

A Phoenix Arizona Exclusive Agency or Agent Agreement — Real Estate – Realtor Contract is a legally binding document that defines the relationship between a real estate agent, known as the realtor, and their client, also known as the principal. This agreement establishes the terms and conditions under which the realtor will exclusively represent the principal in purchasing, selling, or leasing real estate properties in the Phoenix, Arizona area. The Phoenix Arizona Exclusive Agency or Agent Agreement is designed to protect both parties involved in the real estate transaction. It outlines the duties and obligations of the realtor and the principal, ensuring a clear understanding of their roles and responsibilities. It also ensures that the realtor is entitled to a commission from the principal if a real estate transaction is successfully completed during the term of the agreement. Different types of Phoenix Arizona Exclusive Agency or Agent Agreements — ReaEstateat— - Realtor Contracts may include: 1. Exclusive Seller Agent Agreement: This type of agreement designates the realtor as the exclusive agent of the principal, responsible for selling their property. The realtor will have the exclusive right to market the property and negotiate with potential buyers. If the property is successfully sold within the specified term, the realtor will receive a commission. 2. Exclusive Buyer Agent Agreement: On the contrary, this agreement designates the realtor as the exclusive agent of the buyer, responsible for assisting them in finding and purchasing properties. The realtor will have the exclusive right to search for suitable properties, negotiate offers, and provide guidance throughout the buying process. The realtor's commission will be paid by the seller upon a successful purchase. 3. Exclusive Tenant Agent Agreement: This type of agreement is common in the rental market. It appoints the realtor as the exclusive agent of the tenant, responsible for finding suitable rental properties and negotiating terms with landlords. The realtor will assist the tenant in reviewing rental agreements, understanding lease terms, and handling negotiations on their behalf. The commission for the realtor is usually paid by the landlord. 4. Exclusive Dual Agency Agreement: In certain situations, both the buyer and seller may agree to appoint the same realtor as their exclusive agent. This type of agreement, known as a dual agency agreement, requires the realtor to remain impartial throughout the transaction and act in the best interests of both parties. In such cases, the realtor usually receives a commission from both the buyer and the seller upon a successful closing. It's crucial for both parties involved in a real estate transaction to carefully review and understand the terms and conditions outlined in a Phoenix Arizona Exclusive Agency or Agent Agreement. Consulting with a legal professional or experienced real estate agent can ensure a comprehensive understanding of the contract's implications before signing.