Queens New York Exclusive Listing Agreement - Residential

• Category: Real Estate - Home Sale
• State: Multi-State
• County: Queens
• Control #: US-01727-AZ
• Format: Word; Rich Text

Description

This form is an exclusive listing agreement between broker/agent and seller. Broker/agent will exclusively represent seller in the attempt to sell. Commission or other compensation is agreed upon. Adapt to fit your specific circumstances. Queens New York Exclusive Listing Agreement — Residential is a legally binding contract between a property owner and a real estate agent or broker. This agreement grants the agent exclusive rights to market and sell the residential property on behalf of the homeowner within the Queens area of New York City. Key terms and features of the Queens New York Exclusive Listing Agreement — Residential include: 1. Exclusive Representation: The agreement establishes that the real estate agent has exclusive rights to list, market, and sell the residential property for a specified period, typically six months to a year. During this time, the homeowner cannot hire another agent to sell their property. 2. Commission and Compensation: The agreement outlines the commission structure and compensation terms for the real estate agent. It specifies the percentage of the final sale price that will be paid to the agent upon successfully closing the deal. Typically, the commission ranges from 4% to 6% of the sale price. 3. Property Description: A detailed description of the residential property is included in the agreement, including the address, size, number of bedrooms and bathrooms, amenities, and any unique features that may appeal to potential buyers. 4. Marketing and Advertising: The agreement defines the marketing and advertising strategies that the agent will utilize to promote the property. This may include online listings, open houses, virtual tours, professional photography, and print advertising in local publications. 5. Terms and Conditions: The agreement outlines the terms and conditions under which the property can be shown to potential buyers. It includes provisions regarding scheduling appointments, restrictions on access to the property, and the homeowner's responsibilities for maintaining the property's condition. 6. Termination Clause: The agreement may include a termination clause that allows either party to end the contract before its expiration date under certain conditions. This could include a breach of contract, unethical behavior, or failure to fulfill the agreed-upon duties. Types of Queens New York Exclusive Listing Agreement — Residential: 1. Exclusive Right to Sell Agreement: This is the most common type of exclusive listing agreement. It grants the real estate agent the exclusive right to sell the property and guarantees them a commission, regardless of who brings the buyer. 2. Exclusive Agency Agreement: Under this type of agreement, the homeowner retains the right to sell the property independently without paying a commission to the agent. However, if the agent brings a buyer, they will be entitled to a commission. 3. Net Listing Agreement: In a net listing agreement, the agent's commission is determined by the final sale price of the property. The agent keeps any amount exceeding the homeowner's desired minimum price. This type of agreement is less common due to potential conflicts of interest. In conclusion, the Queens New York Exclusive Listing Agreement — Residential is a comprehensive contract that outlines the exclusivity, compensation, marketing, and responsibilities between a property owner and a real estate agent specializing in Queens, New York. It facilitates a professional and mutually beneficial relationship to achieve the successful sale of residential properties within the vibrant Queens real estate market.

Queens New York Exclusive Listing Agreement — Residential is a legally binding contract between a property owner and a real estate agent or broker. This agreement grants the agent exclusive rights to market and sell the residential property on behalf of the homeowner within the Queens area of New York City. Key terms and features of the Queens New York Exclusive Listing Agreement — Residential include: 1. Exclusive Representation: The agreement establishes that the real estate agent has exclusive rights to list, market, and sell the residential property for a specified period, typically six months to a year. During this time, the homeowner cannot hire another agent to sell their property. 2. Commission and Compensation: The agreement outlines the commission structure and compensation terms for the real estate agent. It specifies the percentage of the final sale price that will be paid to the agent upon successfully closing the deal. Typically, the commission ranges from 4% to 6% of the sale price. 3. Property Description: A detailed description of the residential property is included in the agreement, including the address, size, number of bedrooms and bathrooms, amenities, and any unique features that may appeal to potential buyers. 4. Marketing and Advertising: The agreement defines the marketing and advertising strategies that the agent will utilize to promote the property. This may include online listings, open houses, virtual tours, professional photography, and print advertising in local publications. 5. Terms and Conditions: The agreement outlines the terms and conditions under which the property can be shown to potential buyers. It includes provisions regarding scheduling appointments, restrictions on access to the property, and the homeowner's responsibilities for maintaining the property's condition. 6. Termination Clause: The agreement may include a termination clause that allows either party to end the contract before its expiration date under certain conditions. This could include a breach of contract, unethical behavior, or failure to fulfill the agreed-upon duties. Types of Queens New York Exclusive Listing Agreement — Residential: 1. Exclusive Right to Sell Agreement: This is the most common type of exclusive listing agreement. It grants the real estate agent the exclusive right to sell the property and guarantees them a commission, regardless of who brings the buyer. 2. Exclusive Agency Agreement: Under this type of agreement, the homeowner retains the right to sell the property independently without paying a commission to the agent. However, if the agent brings a buyer, they will be entitled to a commission. 3. Net Listing Agreement: In a net listing agreement, the agent's commission is determined by the final sale price of the property. The agent keeps any amount exceeding the homeowner's desired minimum price. This type of agreement is less common due to potential conflicts of interest. In conclusion, the Queens New York Exclusive Listing Agreement — Residential is a comprehensive contract that outlines the exclusivity, compensation, marketing, and responsibilities between a property owner and a real estate agent specializing in Queens, New York. It facilitates a professional and mutually beneficial relationship to achieve the successful sale of residential properties within the vibrant Queens real estate market.