A real estate broker offers services as agent in matters involving the sale, purchase, rental, and financing of real property. When selling property, brokers and agents arrange for title searches to verify ownership and for meetings between buyers and sellers during which they agree to the details of the transactions and in a final meeting, the new owners take possession of the property. They also may help to arrange favorable financing from a lender for the prospective buyer; often, this makes the difference between success and failure in closing a sale. In some cases, brokers and agents assume primary responsibility for closing sales; in others, lawyers or lenders do.
Agents and brokers spend a significant amount of time looking for properties to sell. They obtain listings -- agreements by owners to place properties for sale with the firm. When listing a property for sale, agents and brokers compare the listed property with similar properties that recently sold, in order to determine a competitive market price for the property. Following the sale of the property, both the agent who sold it and the agent who obtained the listing receive a portion of the commission. Thus agents who sell a property that they themselves have listed can increase their commission.
Queens New York Real Estate Sales Representative Agreement with Broker is a legally binding contract that establishes the professional relationship between a real estate sales representative and a broker in Queens, New York. This agreement outlines the terms and conditions under which the representative can act on behalf of the broker in various real estate sales activities. Keywords: Queens New York, real estate sales representative, agreement, broker, terms and conditions, real estate sales activities. There are multiple types of Queens New York Real Estate Sales Representative Agreements with Brokers, including: 1. Exclusive Sales Representative Agreement: This agreement grants the sales representative exclusive rights to represent the broker in real estate sales within a specific area or property type in Queens, New York. 2. Non-Exclusive Sales Representative Agreement: Unlike the exclusive agreement, this type allows the sales representative to work with multiple brokers simultaneously. They can represent the broker in real estate sales activities, but the broker may have other sales representatives working for them as well. 3. Independent Contractor Agreement: This agreement clarifies the independent contractor status of the sales representative. It outlines the obligations and responsibilities of both parties, emphasizing that the representative is not an employee but an independent contractor. 4. Commission-Based Agreement: A commission-based agreement specifies the compensation structure of the sales representative. It outlines the commission percentage or amount they will receive from the broker for each successful real estate sale in Queens, New York. 5. Termination Agreement: This agreement addresses the conditions and procedures for terminating the sales representative's relationship with the broker. It outlines criteria for termination, such as breach of contract, non-performance, or mutual agreement. In Queens, New York, real estate sales representatives play a crucial role in facilitating property transactions. These agreements establish clear guidelines and expectations for their representation of the broker in various sales activities. It ensures that both parties understand their roles, obligations, and compensation structures, protecting their rights in the real estate industry. Keywords: Queens New York, real estate sales representative, agreement, broker, exclusive, non-exclusive, independent contractor, commission-based, termination.Queens New York Real Estate Sales Representative Agreement with Broker is a legally binding contract that establishes the professional relationship between a real estate sales representative and a broker in Queens, New York. This agreement outlines the terms and conditions under which the representative can act on behalf of the broker in various real estate sales activities. Keywords: Queens New York, real estate sales representative, agreement, broker, terms and conditions, real estate sales activities. There are multiple types of Queens New York Real Estate Sales Representative Agreements with Brokers, including: 1. Exclusive Sales Representative Agreement: This agreement grants the sales representative exclusive rights to represent the broker in real estate sales within a specific area or property type in Queens, New York. 2. Non-Exclusive Sales Representative Agreement: Unlike the exclusive agreement, this type allows the sales representative to work with multiple brokers simultaneously. They can represent the broker in real estate sales activities, but the broker may have other sales representatives working for them as well. 3. Independent Contractor Agreement: This agreement clarifies the independent contractor status of the sales representative. It outlines the obligations and responsibilities of both parties, emphasizing that the representative is not an employee but an independent contractor. 4. Commission-Based Agreement: A commission-based agreement specifies the compensation structure of the sales representative. It outlines the commission percentage or amount they will receive from the broker for each successful real estate sale in Queens, New York. 5. Termination Agreement: This agreement addresses the conditions and procedures for terminating the sales representative's relationship with the broker. It outlines criteria for termination, such as breach of contract, non-performance, or mutual agreement. In Queens, New York, real estate sales representatives play a crucial role in facilitating property transactions. These agreements establish clear guidelines and expectations for their representation of the broker in various sales activities. It ensures that both parties understand their roles, obligations, and compensation structures, protecting their rights in the real estate industry. Keywords: Queens New York, real estate sales representative, agreement, broker, exclusive, non-exclusive, independent contractor, commission-based, termination.
