A broker is an agent who bargains or conducts negotiations for and on behalf of a person he or she represents, called a principal. The broker acts as an intermediary between the principal and third persons in the acquisition of contractual rights or the sale or purchase of property, and receives a commission or brokerage fee for his or her services. A broker has a duty to act in the principal's interest and not gain personal advantage at the principal's expense. The broker must avoid conflicts of interest that may arise in performing duties for or advising third parties whose interests are not aligned with those of the principal. A real estate broker offers services as agent in matters involving the sale, purchase, rental, and financing of real property.
The terms of the brokerage agreement determine the character of the services to be rendered as well as the broker's right to compensation in particular circumstances.
Allegheny Pennsylvania Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal document that outlines the contractual agreement between a property owner and a real estate agency in the Allegheny County, Pennsylvania area. This agreement grants exclusive rights to the designated real estate agency to market and sell the property on behalf of the owner. Keywords: Allegheny Pennsylvania, Exclusive Sales Agency Listing Agreement, Sale of Real Property, Brokers, Solicit Co-Brokers In this type of agreement, the property owner, also known as the principal, grants exclusive authority to a specific real estate agency, known as the listing broker, to act as the sole representative in the sale of the property. The listing broker is responsible for marketing the property, finding potential buyers, and negotiating the terms of the sale. This agreement is usually signed for a specific duration, typically ranging from three to six months, after which it may be extended or terminated by mutual agreement. One of the key aspects of this agreement is that the listing broker is authorized to solicit co-brokers to help in the sale of the property. Co-brokers are other licensed real estate agents who can bring potential buyers to the table. By allowing co-brokers to participate, the listing broker widens the pool of potential buyers and increases the chances of a successful sale. This also means that the listing broker and the co-brokers will share the commission earned from the sale, as per the terms specified in the agreement. Different types of Allegheny Pennsylvania Exclusive Sales Agency Listing Agreements for Sale of Real Property with Brokers to Solicit Co-Brokers may include variations in terms and conditions, commission rates, and duration of the agreement. Some listings may have specific requirements, such as minimum sale price or marketing strategies to be employed by the listing broker. In summary, the Allegheny Pennsylvania Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding agreement that grants exclusive rights to a real estate agency to market and sell a property. The agreement allows the listing broker to solicit co-brokers, expanding the network of potential buyers and increasing the chances of a successful sale.Allegheny Pennsylvania Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legal document that outlines the contractual agreement between a property owner and a real estate agency in the Allegheny County, Pennsylvania area. This agreement grants exclusive rights to the designated real estate agency to market and sell the property on behalf of the owner. Keywords: Allegheny Pennsylvania, Exclusive Sales Agency Listing Agreement, Sale of Real Property, Brokers, Solicit Co-Brokers In this type of agreement, the property owner, also known as the principal, grants exclusive authority to a specific real estate agency, known as the listing broker, to act as the sole representative in the sale of the property. The listing broker is responsible for marketing the property, finding potential buyers, and negotiating the terms of the sale. This agreement is usually signed for a specific duration, typically ranging from three to six months, after which it may be extended or terminated by mutual agreement. One of the key aspects of this agreement is that the listing broker is authorized to solicit co-brokers to help in the sale of the property. Co-brokers are other licensed real estate agents who can bring potential buyers to the table. By allowing co-brokers to participate, the listing broker widens the pool of potential buyers and increases the chances of a successful sale. This also means that the listing broker and the co-brokers will share the commission earned from the sale, as per the terms specified in the agreement. Different types of Allegheny Pennsylvania Exclusive Sales Agency Listing Agreements for Sale of Real Property with Brokers to Solicit Co-Brokers may include variations in terms and conditions, commission rates, and duration of the agreement. Some listings may have specific requirements, such as minimum sale price or marketing strategies to be employed by the listing broker. In summary, the Allegheny Pennsylvania Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers is a legally binding agreement that grants exclusive rights to a real estate agency to market and sell a property. The agreement allows the listing broker to solicit co-brokers, expanding the network of potential buyers and increasing the chances of a successful sale.
