What does exclusive mean on a house?

An exclusive listing is a type of real estate listing agreement in which one broker is appointed as the seller's sole agent. In an exclusive agency listing, the seller retains the right to sell the property, with no obligation to the broker.

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Exclusive Sales Agency Listing Agreement for Sale of Real Property...

Dallas Texas Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers

Name: Dallas Texas Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers
Brand: US Legal Forms
Rating: 4.85 (426 reviews)

Category:

Real Estate - Contracts - Brokers

State:

Multi-State

County:

Dallas

Control #:

US-02282BG

Format:

Instant download

Description

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.

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FAQ

Yes, Rick must disclose the fee and get Kenny's consent to accept the fee. Why might a broker practicing exclusive seller agency treat a buyer as a customer? potential disputes over procuring cause. lack of commitment from sellers.

Exclusive listing is when a property owner enters into a legal agreement with a brokerage and its designated agent to market the sale of a property within a given time frame.

The answer is way the broker is paid. Which statement is TRUE concerning exclusive seller agency? The answer is the broker will never work for the buyer and for the seller.

An exclusive listing is a type of real estate listing agreement in which one broker is appointed as the seller's sole agent. In an exclusive agency listing, the seller retains the right to sell the property, with no obligation to the broker.

Exclusive right-to-sell. This is when the seller agrees to pay the listing agent, even if the property is sold through the efforts of the listing broker, the seller or someone else.

A misrepresentation is a false statement of a material fact made by one party which affects the other party's decision in agreeing to a contract.

The approved Exclusive Agency Addendum. allows the Seller to negotiate a sale and not pay the Broker.

With an open listing, a seller retains the right to employ any number of brokers as agents. It's a nonexclusive type of listing, and the seller is obligated to pay a commission only to the broker who successfully finds a ready, willing, and able buyer.

When salesperson Jane first contacted John, after her three-month vacation to Barbados, was seller John her client? The answer is no.

In an exclusive listing, only one broker is specifically authorized to act as the exclusive agent of the seller. That means one broker has the sole right to market, show, and sell the property; other brokers are excluded from trying to sell the property while the agreement is active.

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More info

What's included in a seller-broker agreement? This is a(n) By executing a listing agreement with a seller, a real estate broker become.Are you a real estate agent who has taken on several listings and has been working for weeks or months to get them sold? Contact us today if you're looking to buy, sell, rent or lease. When the property sells, commission is only paid to the agent who brought in the buyer. Pros: Competition between agents. Real estate brokers and sales agents help clients buy, sell, and rent properties. A real estate agent can help you find prospective buyers and negotiate the sale. Find out what you need to do to appoint your agent. Brokerage Realtionships in Real Estate Transactions Act.

Dallas Texas Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers

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FAQ

Why might a broker practicing exclusive seller agency treat a buyer as a customer?

What is an exclusive real estate listing agreement?

Which statement is true concerning exclusive sellers Agency quizlet?

What does exclusive mean on a house?

What does exclusive mean on a listing?

When the broker should have known that a statement about a material fact was false it is considered?

What does exclusive mean in the exclusive brokerage listing addendum?

In which type of listing agreement does a seller employ multiple brokers?

When sales agent Jane first contacted John after her three month vacation to Barbados was seller JOHN her client?

What is an exclusive agent?

Interesting Questions

What is a Dallas Exclusive Sales Agency Listing Agreement?

What does 'exclusive' mean in this context?

What is the role of a broker in this agreement?

What does 'sales agency' refer to in the agreement?

Can the property owner sell the property on their own during the agreement?

Is the broker the only one who can show the property to potential buyers?

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