A Contra Costa California Non-Exclusive Real Estate Brokerage Agreement is a legal contract between a property owner and a real estate broker in Contra Costa County, California. This agreement outlines the terms and conditions under which the broker will assist the owner in selling or leasing their property, while still allowing the owner the freedom to seek out other brokers or market the property themselves. Keywords relevant to this topic include: 1. Contra Costa County: This agreement specifically applies to properties located within Contra Costa County, California. Contra Costa County includes cities such as Concord, Richmond, Walnut Creek, and Antioch. 2. Non-Exclusive: The agreement is non-exclusive, meaning the property owner retains the right to engage multiple brokers to market their property simultaneously. This allows the owner to pursue other avenues in addition to the broker's efforts. 3. Real Estate Brokerage: The agreement pertains to the relationship between the property owner and the real estate broker or brokerage firm that will represent them in the sale or lease of their property. 4. Agreement: The non-exclusive real estate brokerage agreement is a formal written contract that establishes the rights and obligations of both parties involved. It provides clarity and protection for both the property owner and the broker. Different types of Contra Costa California Non-Exclusive Real Estate Brokerage Agreements can vary based on specific terms, conditions, and provisions. These variations could include: 1. Time Duration: The agreement may specify the duration of the broker's representation, such as a fixed term or open-ended arrangement. 2. Commission Structure: The agreement may outline the broker's compensation, typically a percentage of the sale or lease price, and any additional fees or expenses. 3. Marketing and Promotion: The agreement may detail the broker's responsibilities for marketing and promoting the property, including advertising, showings, and open houses. 4. Termination: The agreement may include provisions for termination, allowing either party to end the agreement under certain circumstances or with prior notice. It is important for property owners and brokers to carefully review and understand the terms within the Contra Costa California Non-Exclusive Real Estate Brokerage Agreement before signing. It is also advisable to seek legal counsel to ensure that the agreement meets all necessary legal requirements and protects both parties' interests.
Contra Costa California Non-Exclusive Real Estate Brokerage Agreement
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FAQ
Signing an exclusive contract with a real estate agent means you grant him or her the right to sell your property. On the surface, an open listing may seem like a better and cheaper option. You can do your own marketing and advertising. If you sell your home, you don't have to pay a commission to a real estate agent.
exclusive listing arrangement means your listing will be posted on the MLS system and other agents will have the opportunity to bring potential buyers to your home. The advantage of this type of arrangement is the exposure of your home.
An open listing is a non-exclusive contract. This type of listing gives the seller or buyer the right to engage any number of brokers as agents.
Open Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker only if the property is sold through the efforts of the listing broker. (
Non-exclusive listing agreements also allow a seller to list a home with numerous agents, and they require payment of a commission only to the agent who actually sells the home.
Related Definitions Non-Exclusive Agent means an agent authorised on a non- exclusive basis to exercise a right which would otherwise be exercisable exclusively by the copyright owner and/or its licensees.
Not limited to only one person or organization, or to one group of people or organizations: a non-exclusive agreement/deal/licence They have entered into a non-exclusive distribution agreement. The licence grants them the non-exclusive right to use the technology in their products. Compare. exclusive.
Now, in an exclusive agency listing, what the real estate agent does with a home seller is not a bilateral contract but an unilateral contract because it specifies that the homeowner must pay a commission to that agent if the real estate agent brings the best deal for him; however, he is not in breach of contract if he