Exclusive Agency listing means that if you, the owner of the property, find a buyer, you will not have to pay a commission to the broker, however, if another broker finds a buyer, you will owe a commission to both the selling broker and your present broker.
Exclusive Agency. The exclusive agency right to sell, trade, convey, or exchange the Property during the Listing Period in accordance with the terms and conditions set forth in this Agreement. The Seller hereby appoints the Agency as the exclusive agent and to represent the Seller as their client ONLY if a potential Buyer is produced by the Agency. The Seller retains the right to sell the Property directly, on their own behalf, with no commission due to the Agency. ☐
Exclusive Agency listing means that if you, the owner of the property, find a buyer, you will not have to pay a commission to the broker. However, if another broker finds a buyer, you will owe a commission to both the selling broker and your present broker. WE HEREBY ACKNOWLEDGE RECEIPT OF A COPY OF THIS EXCLUSIVE RIGHT TO SELL AGREEMENT OWNER: MAILING ADDRESS: (Signature of owner) OWNER: OWNER PHONE: RES: OFFICE: (Signature of owner) DATE: LISTING FIRM: LISTING SALESPERSON: (signature):
Examples of Exclusive Agency in a sentence
An "Exclusive Agency" listing or "Exclusive Right to Sell" listing shall clearly indicate in the listing agreement that it is such an agreement.
ACKNOWLEDGEMENT: OWNER hereby acknowledges the receipt of Explanation of Exclusive Right to Sell and Exclusive Agency types of listings.
An Exclusive Agency Listing is a listing agreement under which the listing broker acts as an exclusive agent of the property owner or principal in the sale of a property, but reserves to the property owner or principal a right to sell the property without assistance of a broker, in which case the listing broker is paid a reduced or no commission when the property is sold.
In the 1980s and 1990s, several local MLS boards banned Exclusive Agency Listings from the MLS entirely.
This listing agreement is not acceptable for publication by HGMLS unless and until the Owner(s) has duly signed this agreement and an acknowledgment reflecting receipt of the definitions of "Exclusive Right to Sell" and "Exclusive Agency" required by the New York State Department of State - Division of Licensing Services.
More Definitions of Exclusive Agency
Exclusive Agency. The Owner hereby appoints Broker to rent the property known as: ADDRESS: PARCEL: LEGAL DESCRIPTION: All inquiries for any lease shall be referred to the Leasing Broker, and all negotiations connected therewith shall be conducted solely by or at the discretion of the Leasing Broker.
Exclusive Agency listing means that if you, the OWNER of a property, find a buyer, you will not have to pay a commission to the BROKER. However, if another BROKER finds a buyer, you will owe a commission to both the selling BROKER and your present BROKER. OWNER’s Initials: _ _ ACCEPTED BY: _ _ _ _ _ _ _ Broker Owner Date: __ _ _ _ _ _ _ Owner
Exclusive Agency means a form of agency whereby within a specified geographical area a principal only authorizes one sole agent to sell or purchase one or a number of specified lines of goods, or to provide one or a number of specified types of services.
Exclusive Agency an express written agreement between a person and a brokerage wherein the brokerage agrees to exclusively represent as an agent the interests of the person in a real estate transaction. Such agreements include buyer agency, seller agency, designated agency, [and subagency agreements.] subagency and residential property management.
Exclusive Agency listing means that if you, the owner of the property find a buyer, you will not have to pay a commission to the broker. However, if another broker finds a buyer, you will owe a commission to both the selling broker and your present broker.” Who May Negotiate Regulation §175.24 also requires that Exclusive Right to Sell and Exclusive Agency Listings involving one to three family dwellings include a provision permitting the seller to choose whether all negotiated offers to purchase will be submitted through the listing agent or the selling agent. Who is Responsible When a Listing Agent Submits a Listing Which Does Not Conform to the Law? The Rules and Regulations of WPMLS place upon the listing agent, the duty to submit a listing which is in conformity with the law. The MLS is a dissemination vehicle and when a Participant submits a listing which fails to comply with the Plain English Law or the Regulations of the Department of State, the Listing Agent is placed in jeopardy on multiple levels:
Exclusive Agency listing means that if you, the OWNER of the PROPERTY, find a buyer, you will not have to pay a commission to the broker. However, if another broker finds a buyer, you will owe a commission to both the selling broker and your present broker. PARTIES SIGNATURE OWNER Date: OWNER Date: LISTING BROKER (Auth. Rep) Date: LISTING AGENT Date: The “EFFECTIVE DATE” of this Agreement shall be latest date entered alongside the parties’ signatures
Exclusive Agency. An exclusive agency listing is one in which the Owner agrees not to list the Property with any other Broker and a commission is payable to Broker if Broker or any other broker successfully produces a ready, willing and able buyer, and, if Owner successfully sells the property to a buyer, no commission is payable to Broker; (b) Open: An open listing is one in which the Owner may list the Property with any other Broker and a commission is payable to Broker only in the event that Xxxxxx successfully produces a ready, willing and able buyer for the property. If anyone other than Broker, including Owner, produces a ready, willing and able buyer for the property, no commission is payable to Broker. BROKER DISCLOSURE FORM: Owner hereby acknowledges receipt of a copy of the Broker Disclosure Form prescribed by the Missouri Real Estate Commission prior to the signing of this contract or upon Xxxxxx’s obtaining any personal or financial information from Owner, whichever occurred first. Owner hereby acknowledges receipt of one copy of this Contract. This is intended to be a legally binding contract. No representation is made as to the legal validity or adequacy of any provision or the tax consequences thereof. If you do not understand any portion of this contract, seek legal or tax advice from a competent professional LISTING CONTRACT ACCEPTED: Broker By: Authorized Agent E-mail: Owner Company Name (if Owner is a company) Owner: E-mail: Owner: E-mail: __ Address: