Legal Letters Library – Contract Employing Real Estate Broker For Sale Of Property

 

Corporation Forms

70. Stock Purchase Agreement

71. Stock Redemption Agreement

72. The First Meeting Of Shareholders Ratification Of Minutes

73. Transfer Of Reserved Name Notice

74. Waiver Of Notice Of The Annual Meeting Of The Shareholders

Property Forms

75. Agreement of Property Management

76. Assignment of Contract for Purchase Of Real Estate

77. Assignment Of Lease By Lessee With Consent Of Lessor

78. Assignment Of Real Estate Purchase And Sale Agreement

79. Assignments Of Rents By Lessor With Repurchase Agreement

80. Balloon Mortgage Note

81. Construction Contract

82. Contract Employing Real Estate Broker For Lease Of Property

83. Contract Employing Real Estate Broker For Sale Of Property

84. Contract For Sale And Purchase Of Property Memorandum

85. Issuance Of Shares In Exchange For Realty Resolution - Authorization

86. Lease

87. Management of Single Family House

88. Mortgage

89. Mortgage Assignment

90. Mortgage II

91. Non-refundable Deposit Receipt

92. Offer To Exchange Realty For Shares Resolution - Acceptance

93. Option Agreement For Purchase Of Real Property

94. Option To Purchase Real Estate Assignment

95. Quit-claim Deed

96. Real Estate Salesman Independent Contractor Agreement

97. Rent Receipt

Previous Page

First Set

CONTRACT EMPLOYING
REAL ESTATE BROKER
FOR SALE OF PROPERTY

This agreement dated _________(1)__________, is made By and Between ________(2)_________, whose address is _________(3)___________, referred to as "Owner", AND ___________(4)_________, whose address is ________(5)__________, referred to as "Broker."

1. Property. Owner is the owner of the following real estate:

(Address or Legal Description)

2. Employment of Broker. Owner lists this property for sale with the Broker at the price of $______(6)____ or at any other price which is satisfactory to Owner. The listing to sell means that the Broker shall be entitled to commissions as herein provided no matter who procures the buyer.

3. Commission. Owner agrees to pay the Broker a commission of ___(7)__ percent (%) of the purchase price. The commission will be earned when all of the following conditions are met:

(a) the Broker produces a buyer ready, willing and able to buy on the terms fixed by Owner,
(b) the buyer enters into a binding contract of sale, and
(c) the buyer completes the transaction by closing title in accordance with the contract of sale. If the buyer is unable, unwilling or defaults in the purchase, Owner will not be required to pay any commission to the broker.

4. Other Brokers. Owner authorizes and directs that the Broker submit the above listing to all multiple listing services available in this area. The amount of the commission set forth in this agreement shall be divided among all Brokers involved in accordance with agreements between the Brokers.

5. Advertisement. The Broker and the other Brokers noted above are authorized to advertise the sale and take all necessary steps to bring about the sale.

6. Signs. The Broker will provide suitable sign or signs, subject to Owner's approval.

7. Term of Agreement. This agreement shall remain effective until __________(8)________, unless terminated prior thereto.

8. Termination. Either party may terminate this contract on twenty (20) days notice. Such termination shall not limit the Brokers right to commissions resulting from pending negotiations.

9. Signatures. Both the Broker and Owner agree to the above.

Witnessed by:

___________(9)__________________ ____________(10)______________

"OWNER"


___________(9)__________________ ___________(11)______________

"BROKER"

 

 


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