AGREEMENT FOR EXCLUSIVITY IN LISTING OF PROPERTY
This exclusive listing agreement is effective as of ___________________ (Date), by and between ________________________________________________________, of _____________________________________________________________ (Address) hereinafter referred to as broker, and ____________________________________, of ____________________________________________________________________ (Address) hereinafter referred to as owner.
In consideration of services performed by broker, owner hereby employs broker as an exclusive agent to sell property known as ___________________________________ __________________________________ (Address) and more specifically described as ______________________________, subject to the following terms and conditions:
OBLIGATIONS OF BROKER
The broker shall to the best of their abilities find a buyer for the above property. The broker will include the property with other listings maintained by them. The broker must also place a sign on the premises and notify the owner promptly of prospective buyers.
Add any other obligations that exist for the broker _____________________________ _____________________________________________________________________.
The broker will receive a commission of __________ percent of the first ___________ ($_____) of the selling price and __________ percent of the selling price in excess of that amount if:
The remainder of this section should list and explain any further limits guidelines or regulations regarding commission that are exclusive to this agreement ______________ _____________________________________________________________________.
TERM OF LISTING
1. This agreement shall commence on the effective date indicated above, and shall terminate at midnight, the last hour of __________ (Date).
2. This listing may be terminated by either party at any time after __________ days following the effective date indicated above by __________ days written notice.
OWNERS COVENANT TO SELL
The owner hereby agrees to furnish a certificate of title or abstract from a reputable and reliable abstract company, and furnish a ________________________ deed exhibiting a sufficient title to the property.
It is agreed that this agreement shall be governed and enforced in accordance with the laws of the State of __________________.
This agreement is the entire agreement between the parties any prior understanding or representation of this agreement shall not be binding upon either party.
Any notice concerning this agreement shall be in writing and sent by certified or registered mail to the respective address of each party.
RECEIPT OF COPY OF AGREEMENT
In witness whereof, each party to this agreement has caused it to be executed at ______________________________________ (Location) on ____________ (Date).
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