A broker listing agreement is a binding contract between a real estate broker and a seller. This agreement states the broker has a legal right to list, advertise, and broker the sale of your property. These agreements are extremely common in the real estate world, but before you sell your business, you should have a firm understanding of its terms. Before you place your signature on the dotted line, learn more about what will be included.
What Is Included in an Agreement?
Many brokers and agents utilize standard agreement forms that have been created by national or local real estate associations, so your broker may be hesitant to alter the terms. This can be upsetting at first, but if you don’t feel comfortable with a certain part of the agreement, you should avoid signing it. By reading your agreement and understanding all of its components, both you and your broker can benefit from a sale.
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