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EXCLUSIVE RIGHT TO REPRESENT BUYER/LESSEE FOR PURCHASE OR LEASE OF REAL PROPERTY (Nonresidential/Allows for Dual Agency) AIR COMMERCIAL REAL ESTATE ASSOCIATION 1. BASIC PROVISIONS (BASIC PROVISIONS
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How to fill out exclusive right to represent

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To fill out the exclusive right to represent, follow these steps:

01
Obtain the form: The exclusive right to represent form can typically be obtained from a real estate agent or broker. You may also be able to find it online on real estate websites or your local real estate association's website.
02
Provide your personal information: Begin by filling out your full name, contact information, and address. This information is important for identification and contacting purposes.
03
Indicate the property details: Include the address, legal description, and any other relevant information about the property you want to sell or buy. This helps to identify the specific property the exclusive right to represent applies to.
04
Specify the duration: Determine the duration of the exclusive right to represent. Common options include 30 days, 60 days, 90 days, or even longer. Make sure to choose a timeframe that aligns with your needs or preferences.
05
Discuss commission: Negotiate and agree upon the commission percentage or amount that the real estate agent or broker will receive upon a successful sale or purchase. This is typically a percentage of the final sale price.
06
Sign and date the form: Once you have completed filling out the exclusive right to represent form, sign and date it to make it legally binding. Make sure to read and understand all the terms and conditions before signing.

Who needs exclusive right to represent?

01
Home sellers: Individuals who intend to sell their property and want to hire a real estate agent or broker to represent them throughout the selling process may need to fill out an exclusive right to represent. This document establishes the agent's exclusive right to market and sell the property on the seller's behalf.
02
Home buyers: Buyers who wish to work exclusively with a particular real estate agent or broker to find and purchase a property may also need to enter into an exclusive right to represent agreement. This ensures that the agent will have the exclusive right to help the buyer find suitable properties and negotiate on their behalf.
03
Real estate agents and brokers: These professionals require the exclusive right to represent to establish a formal agreement with clients and protect their interests. It allows them to legally represent and advocate for their clients, whether they are the sellers or buyers of real estate properties.
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Exclusive right to represent is a legal agreement that gives a specific individual or entity the sole authority to act on behalf of another party in particular matters.
The party who wishes to grant someone else the exclusive right to represent them is required to file the agreement.
To fill out an exclusive right to represent agreement, you will need to include the names and contact information of both parties, specify the scope and duration of the representation, and outline any specific terms or conditions.
The purpose of exclusive right to represent is to establish a legal relationship where one party is granted the exclusive authority and responsibility to represent the interests of another party.
The exclusive right to represent agreement should include the names of both parties, their contact information, the scope and duration of the representation, and any specific terms or conditions that are relevant to the agreement.
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