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159. Real Estate Company Name 160. By Licensee 161. Seller and/or Lessor Date 163. Page 5 165. OTHER POTENTIAL SELLERS AND/OR LESSORS Seller and/or Lessor understands that Broker may list other 166. When Lessor signs this Contract. Broker shall keep this fee even if Lessor does not lease the Property. COMMERCIAL LISTING CONTRACT EXCLUSIVE This form approved by the Minnesota Association of REALTORS and the Minnesota Commercial Association of REALTORS which disclaims any liability arising out...
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How to fill out commercial listing contract
How to fill out commercial listing contract
01
Read the entire commercial listing contract thoroughly to understand its terms and obligations.
02
Fill in the necessary details such as the property address, listing price, and listing duration.
03
Include any special terms or conditions specific to the commercial property being listed.
04
Provide accurate and complete information about the property's features, amenities, and conditions.
05
Include any required disclosures or disclaimers as per the jurisdiction's regulations.
06
Specify the commission or fee structure for the listing agent and cooperating brokers.
07
Ensure both parties, i.e., the property owner and the listing agent, sign and date the contract.
08
Make copies of the signed contract for all involved parties for record-keeping purposes.
09
Submit the completed and signed commercial listing contract to the relevant parties or real estate agencies.
10
Review any counter-offers or negotiations related to the contract and make necessary amendments if agreed upon.
11
Keep a copy of the fully executed and finalized commercial listing contract for future reference.
Who needs commercial listing contract?
01
Property owners who want to sell or lease their commercial property.
02
Real estate agents who are representing property owners and need a legal agreement to list the property.
03
Brokers or agencies that specialize in commercial real estate and require a contract for their listings.
04
Potential buyers or tenants who may want to understand the terms and conditions set by the property owner.
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What is commercial listing contract?
A commercial listing contract is a legally binding agreement between a real estate agent and a property owner that gives the agent the exclusive right to market and sell the property.
Who is required to file commercial listing contract?
The property owner or their authorized representative is required to file the commercial listing contract.
How to fill out commercial listing contract?
To fill out a commercial listing contract, the parties involved need to include details such as property description, list price, duration of the contract, agent's commission rate, and any specific terms and conditions.
What is the purpose of commercial listing contract?
The purpose of a commercial listing contract is to establish the terms of the agreement between the property owner and the real estate agent, ensuring that the agent has the exclusive right to market and sell the property.
What information must be reported on commercial listing contract?
The commercial listing contract must include details such as property address, legal description, list price, agent's contact information, commission rate, and any specific terms agreed upon by both parties.
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