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FILED: NEWID: 68D443EAAFED428296AA64E791ACE9B1 YORK COUNTY CLERK 04/16/2024 02:05 PM DocuSign Envelope NYSCEF DOC. NO. 3INDEX NO. 651973/2024 RECEIVED NYSCEF: 04/16/2024Exclusive Coop Sales Agreement
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How to fill out exclusive co-op sales agreement

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How to fill out exclusive co-op sales agreement

01
Begin by gathering all necessary information about the property and the parties involved.
02
Clearly define the terms of the exclusive agreement, including the duration and scope.
03
Outline the commission structure for the co-op broker.
04
Specify the responsibilities of each party, including the seller and the broker.
05
Include any necessary disclosures and requirements as per local laws.
06
Ensure all parties review the filled-out agreement for understanding and agreement.
07
Obtain signatures from all parties involved to finalize the agreement.

Who needs exclusive co-op sales agreement?

01
Real estate sellers looking to give exclusive selling rights to a specific co-op broker.
02
Real estate brokers who want to establish clear terms with sellers for representing their property.
03
Investors interested in securing the best terms for selling a property through professional representation.
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An exclusive co-op sales agreement is a legal contract between a seller and a real estate broker, giving the broker exclusive rights to market and sell a property, typically in a cooperative housing context.
The seller or the property owner is required to file the exclusive co-op sales agreement with the appropriate real estate regulatory authority or governing body.
To fill out an exclusive co-op sales agreement, one must provide details such as the property's address, the terms of sale, the listing price, the duration of the agreement, and the commission structure. Both parties must sign the document.
The purpose of an exclusive co-op sales agreement is to formalize the relationship between the seller and the broker, ensuring that the broker has the sole right to sell the property and outline the terms under which the sale will occur.
The exclusive co-op sales agreement must report information including the seller's and broker's details, property description, sale price, duration of the agreement, and terms regarding the commission.
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