Parties
Identify owner(s) and broker by full legal name and business entity. Include license numbers where state law requires and specify authorized signers for entities.
Granting exclusivity aligns incentives: brokers invest time and marketing resources when they have sole authority, while owners gain coordinated outreach and clearer accountability. The agreement clarifies compensation, reduces overlapping showings, and sets expectations for tenant screening and lease execution; properly executed it supports enforceability under ESIGN and state electronic transaction laws.
The agreement is used by residential and small commercial property owners and by licensed real estate brokers or property managers who act on behalf of owners.
Parties should confirm license status, authority to bind the owner, and any local disclosure requirements before signing.
Identify owner(s) and broker by full legal name and business entity. Include license numbers where state law requires and specify authorized signers for entities.
Describe the unit or premises with street address, unit number, and legal description or parcel identifier so the subject property is unambiguous.
Specify the start and end date of exclusivity using MM/DD/YYYY. State whether automatic renewals apply and the notice required to terminate before expiry.
State commission or flat fee, payment timing (upon lease execution or move-in), payable to whom, and any fee for lease renewals or extensions.
List marketing methods, tenant screening standards, showing protocol, lead reporting cadence, and required documentation the broker will provide.
Define grounds for early termination, cure periods, post-termination obligations (held applications, accounting), and responsibility for tenant deposits.
| Field | Configuration |
|---|---|
| Signature Block | Assign owner and broker signers; require date fields with MM/DD/YYYY format. |
| Authentication | Use email link plus optional SMS code or ID check for stronger assurance. |
| Conditional Fields | Show renewal or additional fee fields only if renewal box is checked. |
| Retention | Enable PDF archiving and audit trail export on completion. |
Choose a platform that supports secure authentication, tamper-evident finalized PDFs, and reliable audit trails for legal defensibility.
Preserve signed records with encryption at rest and transit, and ensure your provider offers mechanisms to export machine-readable audit evidence for dispute resolution.
Effective date governs when exclusivity begins and marketing obligations start.
Contract should specify days required for early termination or nonrenewal.
State whether fee is due at lease signing, move-in, or upon first rent payment.
Specify notice deadlines for exercising or declining renewal terms.
Keep executed agreements accessible for audit and tenant inquiries per retention rules.
Sign and distribute executed agreement to all parties.
Launch listings and schedule showings per agreed marketing plan.
Apply screening criteria consistently and document outcomes.
Complete lease signing and collect required funds before move-in.
A single-family investor grants a broker exclusivity for 90 days to avoid competing listings
A management firm receives exclusive rights for a 50-unit building and is paid a flat placement fee per unit
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |