Fill and Sign the Listing Agreement Commercial Estate Form

LISTING AGREEMENT WITH A BROKER OR REALTOR TO SELL COMMERCIAL PROPERTY OR REAL ESTATE (Exclusive Listing) ____________________ (Name of Seller), hereinafter called Seller, hereby engages the ______________________ (Name of Realtor) (hereinafter referred to as Agent, its successors and assigns, as Seller’s exclusive Agent, and grants to Agent the sole and exclusive right to sell the following described Property, hereinafter referred to as Property: (Description of Property) ____________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________ 1. The Property may be sold together as one sale or separately in multiple sales. 2. Said Property is to be sold at a price of not less than $____________ and upon the following terms: (Terms of Payment such as Cash at Closing) ____________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________ 3. This Contract shall be for a period of (time such as certain number of months or a year) ___________________ commencing on the ______ day of _______________, 20____. If Seller notifies Agent, on or before 30 days prior to the end of such period that Seller does not wish to continue this Agreement, then this Agreement shall terminate at the end of such period. In the absence of such notice, this Agreement shall continue on a month to month basis following such period. However, after the initial period of One (1) Year, either party may elect to terminate this Agreement by giving the other party thirty (30) days written notice of such election. 4. Agent is ( ) authorized ( ) not authorized to place its “For Sale” sign on said Property. Seller agrees to refer all prospects for, or persons inquiring about, the sale of said Property to Agent , and Agent shall conduct all negotiations for the sale of said Property. 5. In the event Agent procures a party ready, willing and able to purchase the Property upon the foregoing terms and conditions, or upon other terms and conditions acceptable to Seller , during the term of this Agreement (or up to 180 days after the termination of this Agreement), to persons with whom Agent has, during the term of this Agreement, negotiated offered or presented subject Property, or who has inspected subject Property with Agent , then Seller agrees to pay to Agent a commission of ______% of the Gross Selling Price agreed upon. 6. In consideration of this exclusive listing, Agent agrees: A. To carefully inspect said Property and secure complete information regarding it; B. To direct the efforts of Agent’s organization in bringing about a sale; C. To advertise said Property as Agent deems advisable; D. To furnish at all times additional information requested by any Realtor or Real Estate Broker, and to assist co-operating brokers in closing a transaction on said Property when requested to do so; E. To promptly pay a co-operating Broker who sells the Property for his services; F. To keep Seller informed as to the progress being made toward consummation of a sale; and G. To make all reasonable efforts to find a purchaser for said Property 7. Agent is authorized to accept on behalf of Seller a non-interest bearing deposit to be applied against the sale price, which deposit may be placed in any bank in _________________ (state) pending consummation of the sale, without liability on Agent ’s part in the event of failure or suspension of said bank. In the event Buyer fails to perform and the deposit(s) is retained, 50% thereof (not to exceed _____% of the contracted sale price) shall be paid to the Agent in full consideration for Agent’s services including costs experienced by Agent, and the balance shall be paid to Seller. In no event shall the retained deposit paid to Agent, exceed the total commission due for the pending sales transaction. Entering into this Agreement voids any previous listing agreement by and between the parties. Witness our signatures as of the ______ day of ______________, 20____. ________________________ _________________________ (Printed name) (Printed name) ________________________ _________________________ (Signature of Seller) (Signature of Agent)