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Exclusive right of sale listing
Exclusive right of sale listing A written agreement between an agent and a property owner stating that the owner will pay a commission to the agent if the property is sold during a specific time period.
RELATED TERMS--------------------------------------
Agent
Person authorized to act on behalf of another in dealings with third parties.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
Commission
Money paid to a real estate agent or broker by the seller as compensation for finding a buyer and completing the sale, usually a percentage of the sale price (6 to 7 percent on houses, 10 percent on land).
SIMILAR TERMS--------------------------------------
Excluded capital gain
The part of the realized gain that is "excluded" from taxes.
Exclusionary zoning
Zoning that excludes stated uses.
Exclusions
A section of the offer to purchase designed to exhibit anything the buyer or seller would not like included with the real estate.
Exclusive Agency
An agreement in which one broker has exclusive rights to represent the owner or tenant.
Exclusive agency agreement
This is an agreement signed between the vendor and agent that gives the agent a exclusive period of time (usually 3 months) where the agent is the only person who can introduce buyers to the property.
Exclusive agency buyer agency agreement
Similar to the exclusive buyer agency agreement, this is an exclusive contract between the buyer and the agent.
Exclusive agency listing
A written agreement between a real estate broker and a property owner in which the owner promises to pay a fee or commission to the broker if specified real property is leased during the listing period.
Exclusive authorization and right to sell listing
A written listing agreement appointing a broker as the exclusive agent for the sale of property for a specified period of time.
Exclusive authorization to acquire real property
A contract providing for the exclusive representation of a buyer by a broker. It authorizes a broker to act as the exclusive agent of the buyer.
Exclusive buyer agency agreement
This is a completely exclusive agency agreement. The buyer is legally bound to compensate the agent whenever the buyer purchases a property of the type described in the contract.
Exclusive buyer representation
An agency relationship between a buyer and a broker that cannot result in dual agency.
Exclusive listing
A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time.
Exclusive right to sell
Listing agreement under which the owner promises to pay a commission if the property is sold during the listing period by anyone, even the owner.
Exclusivity
A restriction on the tenant's right to open a competing retail outlet within a certain area of leased premises.
PREVIOUS AND NEXT TERMS--------------------------------------
Exclusive authorization and right to sell listing
A written listing agreement appointing a broker as the exclusive agent for the sale of property for a specified period of time.
Exclusive authorization to acquire real property
A contract providing for the exclusive representation of a buyer by a broker. It authorizes a broker to act as the exclusive agent of the buyer.
Exclusive buyer agency agreement
This is a completely exclusive agency agreement. The buyer is legally bound to compensate the agent whenever the buyer purchases a property of the type described in the contract.
Exclusive buyer representation
An agency relationship between a buyer and a broker that cannot result in dual agency.
Exclusive listing
A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time.
Exclusive right of sale listing
Exclusive right to sell
Listing agreement under which the owner promises to pay a commission if the property is sold during the listing period by anyone, even the owner.
Exclusivity
A restriction on the tenant's right to open a competing retail outlet within a certain area of leased premises.
Exculpatory clause
A clause in an agreement that relieves a party from all obligation for his or her acts or failure to act.
Execute
The act of making a document legally valid, such as formalizing a contract by signing or acknowledging and delivering a deed.
Executed contract
An agreement that has been fully performed.
This dictionary contains 6433 terms. |
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