Commercial Real Estate Brokers' Listing Agreement Tune-UpListing Agreement • November 29th, 2022
Contract Type FiledNovember 29th, 2022Most brokers will have a listing agreement dispute once or twice during their careers, at best. However, as a law firm that drafts and enforces these agreements on behalf of brokers and owners (sometimes with significant dollars at risk), we see forms being used that are most likely unenforceable. That "one dispute" in your career could cost you tens of thousands of dollars. Now, when business is slow, is the time to look at your forms and operating systems to make sure they are up to date and working as they should. Your local board and state association can assist in providing compliant base documents meeting the statutory requirements, but those forms may not extend commission triggers to some of the more unusual situations that pop up in commercial transactions. And, don't think the law will be sympathetic to you when that dispute arises. The Connecticut courts and legislature expect brokers to comply with their statutory and regulatory listing agreement obligations. Typical theori
Commercial Real Estate Brokers' Listing Agreement Tune-UpListing Agreement • June 18th, 2022
Contract Type FiledJune 18th, 2022Most brokers will have a listing agreement dispute once or twice during their careers, at best. However, as a law firm that drafts and enforces these agreements on behalf of brokers and owners (sometimes with significant dollars at risk), we see forms being used that are most likely unenforceable. That "one dispute" in your career could cost you tens of thousands of dollars. Now, when business is slow, is the time to look at your forms and operating systems to make sure they are up to date and working as they should. Your local board and state association can assist in providing compliant base documents meeting the statutory requirements, but those forms may not extend commission triggers to some of the more unusual situations that pop up in commercial transactions. And, don't think the law will be sympathetic to you when that dispute arises. The Connecticut courts and legislature expect brokers to comply with their statutory and regulatory listing agreement obligations. Typical theori
Commercial Real Estate Brokers' Listing Agreement Tune-UpListing Agreement • June 18th, 2022
Contract Type FiledJune 18th, 2022Most brokers will have a listing agreement dispute once or twice during their careers, at best. However, as a law firm that drafts and enforces these agreements on behalf of brokers and owners (sometimes with significant dollars at risk), we see forms being used that are most likely unenforceable. That "one dispute" in your career could cost you tens of thousands of dollars. Now, when business is slow, is the time to look at your forms and operating systems to make sure they are up to date and working as they should. Your local board and state association can assist in providing compliant base documents meeting the statutory requirements, but those forms may not extend commission triggers to some of the more unusual situations that pop up in commercial transactions. And, don't think the law will be sympathetic to you when that dispute arises. The Connecticut courts and legislature expect brokers to comply with their statutory and regulatory listing agreement obligations. Typical theori