Exclusive right to sell listing agreement definition

Exclusive right to sell listing agreement means a listing agreement whereby the owner grants to a seller’s agent, for a specified period of time, the exclusive right to sell, find, or obtain a buyer for the real property, and the seller’s agent is entitled to the agreed compensation if, during that period of time, the real property is sold, no matter who effected the sale, or when the seller’s agent receives and presents to the owner any enforceable offer from a ready, able, and willing buyer on terms that are authorized by the listing agreement or accepted by the owner. An “exclusive right to sell listing agreement” may provide for compensation to the seller’s agent if the property is sold within a specified period after termination of the listing agreement.
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Exclusive right to sell listing agreement with ABC Realty, Inc., and an “Exclusive Right To Sell Listing Agreement” with XYZ Realty, Inc. If a ready, willing and able buyer is procured by ABC Realty, Inc., which of the following statements would be legally correct? seller would owe one commission to ABC Realty, Inc. seller would owe one commission to XYZ Realty, Inc. seller would owe two commissions; one commission to ABC Realty, Inc. and one commission to XYZ Realty, Inc. seller would owe no commission since two agreements were signed. An estate for years must be in writing, no matter what the term expire automatically at the end of the period designated exist when a leasehold interest expires or terminates without the tenant vacating the property be renewable from year to year Which of the following items is NOT part of the basic NC homeowner’s insurance policy? third party injury theft floor The Residential Property Disclosure Statement must be given to the buyer of the residential property upon first substantial contact when previewing the property with a licensed real estate agent when discussed with a lender the possibility of financing the property no later than the time the buyer makes an offer on the property Concerning the Residential Property Disclosure Statement, which of the following is true? The listing agent should fill out the form on behalf of the seller principal The listing agent must reveal known material facts, even if the seller checked “No Representations”. Even though it is a state mandated form, it can be modified by the seller and/or agent to meet specific property conditions. The purchaser is required to sign the form acknowledging receipt. Aunt Xxxx decides to sell her property to a church “so long as” the property is used for religious purposes. One year after the closing, the new owner uses the property for a non-religious purpose. Which of hte4e following statement(s) is correct? This situation is classified as “fee simple conditional subsequent”. This situation is classified as “fee simple determinable”. Aunt Xxxx (or her heirs) would be required to take the current owner to court to regain the title to the property. Title would automatically revert back to Aunt Xxxx (or her heirs) Which of the following is not an essential element of a promisory note? a promise to pay lender’s signature terms of payment amount of the debt The main purpose of the Truth in Lending Act and Regulation Z is to regulate the practice of redlining to give credit without regard to race to ...
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Examples of Exclusive right to sell listing agreement in a sentence

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Related to Exclusive right to sell listing agreement

  • Exclusive Right to Sell listing means that if you, the owner of the property, find a buyer for your house, or if another broker finds a buyer, you must pay the agreed commission to the present broker.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit G attached to this Agreement.

  • Additional Xxxx of Sale means each document, in the form of Attachment D hereto, executed by an authorized officer of VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding which shall: (i) set forth the list and certain terms of (a) Additional Loans offered by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding and accepted for purchase by the Interim Eligible Lender Trustee for the benefit of Funding, including the Additional Loans Purchase Price for the Additional Loans being sold thereunder or (b) Substituted Loans substituted by VL Funding and (ii) sell, assign and convey to Funding and the Interim Eligible Lender Trustee, for the benefit of Funding, and their assignees, all right, title and interest of VL Funding and of the VL Funding Eligible Lender Trustee on behalf of VL Funding in the Additional Loans or Substituted Loans, as applicable, listed on the related Additional Xxxx of Sale and (iii) certify that the representations and warranties made by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding pursuant to Sections 5(A) and (B) of these Master Terms, by the Servicer as set forth in Section 5(C) and by the Interim Eligible Lender Trustee as set forth in Section 5(D) are true and correct.

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Initial Xxxx of Sale means the document, in the form of Attachment B hereto, executed by an authorized officer of SLM ECFC which shall (i) set forth the applicable Initial Loans offered by SLM ECFC and accepted for purchase by the Interim Eligible Lender Trustee for the benefit of Funding, (ii) sell, assign and convey to the Interim Eligible Lender Trustee for the benefit of Funding and its assignees all rights, title and interest of SLM ECFC in the Initial Loans listed on that Xxxx of Sale and (iii) certify that the representations and warranties made by SLM ECFC as set forth in Sections 5 (A) and (B) of these Master Terms are true and correct.

  • Transferable development right means a right to develop and use land that

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • Cross License Agreement means that certain Cross License Agreement between and among Medarex, Cell Genesys, Inc., Abgenix, Inc., Xenotech, L.P. and Japan Tobacco Inc., dated March 26, 1997.

  • Termination of parental rights means the permanent elimination of all parental rights and duties, including residual parental rights and duties, by court order.

  • Exclusive License has the meaning set forth in Section 3.1.

  • IP License Agreement shall have the meaning set forth in Section 1.2.

  • Warranty Xxxx of Sale means the warranty (as to title) xxxx of sale covering the Aircraft executed by Manufacturer or an affiliate of Manufacturer in favor of Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft.

  • Listing Agreement means an agreement that is to be entered into between a recognised stock exchange and the Company pursuant to Securities and Exchange Board (Listing Obligations and Disclosure Requirements), 2015

  • Patent License Agreement means the Patent License Agreement substantially in the form of Exhibit C.

  • Alternate VRDP Shares Purchase Agreement means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.

  • Right of First Refusal means the Company’s right of first refusal described in Section 8.

  • Bxxx of Sale has the meaning set forth in Section 3.02(a)(i).

  • Securities Lending Agreement means an agreement under which a local agency agrees to transfer securities to a borrower who, in turn, agrees to provide collateral to the local agency. During the term of the agreement, both the securities and the collateral are held by a third party. At the conclusion of the agreement, the securities are transferred back to the local agency in return for the collateral.

  • FAA Xxxx of Sale means the xxxx of sale for the Aircraft on AC Form 8050-2 executed by Manufacturer or an affiliate of Manufacturer in favor of Company and recorded with the FAA.

  • Licensing Agreement means a commercial agreement between a design approval holder and a production approval holder (or applicant) formalizing the rights and duties of both parties to use the design data for the purpose of manufacturing the product or article.

  • Right of First Offer has the meaning set forth in Section 8.7.

  • Company License Agreements means any license agreements granting any right to use or practice any rights under any Intellectual Property (except for such agreements for off-the-shelf products that are generally available for less than $25,000), and any written settlements relating to any Intellectual Property, to which the Company is a party or otherwise bound; and the term “Software” means any and all computer programs, including any and all software implementations of algorithms, models and methodologies, whether in source code or object code.

  • Trademark License Agreement means that certain Trademark License Agreement in substantially the form attached hereto as Exhibit F.

  • Technology License Agreement means the agreement in the form of Exhibit H hereto.

  • Put Option Agreement has the meaning set forth in the recitals.