Disclaimer
The information provided is intended solely as a general example for illustrative purposes regarding arrangements where a real estate agent is granted authority to act on behalf of the owner within a defined geographic area. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
Please note: This is a sample template for an Exclusive Agency Agreement in the US, provided for illustration purposes only. Actual terms may differ based on specific negotiations and applicable laws.
Exclusive Agency Agreement (US) Sample
Parties Involved:
Broker: XYZ Real Estate Services LLC
Address: 123 Main Street, New York, NY 10001
Principal: John Doe
Address: 456 Elm Street, New York, NY 10002
Property Description:
The property subject to this agreement is located at 789 Broadway, New York, NY 10003, or other designated real estate as specified herein.
Exclusive Agency Terms:
The Broker shall have the exclusive right to sell or lease the property during the term of this agreement. The Principal agrees not to engage other brokers or agents for the same purpose.
Commission:
The Broker shall be entitled to a commission of 3% of the total sale price or lease value, payable upon successful closing or lease execution, as applicable.
Broker Responsibilities:
The Broker agrees to actively market, promote, and negotiate on behalf of the Principal, adhering to all relevant laws and ethical standards.
Governing Law:
This agreement shall be governed by the laws of the State of New York. Disputes shall be resolved in the courts of New York County.
Additional Provisions:
- The Principal grants the Broker exclusive rights during the term of this agreement.
- This agreement can only be modified through a written amendment signed by both parties.
- Commissions are payable only upon the successful closing or lease of the property.
New York, ______________________
John Doe (Principal)
Jane Smith (Broker)