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Exclusive right to sell is different from a similar-sounding term, exclusive agency. With the exclusive right to sell, the agent and their brokerage make a commission no matter who finds the buyer.
Exclusive right to sell: The seller must pay the brokerage a commission if, by the expiration date in the listing contract, the real estate is sold, regardless of whether the buyer is obtained through the agency or not. Even if the seller finds the buyer him/herself, a commission is still owed to the brokerage.
In an "Exclusive Right to Sell Agreement", the broker normally agrees to cooperate with other brokers and to share a portion of the total real estate commission paid by the seller. However, in a pocket listing situation, it is stated that the property shall not be placed in an MLS, and thus there is no agreement to work cooperatively with other ...
An exclusive right, or exclusivity, is a de facto, non-tangible prerogative existing in law (that is, the power or, in a wider sense, right) to perform an action or acquire a benefit and to permit or deny others the right to perform the same action or to acquire the same benefit. Exclusive rights are a form of monopoly.
AT&T maintained that the cross-licensing agreements gave it the exclusive right to sell airtime. AT&T also normally refused access to its high-quality telephone lines to competitors, so RCA's efforts generally used telegraph lines to connect stations, which would prove to have inadequate fidelity and reliability.
An assignment does not necessarily have to be made in writing; however, the assignment agreement must show an intent to transfer rights. The effect of a valid assignment is to extinguish privity (in other words, contractual relationship, including right to sue) between the assignor and the third-party obligor and create privity between the obligor and the assignee. [1]
The right whales are considered to be the 149th and 150th documented cases in the ongoing North Atlantic right whale Unusual Mortality Event (UME), which includes dead, seriously injured or health ...
Lawn signs advertising houses for sale. Real estate agents and real estate brokers are people who represents sellers or buyers of real estate or real property.While a broker may work independently, an agent usually works under a licensed broker to represent clients. [1]
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