The Broker Owner Agreement serves as a foundational document in real estate transactions across the United States. This agreement is essential when property owners seek professional representation for selling, leasing, or managing their properties. A well-structured Broker Owner Agreement clearly defines the scope of services, commission structures, and obligations of both parties while ensuring compliance with state-specific real estate laws and federal regulations. It protects both the broker's interests in securing compensation for services and the owner's interests in professional property representation.
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1. Parties: Identification of the broker and property owner, including full legal names and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of broker's duties and responsibilities
5. Commission Structure: Terms of payment and commission rates
6. Term and Termination: Duration of agreement and conditions for termination
7. Representations and Warranties: Legal assurances from both parties
1. Marketing Requirements: Specific marketing obligations and standards - include when specific marketing requirements need to be established
2. Exclusivity Provisions: Terms of exclusive listing rights - include when broker is granted exclusive rights
3. Property Management Services: Additional property management responsibilities - include when broker also provides property management services
1. Schedule A - Property Details: Detailed description of property(ies) covered under agreement
2. Schedule B - Commission Schedule: Detailed breakdown of commission structures and scenarios
3. Schedule C - Marketing Plan: Specific marketing strategies and commitments
4. Appendix 1 - Required Disclosures: State-mandated real estate disclosures
Relevant legal definitions
Agreement
Broker
Property
Owner
Brokerage Services
Commission
Effective Date
Exclusive Right to Sell
Listing Period
Listing Price
Marketing Materials
Multiple Listing Service (MLS)
Net Sales Price
Property Management Services
Prospective Buyer
Real Estate License
Sale
Term
Territory
Transaction
Confidential Information
Force Majeure
Governing Law
Listing Agreement
Protected Period
Termination Date
Broker
Property
Owner
Brokerage Services
Commission
Effective Date
Exclusive Right to Sell
Listing Period
Listing Price
Marketing Materials
Multiple Listing Service (MLS)
Net Sales Price
Property Management Services
Prospective Buyer
Real Estate License
Sale
Term
Territory
Transaction
Confidential Information
Force Majeure
Governing Law
Listing Agreement
Protected Period
Termination Date
Clauses
Appointment of Broker
Scope of Services
Exclusivity
Commission Structure
Term and Duration
Termination
Marketing and Advertising
Property Access
Confidentiality
Representations and Warranties
Indemnification
Insurance
Force Majeure
Assignment
Governing Law
Dispute Resolution
Notices
Property Management
Transaction Documentation
Compliance
Intellectual Property
Non-Solicitation
Severability
Entire Agreement
Amendment and Modification
Multiple Listing Service
Liability Limitations
Scope of Services
Exclusivity
Commission Structure
Term and Duration
Termination
Marketing and Advertising
Property Access
Confidentiality
Representations and Warranties
Indemnification
Insurance
Force Majeure
Assignment
Governing Law
Dispute Resolution
Notices
Property Management
Transaction Documentation
Compliance
Intellectual Property
Non-Solicitation
Severability
Entire Agreement
Amendment and Modification
Multiple Listing Service
Liability Limitations
Relevant Industries
Relevant Teams
Relevant Roles
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