The For Sale By Owner Commission Agreement serves property owners who choose to sell their property independently while still maintaining the option to work with real estate professionals under specific terms. This document is crucial in the United States real estate market where FSBO transactions represent a significant portion of property sales. It establishes clear parameters for commission payments, protecting both the property owner and real estate professionals involved. The agreement typically includes commission rates, payment terms, duration of the agreement, and any specific services to be provided.
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1. Parties: Identification of property owner and real estate professional
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being sold
5. Commission Structure: Terms of payment, amount, and conditions for commission
6. Term of Agreement: Duration of the agreement and any renewal provisions
7. Signatures: Execution block for all parties
1. Marketing Services: Specific marketing services to be provided, if any
2. Dispute Resolution: Mediation and arbitration provisions
3. Termination Rights: Specific conditions for early termination
1. Property Details Schedule: Detailed property specifications and inclusions/exclusions
2. Marketing Plan: Detailed marketing strategy and commitments, if applicable
3. Commission Calculator: Detailed breakdown of commission calculations in various scenarios
4. Required State Disclosures: State-mandated disclosure forms and acknowledgments
Relevant legal definitions
Agreement
Property
Commission
Closing
Listing Period
Purchase Price
Qualified Buyer
Sale
Services
Term
FSBO
Exclusive Right to Sell
Effective Date
Expiration Date
Marketing Materials
Multiple Listing Service (MLS)
Net Proceeds
Protected Buyer
Real Estate Professional
Selling Price
Title Company
Closing Date
Earnest Money
Selling Office Commission (SOC)
Property Owner
Property
Commission
Closing
Listing Period
Purchase Price
Qualified Buyer
Sale
Services
Term
FSBO
Exclusive Right to Sell
Effective Date
Expiration Date
Marketing Materials
Multiple Listing Service (MLS)
Net Proceeds
Protected Buyer
Real Estate Professional
Selling Price
Title Company
Closing Date
Earnest Money
Selling Office Commission (SOC)
Property Owner
Clauses
Commission Structure
Scope of Services
Term and Duration
Property Description
Payment Terms
Marketing Rights
Representation and Warranties
Termination
Agency Relationship
Exclusivity
Property Access
Cooperation
Indemnification
Dispute Resolution
Governing Law
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Protected Buyers
Commission Protection Period
Multiple Listing Service
Fair Housing Compliance
Disclosure Requirements
Scope of Services
Term and Duration
Property Description
Payment Terms
Marketing Rights
Representation and Warranties
Termination
Agency Relationship
Exclusivity
Property Access
Cooperation
Indemnification
Dispute Resolution
Governing Law
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Protected Buyers
Commission Protection Period
Multiple Listing Service
Fair Housing Compliance
Disclosure Requirements
Relevant Industries
Relevant Teams
Relevant Roles
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