Broker Exclusion Clause Form PDF Details

In the dynamic world of real estate transactions, sellers are continually seeking strategies to maximize their potential for receiving the highest selling price for their homes. One such strategy involves listing the property through a trusted real estate broker, which can significantly enhance the visibility and appeal of the property to prospective buyers. However, the inclusion of a Broker Exclusion Clause is a critical component for those considering or using the Home Sale Assistance program, offering a unique blend of flexibility and protection. This clause, aiming to be incorporated into any listing agreement, essentially ensures that the seller can cancel the listing agreement and avoid the obligation of paying a broker's commission under specific conditions. These conditions include the sale of the property to Cartus Corporation (or any of its affiliates) and the transfer of any acceptable written offer to Cartus for negotiation, without any commission due until the sale is finalized and all payments are made. Furthermore, the requirement for real estate agents or brokers to provide necessary information to Cartus to verify the legitimacy and viability of a potential buyer emphasizes the care taken to ensure smooth transactional processes. This introductory overview encapsulates the major aspects and benefits of integrating a Broker Exclusion Clause within real estate listing agreements.

QuestionAnswer
Form NameBroker Exclusion Clause Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesget govtdoc fill, letter to owner as broker great offers pdf, get govtdoc, get govtdoc fillable

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BROKER EXCLUSION CLAUSE

To increase the opportunity of receiving the best possible price for your home, we recommend that you list your property with a reliable real estate broker. However, to provide for cancellation of the listing agreement, and protection from having to pay a broker’s commission if you utilize the Home Sale Assistance program, this clause must be included in any listing agreement.

Take this clause to your listing agent/broker and have it executed as part of your Listing Agreement.

File #

Owner's Name:

Property Address:

This addendum shall override any conflicting clauses or statements in the Listing Agreement.

1.The real estate agent/broker expressly acknowledges and agrees that the seller(s)/owner(s) have the following rights:

(a)To sell the property to Cartus Corporation or any affiliate of Cartus Corporation (collectively, “Cartus”) at any time, and in such event, this Listing Agreement is deemed cancelled with no obligation for payment of a commission or continuance of the listing thereafter; or

(b) To turn over or assign any acceptable written offer hereunder to Cartus for negotiation, completion and closing, with payment of commission being the obligation of Cartus.

No commission or compensation shall be earned by, or be due and payable to, the real estate agent/broker until a sale has been consummated, the deed delivered to the buyer(s), and the purchase price delivered to the seller(s)/owner(s) or to Cartus.

No monies above and beyond the percentage commission rate specified in the listing agreement will be paid to the real estate agent/broker for any reason.

2.Owner(s) have requested and I agree to provide Cartus, its designee such information with regard to any prospective buyer(s) as may be necessary for Cartus to determine that an offer is bona fide; that the prospective buyer(s) can reasonably be expected to qualify for any mortgage or other loan required to consummate the purchase and sale; or that the prospective buyer(s) can perform any other term or condition of any offer, counteroffer or prospective contract.

Real Estate Broker/ Authorized Broker's Representative

Date

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Cartus conclusion process clarified (step 1)

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A way to fill in Cartus part 2

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