Broker Exclusion Clause Form PDF Details

If you are a homeowner in the process of selling your home, you will likely encounter a broker exclusion clause form. This is a document that allows the home's broker to opt-out of any legal claims that may arise from the sale. While this may seem like an unnecessary precaution, it is important to understand what this document entails and how it can protect you. By understanding the ins and outs of this form, you can make an informed decision about whether or not to sign it. Let's take a closer look at what a broker exclusion clause is and why you might want to consider using one. A broker exclusion clause is a legal document that allows a home's broker to opt-out of any legal claims that may arise from the

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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This document will need particular information to be filled in, thus you should definitely take some time to enter exactly what is expected:

1. It is advisable to complete the acknowledges properly, so take care when filling in the parts that contain these fields:

Cartus conclusion process clarified (step 1)

2. Once the previous selection of fields is completed, go to type in the relevant details in these - This addendum shall override any.

A way to fill in Cartus part 2

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