Agency Agreement for Sale of Property (Fixed Commission)

Bahman Eslamboly

Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms

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This Agency Agreement for Sale of Property is between a property owner and a real estate agent who will sell the property based on a fixed commission. This agreement sets forth the exact terms of the arrangement including the fixed amount of commission to be paid and the obligations of both parties. It is imperative that this type of agreement be in writing rather than through an oral agreement. A written Agency Agreement for Sale of Property on a Fixed Commission will be important in the event there are disagreements or misunderstandings between the seller and agent when the property is sold.

This Agency Agreement for Sale of Property (Fixed Commission) includes the following provisions:
  • Parties: Sets forth the names and addresses of the property owner and the agent;
  • Qualifications: Sets out that agent is a qualified real estate agent;
  • Appointment: Sets forth that agent has sole and exclusive rights to market and sell the property;
  • Fixed Compensation: Sets out the fixed amount of compensation the agent will be paid once the property is sold;
  • Agent’s Obligations: Sets out that agent will diligently market the property and pay all expenses in connection with the property sale;
  • Owner’s Obligations: Sets forth that owner will cooperate with agent by supplying any necessary information in order to sell the property;
  • Signatures: Both property owner and agent must sign the agreement;
  • Description of Property: A detailed description of the property is set out in Schedule A;
  • Conditions of Sale: All relevant conditions of sale (minimum purchase price, closing date, deposits) are set out in Schedule B.

Protect your Rights and your Property by using our attorney-prepared forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Agency Agreement for Sale of Property (Fixed Commission)
State Law Compliance: This form complies with the laws of all states

Agency Agreement for Sale of Property (Fixed Commission)

Product Details

Product Agency Agreement for Sale of Property (Fixed Commission)
Country United States
Pages 10
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category Agency Agreements for Real Estate
Product number #28943
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee

Frequently Asked Questions

An Agency Agreement for Sale of Property is a legal contract between a property owner and a real estate agent that outlines the terms under which the agent will sell the property for a fixed commission.

A written agreement is crucial as it provides a clear record of the terms agreed upon by both parties, helping to prevent misunderstandings and disputes during the sales process.

The real estate agent is obligated to diligently market the property, represent the owner’s interests, and cover all expenses related to the sale.

While this agreement specifies a fixed commission, parties can negotiate the amount before signing the agreement, ensuring mutual consent.

If the property does not sell, the agreement may still be binding for the duration specified, and the agent may still be entitled to compensation for marketing efforts, depending on the terms outlined in the agreement.

Is This Form Right For You?

Use This Form If:

  • Individuals who are looking to sell their property and want to ensure a clear understanding of the commission structure can benefit from this agreement. It provides a written framework that outlines the responsibilities of both the seller and the real estate agent, minimizing potential disputes.
  • Situations requiring a formal arrangement between a property owner and a real estate agent can utilize this agreement. By defining the fixed commission and the agent's obligations, both parties can proceed with confidence in the sales process.
  • For those entering into a real estate transaction, having a written Agency Agreement for Sale of Property is essential. This document not only protects the rights of both parties but also ensures compliance with state laws governing real estate transactions.
  • Real estate agents seeking to establish a professional relationship with property owners will find this agreement useful. It clearly delineates the scope of their authority and the expectations regarding marketing and selling the property.
  • Homeowners who have previously experienced misunderstandings with agents can use this agreement to avoid similar issues in the future. By documenting the terms of the sale, including commission and obligations, it serves as a safeguard against potential conflicts.

Do Not Use If:

  • – This form is not appropriate for properties that are not being actively marketed for sale. If a property owner is not ready to sell, an agency agreement is unnecessary.
  • – In cases where the property owner wishes to sell the property independently without the assistance of a real estate agent, this agreement should not be utilized.
  • – If the seller is looking for a variable commission structure rather than a fixed commission, this form would not meet their needs and a different agreement should be considered.
  • – Situations involving multiple agents or a dual agency scenario may require a different type of agreement to address the complexities of representation and commission sharing.

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