In most cases, the termination of a listing contract requires the agreement of the real estate agent. At the customer`s request for termination, the agent`s first instinct is to believe that the customer is trying to get out of paying a commission. Therefore, both parties are bound to each party until the end of their term, unless there is a language allowing the customer to terminate. If the Seller of the Agency sets up the “exclusive right to sell” the property and thus entitles the Agency to his commission, whether or not the property in question is sold by the Agency, mark the first control box. This means that even if an external party or seller finds a buyer, the agency receives its agreed commission at closing. The second statement should be marked if the seller intends to make it an “Exclusive Agency” agreement, which means that the Agency only receives its commission if the agency is the source of a buyer. If something is not mentioned in the declaration of disclosure of the property, the buyer can terminate the contract of sale without losing his acompt. Otherwise, if the real estate agent requests the termination of the contract, the client is inclined to give his agreement, because the broker basically says that he no longer wishes to provide his services. Then, the broker, as a representative of the Agency, must sign the “Broker`s Signature” line and then print his name under the signature. The broker must also communicate the full name of the agency with which he works and that he represents, by signature in the empty field called “agency name”. It must be printed. Finally, the broker must personally document the date of signature in the “Date” line.
The fifth part, which is marked with the label “V. Period of the agreement” printed in bold, requires a record of the exact start date of this agreement and the date on which it will end. .