Exclusive Listing Agreement Ny

A New York real estate agent listing contract is a written contract between a real estate agent and a person in the market to sell a property. Once a listing contract is signed, the person becomes the agent`s client and the agent must represent their client to the best of their ability to obtain a fair offer for the property. This obligation is beneficial for both parties, since the agent receives a commission (percentage of the sale price) once the sale is completed. It is important that clients understand that they are able to negotiate the terms of the commission/royalty before signing the agreement. The agent should receive a fair percentage, but only if the sale has been completed and the corresponding efforts have been made by his share. 2. PERIOD OF PROTECTION – If, within 90 days of the expiry of this Agreement, the property is sold, exchanged or leased to or with a person or party who has shown the property during the term of the list, the owner undertakes to pay to the real estate agent and, where applicable, to a cooperating broker the commission fixed therein, as if the broker had made the sale. Exchange or leasing. New York MLS Exclusive Right to Sell Listing Agreement – Adobe PDF Agency Disclosure Form (RPP § 443) – New York real estate agents must make available to all potential clients the standardized publication form for agencies in accordance with Section 443 of Real Estate Law. Dual Agency (RPP § 443) – Dual Agency is permitted as long as both parties consent in writing. The agent`s obligations remain relatively similar, but some fiduciary duties will change. Look for a licensee – Find a real estate agent in New York City by name, license number, city, or county. My question is this: with regard to this clause – I have terminated my contract, I am in the 90-day protection period and someone was approached by someone who saw the house for the first time at an open house held by a former broker.

Can I talk to this potential buyer during the 90-day protection period? That is, negotiate, but not sell? The above clause uses the words sold and exchanged. Now, if I just talk to the buyer, do I owe a commission to the real estate agent, even if the actual sale takes place after the protection period has expired? Property Disclosure Statement (RPP § 462) – A seller of real estate must provide the buyer or buyer`s representative with a copy of this standardized disclosure statement. . . .