The Co-Listing Agent Agreement serves as a crucial document in situations where multiple real estate professionals collaborate to market and sell a property. This agreement type is particularly valuable for high-value properties, large developments, or situations requiring expanded market reach through multiple agencies. The document addresses commission structures, marketing responsibilities, cost sharing, and dispute resolution mechanisms while ensuring compliance with U.S. federal and state-specific real estate regulations. It provides clarity and protection for all parties involved in the co-listing arrangement.
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1. Parties: Identifies all participating real estate brokerages/agents entering into the co-listing agreement
2. Background: Explains the context of the agreement and property details
3. Definitions: Defines key terms used throughout the agreement
4. Term of Agreement: Specifies duration of the co-listing arrangement
5. Commission Structure: Details the commission split between co-listing agents
6. Duties and Responsibilities: Outlines specific obligations of each co-listing agent
7. Marketing Requirements: Specifies marketing obligations and cost sharing
8. Termination: Conditions and process for ending the agreement
1. Exclusivity Clause: Defines whether agents can take other listings during the term of this agreement
2. Dispute Resolution: Specifies mediation and arbitration procedures for resolving conflicts between parties
3. Intellectual Property Rights: Establishes ownership and usage rights for marketing materials and content created during the listing period
4. Post-Termination Obligations: Details ongoing responsibilities and obligations after the agreement ends
1. Property Details Schedule: Detailed description of the property being listed including address, specifications, and special features
2. Marketing Plan: Comprehensive marketing strategy and budget allocation for the property listing
3. Commission Split Schedule: Detailed breakdown of commission sharing arrangements between co-listing agents
4. Agency Disclosure Forms: State-required forms detailing agency relationships and responsibilities
Relevant legal definitions
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