APPROVED EXCLUSIVE RIGHTS OF SALE LISTING AGREEMENT
By Realtors Association of Jamaica
Affiliate Member National Association of Realtor
I/We_________________________________________________________________________________________________________
Of __________________________________________________________________________________________________________
the person(s) legally authorized to sell or otherwise deal with the property hereinafter mentioned ( hereinafter called the
“Principal”) hereby give you
(hereinafter called the “Broker”) the exclusive
and sole right as the only Agent or person to sell the property including chattels (hereinafter collectively called the “Property”) upon the terms and
conditions hereinafter mentioned in the Schedule hereto.
SCHEDULE
1.
DESCRIPTION
OF PROPERTY
Volume:
Folio:
Street Address _________________________________________________________________________________________
2.
SALE PRICE ___________________________________________________________________________________________
3.
DURATION OF
THIS AGREEMENT:
A period of _________ days commencing __________________ and expiring ____________________
COMMISSION:
(1)
A commission of
per centum of the sales price of the listed property
and/or chattels plus
GCT shall be paid by the Principal or his duly authorized
Agent to the Broker, should the Broker or his duly authorized Agent introduce a
person who completes the purchase of the property.
(2)
The commission shall also be paid to the Broker when an agreement of sale is
executed at any time during the duration of this agreement between the principal
and a purchaser not introduced by the Broker, meaning the commission is also
payable notwithstanding whether the principal/vendor sells the property on their
own during the period for which this contract applies.
(3)
Where an agreement is executed at anytime up to a period of three months after the
termination of this agreement or any extension thereof by a purchaser introduced by
the Broker, the commission shall be payable to the Broker.
4.
5.
HOW PAYABLE:
As defined in the contract for sale.
6.
OTHER CONDITIONS:
(1)
(2)
(3)
(4)
(5)
(6)
7.
BROKER OBLIGATION
AND AUTHORITY:
The Principal shall make the property available to the Broker for showing at
reasonable hours.
The principal shall immediately refer to the Listing Broker all inquiries received
independently of the Broker relative to the said property, as this is an exclusive right
of sale listing, bearing in mind paragraph 4 (2) above.
The Broker is hereby authorized by the Principal to deal with other real estate Brokers
and/or sales persons as co-brokers in matters relating to the said property during the
period of this agreement. The Principal shall not contract with other Broker and/or
salespersons in matters relating to the said property without first consulting with and
obtaining the consent of the Broker herein.
The Principal hereby certifies that he is entitled by law to sell or otherwise deal with
this property and the Principal irrevocably undertakes indemnity and hold the Broker
harmless for any loss, damages and/or expenses that may result, whether directly
or indirectly as a result of this certification stipulated herein.
The Principal agrees to instruct his Attorney-at-Law to pay the commission plus GCT
on completion and to insert a clause in the agreement for sale indicating the payment
of the commission to the Broker.
The Principal hereby acknowledges and confirms that the Broker’s right to the commission specified at Clause
6 (5) above shall continue and be enforceable and
shall survive the expiration of this agreement.
Broker agrees to make diligent and continued efforts to sell the property until a sales contract
Is signed and deposit paid. The Principal authorizes Broker to:
(1)
(2)
(3)
(4)
(5)
Advertise the property at Broker’s expense as Broker deems appropriate.
The Principal also agrees with the Broker to photograph the property and place a
“FOR SALE” sign on the property.
Place the property on the RAJ Multiple Listing to facilitate co-broking with other Broker.
Present all offers to the Principal whether in writing or verbal in a timely manner.
Assist with negotiations and prepare vendor’s net out sheet for vendor’s perusal.
8.
CANCELLATION BY
PRINCIPAL:
In the event of failure to honour the undertaking as specified in this contract, the Principal and
the Broker reserve the right to cancel this contract by giving Thirty days written notice to either party.
I have read, fully understand and agree to the above terms and conditions.
IN WITNESS HEREOF the parties have hereunto set their hands this
day of
20
______________________________________
SIGNED BY THE PRINCIPAL
_________________________________________
IN THE PRESENCE OF
PER:
_______________________________
_________________________________________
SIGNED by the BROKER
IN THE PRESENCE OF
NAME: _______________________
LISTING AGENT
Apt ( ) Townhouse ( )
House ( x )
Resort Villa ( )
Office/ Commercial ( ) Farm/ Agriculture Land
( )
Residential Lot ( )
Commercial Lot ( )
Other ( )
BRIEF DESCRIPTION OF PROPERTY
_________________________________________________________________________________________
_________________________________________________________________________________________
________________________________________________________________________________________
DIRECTIONS TO PROPERTY
________________________________________________________________________________________________
BUILDING(S)
Type
Size
Age
Stories
Bedrooms
Bathrooms
Kitchen
Living room
Dining room
Family room
Study
Powder room
Patio
Verandah
Balcony
Helper’s quarters
Laundry
Telephone
Appliances
Air conditioning
Roof
Grill
Water Heater
Garage
Water Tank
Generator
Satellite dish
Pool
LAND
Size
Landscaping
Roads
Water
Power
Cultivations
Livestock
Showing Instructions