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If you are planning to enter into an exclusive sale agreement in Florida, you’ll want to consider the legality of the agreement and protect your rights. Exclusive sale agreements may be used when a person is selling their home, or these agreements may be between two companies who are manufacturing, supplying, or dealing in goods and services. Your needs will depend on the kind of exclusive sale agreement you are entering into.
When selling real estate, sellers and real estate agents will generally enter into exclusive sale agreements. This means that you are choosing to work with a single real estate agent for the duration of your home sale. When you enter into an exclusive sale agreement with a broker, you agree to pay the broker for the sale, regardless of how the buyer is found. This means that whether the buyer is found through the efforts of your real estate agent, or through other means, the real estate agent still receives commission for the sale. There are several ways exclusive sale agreements can be drafted that can protect your rights. For example, some of these agreements will have exemptions if the seller finds the buyer or if a person listed as an exemption on the contract buys the property (for example, if a family member decides to buy). Signing an exclusive sale agreement can be beneficial for home sellers. Real estate agents tend to favor them and tend to be able to do more for these clients. When entering into an exclusive sale agreement to sell your home, it is important that you understand the termination clauses. For example, what happens should you plan to take your home off the market? The exclusive sale agreement can specify these terms. If you are planning to sell your home and are being asked to sign an exclusive sale agreement, reach out to Legal Counsel, P.A. in Orlando, Florida today and speak to our exclusive sale agreement lawyer who can assist you.
When entering into exclusive sale agreements with another company, it is important that your company follow antitrust laws. The Federal Trade Commission includes some guidelines regarding these contracts. When entering into exclusive sales agreements, these agreements must generally not prevent other competitors from entering or competing in the market. The FTC may look at how long the contract is valid, the sources and outlets covered in the contract, and the number of other sources and outlets that remain available to competition after the contract has been signed. If you have questions about compliance and want to protect your business interests, contact Legal Counsel, P.A. who employs a qualified exclusive sale agreement lawyer in Orlando, Florida to assist you. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
An exclusive sale agreement for real estate should include specifics about the time frame of the contract, the commission you’ll pay your agent, cancellation or termination clauses, and duties of each party. If you are a real estate agent and need assistance drafting your exclusive sale agreements, our exclusive sale agreement lawyer at Legal Counsel, P.A. in Orlando, Florida can help. Our firm can write these contracts to protect your interests and rights. You work hard for your clients and you want to make sure that you are paid the commission you deserve. An exclusive sale agreement can protect you should a dispute arise.
If you are signing an exclusive sale agreement with a real estate agent, the exclusive sale agreement lawyer at Legal Counsel, P.A. in Orlando, Florida can review this contract to protect your interests and rights. What a real estate agent will want in this contract will differ from what a property or home seller will want. For example, a property seller will want to set the time frame for the contract for the shortest possible time. This puts pressure on your real estate agent to sell the property more quickly and allows you to work with another agent if the real estate agent fails to sell in the specified time frame. A real estate agent will likely want a longer time frame, but in a hot market, the time frame may not be an issue.
A concern for the real estate agent will be protection clauses that ensures that the agent gets paid. The contract can include terms to protect the agent from a situation where a seller finds a buyer independent of the real estate agent and then waits for the timeframe of the contract to expire. Exclusive sale agreements generally award commission to the real estate agent regardless of how the buyer was found. There are many different provisions you’ll want to consider when creating an exclusive sale agreement contract. Contact Legal Counsel, P.A. and our exclusive sale agreement lawyer in Orlando, Florida can help. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
Let our exclusive sale agreement lawyer at Legal Counsel, P.A. assist you with your exclusive sale agreement. Whether you are a small business looking to create a relationship with a distributer or manufacturer, or are a real estate agent looking to protect your interests, or are a home owner trying to sell your home, an exclusive sale agreement can protect your rights and clarify each party’s responsibilities. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321