Listing Contract – Exclusive Right to Sell and/or Lease Commercial Property
Form XLSC
Aug. 1, 2024 Forms Update: View the 2024 Forms Update Comprehensive Guidelines document, which explains changes to several forms that were made as a result of the NAR settlement agreement.
About the Exclusive Right to Sell and/or Lease Commercial Property
The Exclusive Right to Sell and/or Lease Commercial Property (Form XLSC) establishes an exclusive agency with the property owner, whether they are looking to sell or lease a property. This is a binding agreement for both the broker and the owner. Neither party has an automatic right to terminate the contract unless both sides negotiate that sort of term in writing.
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