Business transitions often require experts to help find new locations, negotiate leases or sales, and manage a move.
As commercial real estate agents, our assignments are memorialized through agreements – either agency or representation.
In real estate transactions, a listing agreement is a contract between a real estate broker and a property owner. This agreement gives the broker the authority to act as the owner’s agent in the sale or lease of the property. The term “exclusive” means the owner agrees to work solely with the broker for a specified period of time to try and sell or lease the property.
Open listing: An open listing agreement is a non-exclusive contract, meaning the owner can hire as many brokers as they like. The commission is earned only by the broker who brings a buyer or tenant. Preceding a tenant or buyer representations could be anything from a company growing and needing larger facilities, to a business downsizing or restructuring its operations, to an operation relocating to a different area. These transitions often can require expert help to manage, particularly when it comes to finding suitable new locations, negotiating leases or sales, and managing the move itself.
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