Broker Reactivation-Entire Right to Buy Listing Contract

Pdf Summary

The BC60 Exclusive Right-to-Buy Listing Contract is a contract between a buyer and a broker that outlines the terms of their agreement for the broker to assist in finding and purchasing a property. Unlike the Exclusive Right to Sell Listing Contract, there is no agency relationship created with the brokerage firm under the BC60. The contract defines terms such as the buyer, brokerage firm, broker, property, and purchase or lease. It also explains the different brokerage relationships, such as buyer's agent and transaction-broker, and specifies the duties of the broker. The compensation to the brokerage firm and any cooperative brokers is outlined, including the broker's fee, hourly fee, retainer fee, and other compensation. The contract also includes provisions regarding default, the buyer's obligations to the broker, and the broker's limitations on accessing properties. It addresses matters such as the disclosure of the buyer's identity, settlement service costs, wire and other frauds, removal of marketing material, non-discrimination, and the recommendation of legal and tax counsel. The contract includes provisions regarding mediation, attorney fees, additional provisions, attachments, notice and delivery, choice of law, modification of the contract, counterparts, and the entire agreement. The buyer is acknowledged to have received a copy of the contract, and if the presence of a registered sex offender is a concern, the buyer is advised to contact local law enforcement officials.

Asset Caption

Please review the detailed instructor notes for the Right-to-Buy listing contract here.

Keywords

BC60 Exclusive Right-to-Buy Listing Contract

buyer

broker

brokerage firm

property

compensation

default

accessing properties

disclosure

registered sex offender