This open listing agreement (“Agreement”) is made on the first date below by and between:
New York Brokerage LLC with a mailing address of 123 Fifth Avenue, New York, NY 10044 (hereinafter “Broker”), and John Smith with a mailing address of 123 Houston Street, New York, NY 10012 (hereinafter “Owner”).
Address: 123 Houston Street, New York, NY 10012
Listing Price: $775,000
Owner agrees to list the Property with Broker for a period of 30 days, from date hereof.
Owner agrees to pay Broker a commission of ______ percent (__%) of the sale price should Broker find a purchaser ready, willing, and able to pay at least the Listing Price for the property or such other sum as may be accepted by Owner. Said commissions are only payable upon closing.
The Owner retains the right to sell the property directly on his or her own behalf with no commission to Broker, so long as the Broker did not find the purchaser. The Owner further has the right to list the property with other brokers. If a sale is made within 3 months after this agreement terminates to parties found by the Broker during the term of this agreement, and the buyer has been disclosed to Owner, Owner shall pay the commission specified above.
Forfeit of Deposit
If a deposit of money is forfeited by a purchaser produced by Broker, 30% of the deposit shall be retained by Broker, and the other half of the deposit shall be paid to the Owner.
Owner’s Signature and Date:
Broker’s Signature and Date: