This is the “Market the Property” paragraph:
“THE LISTING BROKERAGE AGREES TO MARKET THE PROPERTY ON BEHALF OF THE SELLER AND REPRESENT THE SELLER IN AN ENDEAVOUR TO OBTAIN A VALID OFFER TO PURCHASE THE PROPERTY ON THE TERMS SET OUT IN THIS AGREEMENT OR ON SUCH OTHER TERMS SATISFACTORY TO THE SELLER.
________________________ ____ _______________
(Authorized to bind the Listing Brokerage) (Date) (Name of Person Signing)”
Review
Set out below and marked in bold and italics are those words that are inserted by me to assist in the review. They are not set out in the clause itself. Let’s look at that paragraph in a little more detail:
Market the Property
THE LISTING BROKERAGE AGREES TO
Market the Property
MARKET THE PROPERTY ON BEHALF OF THE SELLER AND
Represent
REPRESENT THE SELLER
Seeking Valid Offer
IN AN ENDEAVOUR TO OBTAIN A VALID OFFER TO PURCHASE
THE PROPERTY
ON THE TERMS SET OUT IN THIS AGREEMENT OR
ON SUCH OTHER TERMS SATISFACTORY TO THE SELLER.
________________________ ____ _______________
(Authorized to bind the Listing Brokerage) (Date) (Name of Person Signing)”
COMMENT
For some reason the is no numbering for this paragraph and the title is mine. There are two obligations here:
- Market, and
- Represent.
There is a signature below this statement which also requires the date and the name of the person signing, in the event that their signature is not otherwise legible.
Brian Madigan LL.B., Broker