AIR Commercial Real Estate Association - Exclusive Right To Represent Owner For Sale Or Lease Of Real Property (Non-Residential) - Exclusive Employment And Rights

Sep 16, 2026

Agency agreement template for exclusive representation of an owner in the sale or lease of non-residential real property under AIR Commercial Real Estate Association terms. Defines basic provisions including parties, property description, agreement term, and transaction type. Grants the agent sole and exclusive employment rights to market the property, conduct negotiations, place advertising/lockbox, accept deposits, distribute property information, and submit the property to the multiple listing platform. Addresses dual agency consent when the agent identifies the counterparty.

LanguageEnglish

CategoryLetters

FormatPDF

Pages5

Reading Time2 min

AccessFree to download

Exclusive Right To Represent Owner For Sale Or Lease Of Real Property (Non-Residential)

Basic Provisions (Basic Provisions)

Exclusive Employment And Rights

Property

5.1 (b) If the Transaction is a lease and,~~ (i)~~ a lease of the Property, or a portion thereof is executed; ~~or (ii) a lessee is procured who is ready, willing and able to lease the Property on the terms stated herein, or on any other rent and/or terms agreeable to Owner; ~~or” (d) If earnest money or similar deposits made by a prospective purchaser or tenant are forfeited Agent shall be entitled to one-half (½) thereof, but not to exceed the total amount of the commission that would have been payable had the sale or lease transaction been consummated. EXCLUSIVE RIGHT TO REPRESENT OWNER FOR SALE OR LEASE OF REAL PROPERTY (Non-Residential) AIR COMMERCIAL REAL ESTATE ASSOCIATION 1. BASIC PROVISIONS ("BASIC PROVISIONS") . 1.1 Parties: This agency Agreement ("Agreement") , dated for reference purposes only , is made by and between , whose address is telephone number () , Fax No. () ("Owner") , and whose address is , , , , telephone number () , Fax No. () ,("Agent") . 1.2 Property/Premises: The real property, or a portion thereof, which is the subject of this Agreement is commonly known by the street address of , located in the City of , County of , State of , and generally described as (describe briefly the nature of the property): , except as it may be extended ("Term") . (See also paragraph 4) 1.4 Transaction: The nature of the transaction concerning the Property for which Agent is employed ("Transaction") is (check the appropriate box(es)): ("Property") . (See also Paragraph 3) . 1.3 Term of Agreement: The term of this Agreement shall commence on and expire at 5:00 p. m . on (a) 􀂅 A sale for the following sale price and terms: and other additional standard terms reasonably similar to those contained in the "STANDARD OFFER, AGREEMENT AND ESCROW INSTRUCTIONS FOR THE PURCHASE OF REAL ESTATE" published by the AIR Commercial Real Estate Association ("AIR") , or for such other price and terms agreeable to Owner; (b) 􀂅 A lease or other tenancy for the following rent and terms: and other additional standard terms reasonably similar to those contained in the appropriate AIR lease form or for such other rent and terms agreeable to Owner. 2. EXCLUSIVE EMPLOYMENT AND RIGHTS. 2.1 Owner hereby employs Agent as Owner's sole and exclusive agent to represent Owner in the Transaction and to find buyers or lessees/tenants ("lessees") , as the case may be, for the Property. Agent shall use reasonably diligent efforts to find such buyers or lessees. All negotiations and discussions for a Transaction shall be conducted by Agent on behalf of Owner. Owner shall promptly disclose and refer to Agent all written or oral inquiries or contacts received by Owner from any source regarding a possible Transaction. 2.2 Owner authorizes Agent to: (a) Place advertising signs on the Property; (b) Place a lock box on the Property if vacant; (c) Accept deposits from potential buyers or lessees; and (d) Distribute information regarding the Property to participants in THE MULTIPLE ("MULTIPLE") of the AIR and/or any other appropriate local commercial multiple listing service, to other brokers, and to potential buyers or lessees of the Property. Owner shall identify as "confidential" any information provided to Agent that Owner considers confidential and does not want disclosed. All other information provided by Owner may be disclosed as Agent may deem appropriate or necessary. After consummation of a Transaction, Agent may publicize the terms of such Transaction. 2.3 Agent shall comply with the Rules of Professional Conduct of the AIR, if a member or if not, the Rules of Professional Conduct of the Society of Industrial and Office Realtors, and shall submit the Property to the MULTIPLE. Agent shall cooperate with participants in the MULTIPLE and may, at Agent's election, cooperate with other real estate brokers (collectively "Cooperating Broker") . 2.4 If the Transaction is a

FAQs

What does the exclusive right to represent owner cover in this agreement?

It appoints the agent as the owner’s sole and exclusive representative to find buyers or lessees/tenants and to represent the owner in negotiations for the transaction.

What activities is the owner authorized to allow the agent to perform?

The owner authorizes the agent to place advertising signs and lock boxes (if vacant), accept deposits, and distribute property information to participants in the AIR multiple listing and other appropriate local services, brokers, and potential buyers or lessees.

How is dual agency handled when the agent finds the counterparty?

If the agent finds the buyer or lessee, the owner authorizes the agent to act as agent for that buyer or lessee, and the owner consents to dual agency; arrangements differ if a cooperating broker finds the counterparty.

Sep 16, 2026

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