Listing Contract – Exclusive Right to Sell and/or Lease Commercial Property
Form XLSC
About the Exclusive Right to Sell and/or Lease Commercial Property
The Exclusive Right to Sell and/or Lease Commercial Property (Form XLSC) establishes an exclusive agency with the property owner, whether they are looking to sell or lease a property. This is a binding agreement for both the broker and the owner. Neither party has an automatic right to terminate the contract unless both sides negotiate that sort of term in writing.
Latest Content
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The Importance of Reading Your Forms
- November 14, 2025
- 5 min. read
The specific words of a contract create a binding legal relationship between the parties, so it’s important to know exactly what those words are to best represent your clients and your brokerage.
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Appraisal Contingency Addendum Changes
- August 29, 2025
- 5 min. read
This year brings a newly revised Appraisal Contingency Addendum to the Agreement of Sale (Form ACA).
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Mortgage Contingency Update Coming Sept. 1
- August 22, 2025
- 7 min. read
A revision to the mortgage contingency of the PAR Agreement of Sale (Form ASR) will be released on Sept. 1, 2025. The main substantive change is simply to add a third choice for the buyer to use when signaling their intent on financing to a seller.
