Final answer:
In an Exclusive Right to Sell Agreement, the contract term is typically described in C. Paragraph 4
Step-by-step explanation:
In a real estate context, an Exclusive Right to Sell Agreement is a contract between a property owner (seller) and a real estate agent or broker. This agreement grants the agent or broker the exclusive right to represent and market the property for sale. The contract term, or duration of this exclusivity, is typically outlined in the agreement.
Paragraph 4: This section of the agreement commonly addresses the contract term. It specifies the start date and end date of the exclusive right to sell. During this period, the seller agrees not to work with other agents to sell the property. The exclusivity ensures that the chosen real estate agent has the opportunity to market and sell the property, and in return, the agent is typically entitled to a commission if the property is sold within the agreed-upon timeframe.
By providing clarity on the contract term in Paragraph 4, both the seller and the real estate agent understand the duration of their exclusive arrangement and the expectations during that time. It helps prevent confusion and ensures a clear understanding of the rights and responsibilities of both parties throughout the selling process.