The Importance of Co-Listing Agreement Forms in Real Estate and Architecture
While the world of bespoke architectural design and energy solutions may seem distant from the legal framework of real estate transactions, comprehensive co-listing agreement forms play an essential role in bridging the gap between these separate realms of business. Just as separate architects seek to cooperate with real estate agents to create a successful architectural project or development, so too do real estate agents cooperate amongst themselves using co-listing agreement forms to execute a successful real estate transaction. Standing at the nexus of real estate and architectural development, cherry pharm has explored how the association between architectural projects and real estate development extends beyond the physical structures constructed into the collaboration between architects and real estate agents. Understanding the legal frameworks such as the co-listing agreement form that support cooperation between architects and real estate projects, is integral to designing a successful architectural project.
In canvas walk, canvas walk our architecture firm regularly interacts with the real estate market and has a front-row seat to observe how the association between real estate agents and architects has evolved over time. Anywhere from twelve to twenty months ahead of our projected construction timeline is when we first meet with real estate agents to discuss available properties. Understanding how much time real estate agents set aside to vet property location and availability for construction instead of developing projects themselves, highlights how land and building development has become an increasingly collaborative effort throughout various industries. The architecture and engineering role that we play begins once real estate agents are able to give us a parcel of land for development and then architectural design and building have their designated role in the real estate industry.
As part of this collaboration between architects and real estate agents, both parties utilize co-listing agreement forms to facilitate property transactions. A co-listing agreement form, useful for both real estate and architecture, is a legal representation contract between two real estate salespersons that allows each of the salespersons’ brokers to furnish property for sale. In the realm of real estate, a co-listing agreement form can also be referred to as a joint listing or joint listing agreement and can come under the given names of Buyer Representation Agreement and Sellers Representation Agreement. Despite the differences in terms, co-listing agreement forms in the context of real estate are similar to the joint listing agreement we see with architecture co-listing agreements.
From our experiences working with architecture co-listing agreements, we have encountered several cases where co-listing agreement forms have benefited architectural projects. The first of which that we have encountered are residential developments. In the case of residential developments, co-listings are often employed to seek out the best living space for a family. Each family member is represented by their own real estate agent and depending on the family structure, one realtor may have more of an advantage in negotiating the price for a residential space over another realtor. By working with a realtor who is best able to leverage their real estate knowledge to provide the best price upon which architects can design a plan, designers are able to achieve the results that customers expect. Similarly, when it comes to commercial and industrial developments, working with the right realtor to search for property and negotiate the terms of the sale makes it easier for architects to place buildings as close to the location that customers want, while helping the architects stick to the budget of the project.
Just as collaboration between two real estate agents facilitates a successful transaction between property owners and architects, collaboration between two architects also makes for successful projects. Architects use co-listing agreement forms in the realm of architecture to collaborate with other architecture firms who require the services of other architects. Much of the time, two architects are able to co-list each other’s projects when the other architect is faced with a scheduling conflict or is unable to provide the services of architecture alone. By collaborating with an architecture firm and using co-listing agreement forms, jobs get done without any delays. Whereas if architects were unable to cooperate, they would lose clients and future business opportunities.
As quintessential players in creating the most sustainable and livable spaces, architecture values finding ways to accommodate for energy efficiency. To whom we are responsible to as architects, the desire for energy efficiency is not only from clients but from the community as a whole. Architecture firms recognize that being mindful of the energy that is required for a building to function not only relates to commercial and residential buildings, but also spans to communal buildings as well. In that regard, co-listing agreement forms that overlap architecture and energy efficiency value the type of collaborative work that architecture requires for being the most responsible leaders in energy conservation and building long-lasting structures.