Keep in mind that these terms may vary based on location and the specific requirements of the agency. It is always important to consult a legal professional to ensure compliance with local regulations and to adapt the terms to your particular needs. Here is a basic outline:
1. The Parties to the Agreement:
• Identification of real estate agents (“Agents”) and clients (“Clients”).
2. Service Scope:
• Determine the services the Agency will provide to the Client, which may include property registration, marketing, negotiations and other related activities.
3. Term and Termination:
• State the duration of the agreement (start and end date or conditions for termination).
• Determine the conditions under which either party can terminate the agreement.
4. Authorities and Obligations of Agents:
• Outline the responsibilities and duties of a real estate agent acting on behalf of the Agency.
• Specify exclusivity or non-competition clauses, if applicable.
5. Client Obligations:
• Detailing the Client’s responsibilities and obligations, such as providing accurate property information, cooperating with the Agency’s marketing efforts, etc.
6. Commissions and Fees:
• Clearly state the commission structure and circumstances under which the Agency is entitled to receive
7. compensation.
• Determine additional costs or expenses that may be the responsibility of the Client.
8. Confidentiality and Data Protection:
• Addresses how the Agency will handle and protect Client’s personal and sensitive information.
9. Liability and Indemnity:
• Clarify the extent of the Agency’s responsibility and the Client’s responsibility to indemnify the Agency against certain claims or losses.
10. Dispute resolution:
• Describe the process for resolving disputes that may arise during the course of the agreement.
11. Government regulations:
• Determine the jurisdiction whose laws will govern the agreement.
12. Amendments:
• Indicate the procedure for making changes or amendments to the agreement.
• All agreements:
• Stating that the written agreement constitutes the entire agreement between the parties, replacing the previous oral or written agreement.
13. Signature:
• Include signature lines for both parties, along with the execution date.
Remember, terms and conditions must be carefully drafted to protect the interests of both parties and ensure a transparent and smooth working relationship. Legal advice is essential to adapt requirements according to specific requirements and local regulations.
