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Exclusive Seller Brokerage Engagement Agreement
"I need an Exclusive Seller Brokerage Engagement Agreement for a luxury villa complex in Dubai, with specific provisions for international marketing and a minimum listing price of AED 50 million, including enhanced commission structures for quick sales before March 2025."
1. Parties: Identification of the property seller and the licensed real estate broker, including all required registration and license numbers
2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into an exclusive brokerage relationship
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Exclusive Period', 'Commission', and 'Marketing Services'
4. Appointment and Scope: Express appointment of broker as exclusive agent and detailed scope of authorized services
5. Term and Exclusivity: Duration of the agreement and explicit terms of exclusive representation
6. Broker's Rights and Obligations: Detailed responsibilities of the broker including marketing, showing property, negotiating, and reporting requirements
7. Seller's Rights and Obligations: Seller's commitments, including providing accurate information, access to property, and maintaining exclusive relationship
8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission becoming due
9. Marketing Authorization: Specific permissions for marketing activities, including advertising, photography, and property listings
10. Representations and Warranties: Key statements of fact and promises by both parties
11. Termination: Conditions and process for ending the agreement, including any early termination fees
12. Governing Law and Jurisdiction: Specification of UAE law application and relevant emirate jurisdiction
13. General Provisions: Standard contract clauses including notices, amendments, and severability
1. International Marketing: Additional terms for marketing property internationally, used when targeting foreign investors
2. Multiple Properties: Additional terms when agreement covers multiple properties owned by the seller
3. Property Management: Terms for additional property management services if property is currently tenanted
4. Digital Marketing Services: Specific terms for enhanced digital marketing packages and virtual tours
5. Competing Listings: Special provisions regarding other properties in the same building or community
6. Success Bonus: Additional compensation terms for achieving specific price targets or timeframes
7. Post-Termination Obligations: Extended terms for deals in progress at termination, used in high-value properties
1. Property Details Schedule: Comprehensive description of the property, including title deed details and current condition
2. Commission Schedule: Detailed breakdown of commission structures, including any sliding scales or special circumstances
3. Marketing Plan: Detailed marketing strategy and timeline for the property
4. Broker's License and Credentials: Copies of all required licenses and RERA registrations
5. Property Documentation: List of all property-related documents provided by seller
6. Approved Marketing Materials: Templates or examples of approved marketing materials and listings
7. Service Level Agreement: Detailed breakdown of service standards and response times
Authors
Real Estate
Property Development
Residential Property
Commercial Property
Retail Property
Industrial Property
Hospitality
Mixed-Use Development
Luxury Real Estate
Investment Property
Legal
Real Estate
Sales
Compliance
Marketing
Business Development
Operations
Contract Administration
Property Management
Transaction Processing
Real Estate Broker
Property Sales Manager
Real Estate Agent
Business Development Manager
Sales Director
Property Consultant
Legal Counsel
Compliance Officer
Real Estate Operations Manager
Marketing Manager
Contract Administrator
Real Estate Transaction Manager
Property Portfolio Manager
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