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Land Sale Commission Agreement Template for Canada

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Key Requirements PROMPT example:

Land Sale Commission Agreement

"I need a Land Sale Commission Agreement for my Vancouver property with a tiered commission structure: 2% for the first $1M and 1% thereafter, with an additional international marketing clause and a 6-month protection period starting March 2025."

Document background
The Land Sale Commission Agreement serves as a crucial document in Canadian real estate transactions, establishing the professional relationship between property owners and real estate agents/brokers. This agreement is typically used when a property owner wishes to engage a real estate professional to market and sell their property for a commission-based fee. The document outlines specific commission rates, payment conditions, service scope, and protection periods, while ensuring compliance with provincial real estate regulations and professional standards. It provides legal protection for both parties and clarity on their respective rights, obligations, and expectations throughout the sales process. The agreement is particularly important in Canadian jurisdictions where real estate transactions must adhere to strict provincial guidelines and professional conduct requirements.
Suggested Sections

1. Parties: Identifies and provides full details of the property seller and the real estate agent/broker

2. Background: Outlines the context of the agreement, including the seller's intention to sell the property and the agent's qualifications

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Authority: Establishes the agent's appointment and scope of authority to sell the property

5. Property Details: Specifies the property address and legal description

6. Listing Price: States the agreed listing price or price range for the property

7. Commission Structure: Details the commission rate and calculation method

8. Payment Terms: Specifies when and how the commission will be paid

9. Agent's Obligations: Lists the services and duties the agent will perform

10. Seller's Obligations: Outlines the seller's responsibilities and commitments

11. Term and Termination: Specifies the duration of the agreement and conditions for termination

12. Protection Period: Defines the period after termination during which commission may still be payable

13. Representations and Warranties: Contains statements of fact and promises by both parties

14. Confidentiality: Addresses the handling of confidential information

15. Dispute Resolution: Outlines the process for resolving disputes

16. Governing Law: Specifies the applicable law and jurisdiction

17. General Provisions: Contains standard legal provisions like notices, amendments, and severability

Optional Sections

1. Multiple Listing Service: Include when the property will be listed on MLS, specifying terms and conditions

2. Co-operating Brokers: Include when other brokers may be involved in the sale

3. Marketing Budget: Include when specific marketing commitments and budgets are agreed upon

4. Performance Targets: Include when specific performance metrics or timelines are required

5. Property Management: Include when the agent will provide property management services during the listing

6. International Marketing: Include when the property will be marketed internationally

7. Digital Marketing Rights: Include when specific digital marketing terms need to be addressed

8. Post-Sale Services: Include when the agent will provide additional services after sale completion

Suggested Schedules

1. Schedule A - Property Description: Detailed description of the property including lot size, features, and improvements

2. Schedule B - Commission Schedule: Detailed breakdown of commission rates and calculation examples

3. Schedule C - Marketing Plan: Comprehensive marketing strategy and timeline

4. Schedule D - Service Level Agreement: Detailed description of services to be provided by the agent

5. Schedule E - Property Photographs: Official photographs and floor plans of the property

6. Appendix 1 - Agent Credentials: Agent's licenses, certifications, and relevant experience

7. Appendix 2 - Required Disclosures: Mandatory disclosures required by provincial real estate laws

8. Appendix 3 - Marketing Materials: Samples or templates of proposed marketing materials

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions










































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Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Financial Services

Property Management

Investment Management

Professional Services

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Operations

Property Management

Contract Administration

Risk Management

Document Control

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Developer

Real Estate Lawyer

Legal Counsel

Property Manager

Sales Director

Business Development Manager

Contract Manager

Compliance Officer

Real Estate Investment Manager

Transaction Coordinator

Real Estate Administrator

Property Sales Consultant

Legal Administrator

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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