Real Estate Broker Contract

Real Estate Broker Contract Template for Germany

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Key Requirements PROMPT example:

"I need a Real Estate Broker Contract for a residential property sale in Munich, with exclusive agency rights for 6 months starting January 2025 and a 3.57% commission structure, including provisions for online marketing and virtual viewings."

Document background

The Real Estate Broker Contract (Maklervertrag) is essential for formalizing the relationship between real estate professionals and their clients in Germany. This document is required when engaging a broker for property sales, purchases, or leasing services, ensuring compliance with German real estate regulations including the BGB and MaBV. It specifies the scope of services, commission structures, and obligations of all parties involved, while incorporating necessary consumer protection measures and professional standards required under German law. The contract is particularly important as it establishes clear terms for commission payments and service expectations, protecting both the broker's interests and client's rights in property transactions.

Suggested Sections

1. Parties: Identification of the broker and the client with full legal names, addresses, and registration details

2. Background: Context of the brokerage relationship and brief description of the property-related services required

3. Definitions: Key terms used throughout the agreement including 'Property', 'Commission', 'Successful Transaction', etc.

4. Scope of Services: Detailed description of the broker's services, including property marketing, viewings, and negotiation support

5. Broker's Obligations: Specific duties of the broker including information obligations, documentation requirements, and professional standards

6. Client's Obligations: Client's duties including providing accurate information, cooperation requirements, and notification obligations

7. Commission Structure: Details of the broker's commission, including amount, calculation method, and payment conditions as per German law

8. Payment Terms: Specific conditions for when and how the commission becomes due and payable

9. Duration and Termination: Term of the agreement and conditions for termination by either party

10. Data Protection: GDPR-compliant provisions regarding the handling of personal data

11. Confidentiality: Obligations regarding confidential information handling

12. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes

Optional Sections

1. Exclusive Agency Rights: Used when the broker is granted exclusive rights to market and sell the property

2. International Transactions: Additional provisions for cases involving international clients or cross-border transactions

3. Special Marketing Activities: Specific marketing campaigns or activities beyond standard services, with associated costs

4. Property Management Services: Additional provisions if the broker also provides property management services

5. Success Guarantee: Optional guarantees or special conditions offered by the broker

6. Sub-broker Authorization: Provisions for cases where sub-brokers may be engaged

7. Insurance and Liability: Additional provisions regarding professional liability insurance and limitation of liability

Suggested Schedules

1. Property Details: Detailed description of the property including address, specifications, and target price range

2. Commission Calculation Examples: Illustrative examples of commission calculations for different scenarios

3. Marketing Plan: Detailed marketing strategy and activities planned for the property

4. Required Documentation: List of necessary documents for property transaction and verification

5. Data Processing Agreement: Detailed GDPR-compliant data processing terms and conditions

6. Broker's License and Qualifications: Copies of broker's professional licenses and qualifications

7. Standard Information Forms: Mandatory consumer information forms as required by German law

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Development

Property Management

Residential Property

Commercial Property

Investment Property

Legal Services

Professional Services

Construction

Property Investment

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Contract Administration

Property Management

Investment

Client Relations

Risk Management

Relevant Roles

Real Estate Broker

Property Manager

Real Estate Agent

Sales Director

Business Development Manager

Legal Counsel

Compliance Officer

Real Estate Investment Manager

Property Developer

Contract Manager

Real Estate Portfolio Manager

Transaction Manager

Client Relations Manager

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