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The Real Estate Agent Agreement is a crucial document used in the Irish property market to formalize the relationship between licensed real estate professionals and their clients. This agreement is essential for compliance with the Property Services (Regulation) Act 2011 and is required whenever a property owner engages a real estate agent for services such as property sales, lettings, or management. The document protects both parties' interests by clearly defining services, fees, obligations, and responsibilities while ensuring adherence to Irish regulatory requirements. It includes specific provisions for PSRA compliance, professional indemnity insurance, client money protection, and data protection under GDPR. The agreement is designed to be comprehensive yet flexible, allowing for various property service scenarios while maintaining regulatory compliance.

1. Parties: Identification of the real estate agent/agency and the client, including full legal names, addresses, and relevant registration numbers (including PSRA license number)

2. Background: Context of the agreement, including brief description of the property service required and the agent's qualification to provide it

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Scope of Services: Detailed description of services to be provided by the agent, including specific responsibilities and obligations

5. Duration of Agreement: Term of the agreement, including start date, end date, and any renewal provisions

6. Agent's Obligations: Comprehensive list of the agent's duties, responsibilities, and compliance requirements under Irish law

7. Client's Obligations: Client's responsibilities, including providing accurate information and necessary access to property

8. Commission Structure: Detailed breakdown of fees, commission rates, and payment terms

9. Marketing and Advertising: Agreed approach to property marketing, including types of advertising and associated costs

10. Data Protection: GDPR compliance measures and how client data will be handled

11. Termination: Conditions and process for ending the agreement by either party

12. Liability and Insurance: Professional indemnity coverage and limitation of liability provisions

13. Governing Law: Confirmation of Irish law governance and jurisdiction

14. Signatures: Execution provisions and space for signatures