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Co Listing Agent Agreement
"I need a Co-Listing Agent Agreement for a luxury residential property in Lagos, with a 60-40 commission split between the lead and supporting agent, including digital marketing rights and a 6-month listing period starting January 15, 2025."
1. Parties: Identification of the co-listing agents and the property owner
2. Background: Context of the agreement, including property details and purpose of the co-listing arrangement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Authority: Formal appointment of both agents and scope of their authority
5. Term of Agreement: Duration of the co-listing arrangement, including start and end dates
6. Property Details: Comprehensive description of the property being listed
7. Commission Structure: Details of commission rates and split between agents
8. Marketing and Advertising: Responsibilities and arrangements for property marketing
9. Duties and Responsibilities: Specific obligations of each agent
10. Confidentiality: Protection of confidential information and trade secrets
11. Professional Standards: Compliance with ESVARBON and other regulatory requirements
12. Termination: Conditions and process for ending the agreement
13. Dispute Resolution: Process for resolving disagreements between parties
14. Governing Law: Specification of Nigerian law as governing law
15. General Provisions: Standard contract clauses including notices, amendments, and severability
1. Exclusivity: Terms of exclusive listing rights, used when agents agree to work exclusively with each other
2. Digital Marketing Rights: Specific provisions for online marketing and social media, used when digital marketing is a significant component
3. International Marketing: Additional provisions for international property marketing, used when targeting foreign buyers
4. Sub-Agency: Terms for involving other agents, used when sub-agents may be needed
5. Property Management: Additional terms for property management services, if offered
6. Success Metrics: Specific performance targets and evaluation criteria, used when parties want to measure success
7. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in uncertain markets
1. Schedule A - Property Details: Detailed description of the property, including location, size, features, and condition
2. Schedule B - Commission Structure: Detailed breakdown of commission rates, splits, and payment terms
3. Schedule C - Marketing Plan: Specific marketing activities, timelines, and budget allocation
4. Schedule D - Required Documentation: List of necessary documents and certificates for the property
5. Appendix 1 - Agent Credentials: Copies of licenses, certifications, and professional memberships
6. Appendix 2 - Property Photos and Floor Plans: Visual documentation of the property
7. Appendix 3 - Standard Operating Procedures: Agreed procedures for showing property, handling inquiries, and reporting
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Retail Property
Industrial Property
Hospitality
Mixed-Use Development
Luxury Real Estate
Agricultural Real Estate
Real Estate
Sales
Legal
Compliance
Property Management
Marketing
Business Development
Operations
Client Relations
Documentation
Property Valuation
Real Estate Agent
Property Broker
Estate Surveyor
Property Valuer
Real Estate Manager
Business Development Manager
Sales Director
Property Consultant
Real Estate Partnership Manager
Agency Principal
Senior Property Agent
Real Estate Legal Counsel
Compliance Officer
Property Marketing Manager
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