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Co Listing Agent Agreement Template for Nigeria

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Key Requirements PROMPT example:

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."

Document background
The Co-Listing Agent Agreement is essential in Nigerian real estate practice when two agents or agencies decide to collaborate in marketing and selling a property. This document is particularly relevant in situations involving high-value properties, properties requiring extensive marketing reach, or when combining the expertise and resources of multiple agents can benefit the property owner. The agreement, governed by Nigerian law and regulated under the Estate Surveyors and Valuers Registration Act, typically includes detailed provisions for commission splitting, marketing responsibilities, client communication protocols, and dispute resolution mechanisms. It's designed to prevent potential conflicts while maximizing the property's market exposure through combined agent networks. The document must comply with both federal and state-specific real estate regulations, including any applicable local property laws and professional practice standards set by ESVARBON (Estate Surveyors and Valuers Registration Board of Nigeria).
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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








































Clauses






































Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality

Mixed-Use Development

Luxury Real Estate

Agricultural Real Estate

Relevant Teams

Real Estate

Sales

Legal

Compliance

Property Management

Marketing

Business Development

Operations

Client Relations

Documentation

Property Valuation

Relevant Roles

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

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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