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Real Estate Agent Contract
"I need a Real Estate Agent Contract for my luxury residential property in Lahore, with exclusive agency rights for 6 months starting January 2025, including international marketing provisions and a tiered commission structure based on the final sale price."
1. Parties: Identifies the real estate agent/agency and the client with their complete legal names, addresses, and registration details
2. Background: Briefly outlines the context of the agreement, including the client's intention to sell/lease property and the agent's qualifications
3. Definitions: Defines key terms used throughout the agreement including 'Property', 'Commission', 'Exclusive Agency', etc.
4. Appointment and Term: Specifies the appointment of the agent, whether exclusive or non-exclusive, and the duration of the agreement
5. Agent's Services and Obligations: Details the specific services to be provided by the agent, including marketing, showing property, negotiating, etc.
6. Client's Obligations: Outlines the client's responsibilities, including providing accurate information and access to the property
7. Commission Structure: Details the commission rate, calculation method, and payment terms
8. Marketing and Advertising: Specifies the marketing approach, advertising methods, and cost responsibilities
9. Compliance with Laws: Confirms compliance with relevant Pakistani laws and regulations
10. Termination: States conditions and process for terminating the agreement
11. Dispute Resolution: Outlines the process for resolving disputes, including jurisdiction and applicable law
12. General Provisions: Includes standard clauses like notices, amendments, and entire agreement
1. Multiple Properties: Include when the agent will represent multiple properties for the same client
2. International Marketing: Add when the property will be marketed to international buyers/tenants
3. Sub-Agents: Include when the agent may appoint sub-agents or collaborate with other agencies
4. Property Management Services: Add when the agent will provide ongoing property management services
5. Digital Marketing Rights: Include specific provisions for digital marketing and online listings
6. Force Majeure: Add detailed force majeure provisions for uncertain market conditions
7. Post-Termination Obligations: Include when there are specific post-termination responsibilities or restrictions
1. Schedule A - Property Details: Detailed description of the property, including location, size, features, and documentation
2. Schedule B - Commission Structure: Detailed breakdown of commission rates, payment schedules, and special circumstances
3. Schedule C - Marketing Plan: Comprehensive marketing strategy and budget allocation
4. Schedule D - Required Documentation: List of necessary documents for property transaction
5. Appendix 1 - Agent's License: Copy of agent's professional license and registrations
6. Appendix 2 - Property Photos: Official photographs and floor plans of the property
7. Appendix 3 - Service Level Agreement: Detailed performance metrics and service standards
Authors
Real Estate
Property Development
Construction
Property Management
Residential Real Estate
Commercial Real Estate
Property Investment
Legal Services
Professional Services
Legal
Real Estate Operations
Sales
Compliance
Business Development
Property Management
Contract Administration
Risk Management
Documentation
Real Estate Agent
Property Manager
Real Estate Broker
Sales Director
Business Development Manager
Legal Counsel
Compliance Officer
Property Consultant
Real Estate Operations Manager
Contract Administrator
Property Sales Executive
Real Estate Transaction Coordinator
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