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Exclusive Realtor Agreement for United Arab Emirates

Exclusive Realtor Agreement Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes an exclusive relationship between a property owner and a licensed real estate broker. This document grants the broker sole rights to market and facilitate the sale or lease of the specified property for a defined period. The agreement complies with UAE federal real estate laws and specific emirate-level regulations, particularly RERA guidelines in Dubai. It details the scope of services, commission structure, marketing rights, obligations of both parties, and protection periods, while ensuring alignment with local real estate practices and regulatory requirements.

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What is a Exclusive Realtor Agreement?

The Exclusive Realtor Agreement is a crucial document in UAE real estate transactions, used when property owners wish to establish a sole agency relationship with a licensed real estate broker. This agreement, governed by UAE federal laws and emirate-specific regulations, provides brokers with exclusive rights to market and sell/lease properties while protecting owners' interests. It's particularly important in markets like Dubai and Abu Dhabi, where real estate transactions are heavily regulated. The document incorporates requirements from various UAE real estate laws, including Federal Law No. 27 of 2007 and RERA regulations, ensuring compliance with licensing requirements, commission structures, and professional standards. The agreement is designed to provide clarity on exclusivity periods, commission terms, and the specific obligations of all parties involved.

What sections should be included in a Exclusive Realtor Agreement?

1. Parties: Identifies the property owner/seller and the real estate broker, including their full legal names, license numbers (for brokers), and contact details

2. Background: Explains the context of the agreement, including the owner's intention to sell/lease the property and the broker's qualifications

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Exclusive Period', 'Commission', and 'Qualified Buyer'

4. Appointment and Scope: Details the exclusive appointment of the broker and specifies the services to be provided

5. Property Details: Comprehensive description of the property, including location, size, type, and any relevant specifications

6. Duration and Exclusivity: Specifies the term of the exclusive agreement and its renewal terms

7. Broker's Obligations: Lists all duties and responsibilities of the broker during the agreement period

8. Owner's Obligations: Outlines the property owner's responsibilities and commitments

9. Commission Structure: Details the commission rate, payment terms, and conditions for commission eligibility

10. Marketing Authorization: Grants the broker authority to market the property and specifies approved marketing methods

11. Termination: Specifies conditions and procedures for terminating the agreement

12. Governing Law and Jurisdiction: Establishes UAE law as governing law and specifies jurisdiction for dispute resolution

What sections are optional to include in a Exclusive Realtor Agreement?

1. Protection Period: Defines a period after agreement termination during which the broker remains entitled to commission for specific prospects - include when standard in the relevant emirate

2. International Marketing: Additional provisions for international marketing efforts - include for high-value properties targeting international buyers

3. Multiple Properties: Additional terms for cases where multiple properties are covered under the agreement

4. Sub-Agents: Terms governing the appointment and management of sub-agents - include when sub-agents may be needed

5. Virtual Tours and Digital Marketing: Specific provisions for digital marketing and virtual showings - particularly relevant for luxury properties or international marketing

6. Force Majeure: Provisions for unforeseen circumstances preventing performance - include based on market conditions and risk assessment

What schedules should be included in a Exclusive Realtor Agreement?

1. Schedule 1 - Property Details: Detailed property specifications, including floor plans, title details, and current condition

2. Schedule 2 - Marketing Plan: Comprehensive marketing strategy and timeline

3. Schedule 3 - Commission Structure: Detailed breakdown of commission rates and payment terms

4. Schedule 4 - Broker's License and Credentials: Copies of broker's license, RERA registration, and other relevant credentials

5. Appendix A - Approved Marketing Materials: Templates or examples of approved marketing materials and platforms

6. Appendix B - Property Documentation: List of property documents provided by the owner

Authors

Alex Denne

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

Publisher

Ƶ

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions






























Clauses






























Relevant Industries

Residential Real Estate

Commercial Real Estate

Luxury Real Estate

Industrial Real Estate

Retail Real Estate

Hospitality Real Estate

Mixed-use Development

Property Development

Real Estate Investment

Property Management

Relevant Teams

Legal

Real Estate

Compliance

Business Development

Sales

Marketing

Operations

Property Management

Contracts Administration

Risk Management

Relevant Roles

Real Estate Broker

Property Owner

Real Estate Agency Manager

Property Developer

Legal Counsel

Compliance Officer

Real Estate Sales Director

Business Development Manager

Property Portfolio Manager

Real Estate Operations Manager

Contract Administrator

Real Estate Marketing Manager

Transaction Coordinator

Property Consultant

Real Estate Investment Advisor

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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