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The Agency Agreement For The Sale Of Residential Property is a crucial document in Belgian real estate practice that formalizes the professional relationship between licensed real estate agents and property owners. This agreement is essential when property owners wish to engage professional assistance in selling their residential property in Belgium. It must comply with strict regulatory requirements, including the Law of 11 February 2013 on Organization of Real Estate Agent Profession and the Belgian Civil Code. The document covers critical aspects such as agent authorization, commission structures, marketing strategies, and legal obligations while incorporating regional variations for Flanders, Wallonia, or Brussels-Capital. It's particularly important as it provides legal protection for both parties and ensures compliance with IPI (Professional Institute of Real Estate Agents) regulations, consumer protection laws, and anti-money laundering requirements.

1. Parties: Identification of the Agent (licensed real estate professional) and the Principal (property owner), including registration numbers, professional credentials, and contact details

2. Background: Context of the agreement, including brief property description and the parties' intention to enter into an agency relationship

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology specific to Belgian real estate practice

4. Appointment and Scope of Authority: Details of the agent's appointment, whether exclusive or non-exclusive, and specific powers granted to the agent

5. Property Details: Comprehensive description of the property, including address, cadastral details, and relevant certificates required under Belgian law

6. Duration of Agreement: Term of the agency agreement, including start date and end date or termination conditions

7. Agent's Obligations: Detailed responsibilities of the agent, including marketing obligations, showing the property, and reporting requirements

8. Principal's Obligations: Property owner's responsibilities, including providing accurate information and maintaining the property

9. Commission Structure: Detailed breakdown of agent's fees, when they become payable, and payment terms

10. Marketing and Advertising: Agreed marketing strategy and authorized promotional activities

11. Data Protection and Privacy: GDPR compliance provisions and handling of personal data

12. Termination: Conditions and procedures for ending the agreement, including notice periods

13. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes