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The Real Estate Agency Agreement (Real Estate) is a crucial document used in the Belgian property market to formalize the professional relationship between property owners and licensed real estate agents. This agreement is essential when a property owner wishes to engage a professional agent to market, sell, or lease their property. The document must comply with Belgian civil law, specific real estate regulations, and professional standards set by the Professional Institute of Real Estate Agents (IPI/BIV). It typically includes detailed provisions on commission structures, service scope, marketing strategies, and regulatory compliance requirements. The agreement is particularly important in Belgium where real estate agents must be licensed and follow strict professional regulations, making it a key document for protecting both the agent's and principal's interests in property transactions.

1. Parties: Identification of the Principal and the Agent, including registration details of the real estate agent with the Professional Institute of Real Estate Agents (IPI/BIV)

2. Background: Context of the agreement, including brief description of the property and the Principal's intention to sell/lease

3. Definitions: Key terms used throughout the agreement, including Property, Services, Commission, and Marketing Materials

4. Appointment and Scope of Authority: Terms of agent appointment, whether exclusive or non-exclusive, and detailed scope of agent's authority

5. Agent's Obligations: Detailed responsibilities including marketing, viewings, negotiation, compliance with regulations, and reporting requirements

6. Principal's Obligations: Responsibilities of the property owner, including providing accurate information and access to the property

7. Commission Structure: Detailed fee arrangement, payment terms, and circumstances when commission becomes payable

8. Duration and Termination: Term of the agreement, renewal provisions, and termination rights for both parties

9. Compliance with Laws: Obligations regarding anti-money laundering, data protection, and professional regulations

10. Liability and Insurance: Limitation of liability provisions and professional insurance requirements

11. General Provisions: Standard clauses including notices, entire agreement, governing law, and jurisdiction