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Exclusive Seller Brokerage Agreement Template for Germany

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Key Requirements PROMPT example:

Exclusive Seller Brokerage Agreement

"I need an Exclusive Seller Brokerage Agreement under German law for a luxury residential property in Munich, with specific provisions for international marketing and a minimum listing price of €5 million, including enhanced confidentiality clauses due to the high-profile nature of the seller."

Document background
The Exclusive Seller Brokerage Agreement is essential in German real estate transactions where property owners wish to engage a single broker for selling their property. This document type is used when establishing an exclusive professional relationship between a property owner and a real estate broker, providing the broker with sole rights to market and sell the property for a specified period. The agreement must comply with German legal requirements, including the German Civil Code (BGB), real estate agent regulations (MaBV), and consumer protection laws. It typically includes detailed provisions on service scope, commission structures, marketing responsibilities, and mandatory consumer rights. The document is particularly important in Germany due to specific regulations regarding broker commissions and recent legislative changes affecting commission splitting between parties. This type of agreement provides security for brokers investing significant resources in marketing properties while giving sellers a dedicated professional service commitment.
Suggested Sections

1. Parties: Identification of the property seller and the real estate broker, including full legal names, addresses, and registration details for the broker

2. Background: Context of the agreement, including brief description of the property and the seller's intention to engage the broker exclusively

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Exclusive Period', 'Commission', and 'Successful Transaction'

4. Scope of Services: Detailed description of the broker's services, including marketing, showing property, negotiating with potential buyers

5. Exclusivity: Terms of exclusive appointment, preventing the seller from engaging other brokers during the agreement period

6. Duration: Term of the agreement, including start date and initial duration

7. Broker's Obligations: Specific duties and responsibilities of the broker, including marketing efforts, reporting requirements, and professional standards

8. Seller's Obligations: Seller's duties including providing accurate information, allowing property access, and cooperation requirements

9. Commission: Structure and timing of broker's commission, including triggering events and payment terms

10. Termination: Conditions and process for ending the agreement, including notice requirements

11. Right of Withdrawal: Mandatory consumer right of withdrawal notice (Widerrufsbelehrung) as required by German law

12. Data Protection: GDPR compliance provisions and data handling procedures

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

Optional Sections

1. Post-Termination Provisions: Protection of broker's commission rights for specific prospects after agreement termination, used in higher-value properties

2. Marketing Budget: Specific provisions about marketing expenditure and cost allocation, relevant for luxury properties

3. Property Management: Additional services for property management during the sale period, useful for vacant properties

4. International Marketing: Specific provisions for marketing to international buyers, relevant for luxury or unique properties

5. Digital Marketing Rights: Specific provisions about online marketing and virtual tours, important for modern marketing approaches

6. Confidentiality: Additional confidentiality provisions, particularly relevant for high-profile sellers or unique properties

Suggested Schedules

1. Property Details Schedule: Detailed description of the property, including address, land registry details, and specific features

2. Commission Schedule: Detailed breakdown of commission structure, including calculation examples as required by German price indication regulations

3. Marketing Plan: Detailed marketing strategy and activities to be undertaken by the broker

4. Withdrawal Form: Standard form for exercising right of withdrawal (Widerrufsformular)

5. Property Documentation Checklist: List of required documents and information to be provided by the seller

6. Broker's License and Insurance: Copies of broker's professional licenses and insurance certificates as required by German law

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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

Financial Services

Construction

Property Investment

Hospitality

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Property Management

Contract Administration

Risk Management

Marketing

Operations

Relevant Roles

Real Estate Agent

Property Broker

Real Estate Manager

Property Sales Manager

Legal Counsel

Contracts Manager

Property Developer

Sales Director

Business Development Manager

Compliance Officer

Real Estate Portfolio Manager

Property Owner

Managing Director

Real Estate Consultant

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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