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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."
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
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
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
Real Estate
Property Development
Financial Services
Construction
Property Investment
Hospitality
Retail
Commercial Property
Residential Property
Legal
Real Estate
Sales
Business Development
Compliance
Property Management
Contract Administration
Risk Management
Marketing
Operations
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
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