Real Estate Agent Agreement Contract

Real Estate Agent Agreement Contract Template for Denmark

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Document background

The Real Estate Agent Agreement Contract is a fundamental document in Danish property transactions, used when a property owner wishes to engage a professional real estate agent to sell their property. This agreement is essential under Danish law and must comply with the Ejendomsmæglerloven (Real Estate Agent Act) and related regulations. The contract details the agent's authority to market and sell the property, specifies commission structures, outlines marketing strategies, and defines both parties' obligations. It includes crucial elements such as property details, marketing approach, commission terms, and professional service standards. The document serves as a protective measure for both parties, ensuring transparency and legal compliance in the Danish real estate market, where transactions are heavily regulated and require specific professional standards and consumer protections.

Suggested Sections

1. Parties: Identification of the property owner(s) and the licensed real estate agent/agency, including license numbers and contact details

2. Background: Brief context about the property sale and the owner's intention to engage the real estate agent

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Commission', etc.

4. Scope of Services: Detailed description of the services to be provided by the real estate agent

5. Property Details: Specific information about the property being sold, including address and registration details

6. Agent's Obligations: Comprehensive list of the agent's duties, responsibilities, and professional standards

7. Client's Obligations: Property owner's responsibilities and obligations during the sale process

8. Commission and Fees: Detailed structure of the agent's compensation, including commission rate and payment terms

9. Marketing and Advertising: Agreement on marketing strategy, advertising methods, and associated costs

10. Duration and Termination: Term of the agreement, notice periods, and conditions for termination

11. Confidentiality: Obligations regarding confidential information and data protection

12. Liability and Insurance: Agent's professional liability and insurance requirements

13. Governing Law: Confirmation of Danish law application and jurisdiction

14. Signatures: Execution block for all parties to sign and date the agreement

Optional Sections

1. Exclusive Agency Rights: Used when granting exclusive rights to the agent for selling the property

2. Multiple Properties: Include when the agreement covers more than one property

3. Special Marketing Requirements: For properties requiring unique or extensive marketing approaches

4. International Marketing: When the property will be marketed to international buyers

5. Sub-Agents: When the agent may need to engage other agents or partnerships

6. Property Management: If the agent will provide additional property management services

7. Auction Provisions: When the property may be sold through auction

8. Force Majeure: Specific provisions for unforeseen circumstances affecting the agreement

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property, including land register details, fixtures, and fittings

2. Schedule 2 - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms

3. Schedule 3 - Marketing Plan: Specific marketing strategy and timeline

4. Schedule 4 - Property Documentation: List of all required property documents and certificates

5. Appendix A - Agent's License: Copy of the real estate agent's license and professional certifications

6. Appendix B - Property Photos: Official photographs and floor plans of the property

7. Appendix C - Energy Certificate: Property's energy performance certificate

8. Appendix D - Property Condition Report: Technical assessment of the property's condition

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