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Exclusive Contract With A Real Estate Agent
"I need an Exclusive Contract With A Real Estate Agent for my luxury London property, with specific provisions for international marketing and a minimum price guarantee of £5 million, starting from March 2025."
1. Parties: Identifies the estate agent and property owner with full legal names and addresses
2. Background: Sets out the context of the agreement and property details
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Scope: Details of exclusive appointment and services to be provided
5. Duration: Term of exclusivity and any notice periods
6. Agent's Obligations: Detailed responsibilities and duties of the estate agent
7. Client's Obligations: Property owner's responsibilities and commitments
8. Commission and Fees: Payment terms, commission rates, and when fees become payable
9. Termination: Circumstances and process for ending the agreement
1. Marketing Strategy: Specific marketing approaches and commitments - used for high-value properties or when specific marketing commitments are agreed
2. Sub-Agents: Terms for appointing sub-agents - used when sub-agents may be required
3. International Marketing: Specific provisions for international marketing - used for luxury properties or those targeting international buyers
4. Performance Targets: Specific metrics and targets - used when performance-based terms are included
1. Property Details Schedule: Detailed description of the property including boundaries, fixtures, and fittings
2. Fee Schedule: Detailed breakdown of fees, commission structures, and payment terms
3. Marketing Plan: Detailed marketing strategy and commitments
4. Property Photographs: Approved photographs for marketing purposes
5. Service Level Agreement: Detailed service standards and response times
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