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Real Estate Sellers Agreement Template for England and Wales

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Key Requirements PROMPT example:

Real Estate Sellers Agreement

"I need a Real Estate Sellers Agreement for a high-value residential property in London, with provisions for international marketing and multiple agency arrangements, ensuring compliance with anti-money laundering regulations for overseas buyers."

Document background
The Real Estate Sellers Agreement serves as the foundational document governing the relationship between property sellers and their appointed estate agents in England and Wales. This document is essential when engaging professional services for property sale, whether for residential or commercial properties. It establishes clear parameters for marketing strategy, commission structures, and service expectations while ensuring compliance with relevant property legislation and consumer protection laws. The agreement protects both parties' interests by clearly defining roles, responsibilities, and financial arrangements throughout the sales process.
Suggested Sections

1. Parties: Identification of seller and estate agent with full legal details

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement

4. Appointment and Authority: Terms of agent appointment and scope of authority

5. Agent's Obligations: Core duties and responsibilities of the estate agent

6. Seller's Obligations: Core duties and responsibilities of the seller

7. Commission and Fees: Payment terms and commission structure

8. Duration and Termination: Agreement length and termination provisions

Optional Sections

1. Multiple Agency Provisions: Additional terms and conditions for cases where multiple agents may be appointed - used for non-exclusive agency arrangements

2. International Marketing: Specific provisions for marketing property internationally - used for high-value properties or those likely to attract international buyers

3. Online Marketing Provisions: Specific terms for digital marketing and online platforms - used when specific online marketing strategies are required

Suggested Schedules

1. Property Details Schedule: Detailed description of the property including fixtures and fittings

2. Commission Structure Schedule: Detailed breakdown of fees and commission calculations

3. Marketing Plan: Detailed marketing strategy and commitments

4. Property Information Form: Standard property information disclosure form

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Primary legislation governing fundamental land law principles, requirements for property transfers, and legal estates in land in England and Wales

Land Registration Act 2002: Legislation covering requirements for property registration, priority of interests, and protection of title in the land registration system

Consumer Protection from Unfair Trading Regulations 2008: Regulations governing disclosure obligations, misleading omissions, and unfair commercial practices in property transactions

Estate Agents Act 1979: Law regulating duties of estate agents, fee structures, and disclosure requirements in property transactions

Consumer Rights Act 2015: Legislation ensuring fairness of contract terms, transparency requirements, and consumer protection in property transactions

Money Laundering Regulations 2017: Regulations covering client due diligence requirements and record keeping obligations in property transactions

Consumer Contracts Regulations 2013: Legislation governing cooling-off periods, information requirements, and cancellation rights in consumer contracts including property transactions

Housing Act 2004: Law covering property condition requirements and health and safety considerations in residential properties

Energy Performance of Buildings Regulations 2012: Regulations requiring Energy Performance Certificates (EPCs) and energy efficiency disclosures for properties in England and Wales

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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