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Agency Agreement For Sale Of Residential Property Template for Ireland

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Key Requirements PROMPT example:

Agency Agreement For Sale Of Residential Property

"I need an Agency Agreement for Sale of Residential Property for my Dublin apartment, with sole agency rights for 6 months starting March 2025, including international marketing provisions and virtual viewing services."

Document background
The Agency Agreement For Sale Of Residential Property is a crucial document used when a property owner wishes to engage a professional estate agent to sell their residential property in Ireland. This agreement is required under Irish law and must comply with the Property Services (Regulation) Act 2011 and PSRA regulations. It establishes the formal relationship between the property owner and the estate agent, detailing the agent's authority to market and negotiate the sale of the property, commission structures, and service obligations. The document includes mandatory regulatory disclosures, data protection provisions, and specific terms about the property and marketing approach. It serves as the foundation for the professional relationship throughout the sales process and provides legal protection for both parties while ensuring compliance with Irish property services regulations.
Suggested Sections

1. Parties: Identification of the property owner (Principal) and the estate agent (Agent), including full legal names, addresses, and registration details

2. Background: Context of the agreement, including property owner's intention to sell and agent's qualification to provide services

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

4. Appointment and Authority: Formal appointment of agent and scope of authority granted by the principal

5. Property Details: Full description of the property being sold, including address, folio number, and relevant characteristics

6. Services to be Provided: Detailed description of services the agent will provide, including marketing, viewings, and negotiations

7. Commission and Fees: Structure and rates of commission, when payable, and any additional fees or charges

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

9. Agent's Obligations: Specific duties and responsibilities of the agent, including compliance with regulations

10. Principal's Obligations: Property owner's responsibilities, including providing accurate information and access to the property

11. Data Protection: GDPR compliance measures and how personal data will be handled

12. Governing Law: Confirmation that the agreement is governed by Irish law

Optional Sections

1. Sole Agency Provisions: Used when the agreement is for sole agency rights, defining exclusivity terms

2. Multi-Agency Provisions: Used when multiple agents may be appointed, defining how this arrangement works

3. Energy Performance Certificate: Section addressing BER certificate requirements, used when not yet obtained

4. Property Management: Used when agent will provide additional property management services during sale process

5. International Marketing: Used when property will be marketed internationally, defining additional services and costs

6. Virtual Viewing Services: Used when specific virtual or digital viewing services will be provided

7. Conflict of Interest: Used when potential conflicts need to be disclosed and managed

Suggested Schedules

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

2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms

3. Schedule 3 - Marketing Plan: Specific marketing activities and timeline proposed by the agent

4. Schedule 4 - Required Documentation: List of documents required from the property owner

5. Appendix A - PSRA Disclosure: Mandatory disclosures required by the Property Services Regulatory Authority

6. Appendix B - Data Protection Notice: Detailed GDPR compliance information and privacy notice

7. Appendix C - Terms and Conditions: Standard terms and conditions of the agency service

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




































Clauses



































Relevant Industries

Real Estate

Property Services

Residential Property

Professional Services

Property Management

Relevant Teams

Legal

Real Estate

Sales

Compliance

Business Development

Property Services

Contracts Administration

Risk Management

Relevant Roles

Estate Agent

Property Agent

Real Estate Agent

Property Sales Consultant

Sales Manager

Property Services Manager

Compliance Officer

Legal Counsel

Property Director

Real Estate Partner

Business Development Manager

Property Sales Director

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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