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Exclusive Seller Brokerage Engagement Agreement
"I need an Exclusive Seller Brokerage Engagement Agreement for my 3-bedroom residential property in Mumbai, with a six-month exclusive period starting January 2025, and I want to include specific provisions for digital marketing and social media promotion."
1. Parties: Identifies and provides full details of the property seller and the brokerage firm, including RERA registration numbers
2. Background: Explains the context of the agreement, including the seller's intention to sell the property and the broker's qualifications
3. Definitions: Defines key terms used throughout the agreement including Property, Exclusive Period, Listing Price, etc.
4. Appointment and Scope: Details the exclusive appointment of the broker and the specific services to be provided
5. Term and Termination: Specifies the duration of the exclusive arrangement and conditions for termination
6. Broker's Rights and Obligations: Lists all duties and responsibilities of the broker including marketing, showing property, negotiating, etc.
7. Seller's Rights and Obligations: Outlines the seller's responsibilities including providing accurate information and maintaining the property
8. Commission Structure: Details the broker's commission rate, payment terms, and conditions for commission becoming due
9. Property Information: Contains detailed description of the property being listed for sale
10. Representations and Warranties: Standard representations by both parties regarding authority, property ownership, and RERA compliance
11. Confidentiality: Provisions regarding handling of confidential information by both parties
12. Dispute Resolution: Procedures for handling disputes, including jurisdiction and governing law
13. General Provisions: Standard clauses including notices, amendments, entire agreement, etc.
1. Protection Period: Defines a period after agreement termination during which the broker remains entitled to commission for specific buyers - include when requested by broker
2. Digital Marketing Authorization: Specific permissions for online marketing and social media promotion - include for tech-savvy brokers with strong digital presence
3. Multiple Listing Service: Terms for listing on multiple listing services - include if MLS is available in the region
4. International Marketing: Special provisions for marketing to international buyers - include for high-value properties or those likely to attract foreign buyers
5. Property Management: Additional terms if broker will provide property management services during listing period - include for vacant properties
6. Dual Agency: Provisions allowing broker to represent both seller and buyer - include if permitted by local regulations and agreed by parties
1. Schedule A - Property Details: Detailed description of property including exact address, boundaries, registration details, and encumbrances
2. Schedule B - Commission Structure: Detailed breakdown of commission rates, including any sliding scales or special circumstances
3. Schedule C - Marketing Plan: Specific marketing activities and timeline proposed by the broker
4. Schedule D - Property Documentation: List of all property-related documents provided by seller to broker
5. Appendix 1 - RERA Compliance Checklist: Checklist ensuring compliance with RERA requirements
6. Appendix 2 - Property Photographs: Current photographs and floor plans of the property
7. Appendix 3 - Broker's License and Registrations: Copies of broker's RERA registration and other relevant licenses
Authors
Real Estate
Residential Property
Commercial Property
Industrial Property
Agricultural Property
Retail Property
Hospitality
Healthcare Facilities
Educational Institutions
Warehousing and Logistics
Legal
Real Estate
Sales
Business Development
Compliance
Property Management
Asset Management
Operations
Contract Administration
Real Estate Broker
Property Manager
Real Estate Agent
Legal Counsel
Property Owner
Business Development Manager
Real Estate Director
Compliance Officer
Sales Manager
Property Consultant
Real Estate Transaction Manager
Asset Manager
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