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Exclusive Seller Representation Agreement
"I need an Exclusive Seller Representation Agreement for a luxury residential property in Mumbai, with a six-month exclusivity period starting March 1, 2025, including international marketing provisions and a 3% commission structure."
1. Parties: Identification of the property seller and the real estate agent/agency, including RERA registration details
2. Background: Context of the agreement, including brief description of the property and seller's intention to sell
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Exclusive Period', 'Commission', etc.
4. Appointment and Scope: Formal appointment of agent and scope of exclusive representation
5. Duration: Term of the exclusive agreement, including start and end dates
6. Agent's Services and Obligations: Detailed listing of services to be provided by the agent, including marketing, showing property, negotiations
7. Seller's Obligations: Seller's responsibilities, including providing accurate information, maintaining property, and cooperation
8. Commission Structure: Details of agent's commission, payment terms, and conditions for commission earning
9. Exclusivity Provisions: Terms ensuring agent's exclusive right to represent the property
10. Marketing Authorization: Permission for marketing activities and use of property information
11. Termination: Conditions and process for ending the agreement
12. Governing Law: Specification of Indian law application and jurisdiction
13. Dispute Resolution: Process for handling disputes between parties
14. Notices: Method and addresses for official communications
15. Entire Agreement: Standard clause confirming this document as the complete agreement
1. Protection Period: Post-termination period during which agent remains entitled to commission; used when there's concern about circumvention
2. Digital Marketing Provisions: Specific terms for online marketing when extensive digital promotion is planned
3. International Marketing: Additional provisions for marketing to international buyers when relevant
4. Multiple Property Listing: Additional terms when agreement covers multiple properties
5. Sub-Agency Authorization: Terms allowing agent to appoint sub-agents when needed
6. Force Majeure: Provisions for unforeseen circumstances affecting performance
7. Confidentiality: Special confidentiality provisions when dealing with high-value or sensitive properties
1. Property Details: Detailed description of property, including address, specifications, and legal details
2. Commission Schedule: Detailed breakdown of commission structure, including any sliding scales or special conditions
3. Marketing Plan: Comprehensive marketing strategy and activities to be undertaken
4. Property Documentation: List of all property-related documents provided by seller
5. Agent's RERA Credentials: Copy of agent's RERA registration and other relevant certifications
6. Pricing Schedule: Agreed listing price and any pricing strategy details
7. Approved Marketing Materials: Templates or examples of approved marketing materials and property descriptions
Authors
Real Estate
Residential Property
Commercial Property
Industrial Property
Retail Property
Hospitality Property
Mixed-use Development
Land Development
Property Management
Real Estate Sales
Legal
Compliance
Property Management
Marketing
Business Development
Asset Management
Operations
Contract Administration
Documentation
Real Estate Agent
Property Owner
Real Estate Broker
Sales Director
Property Manager
Real Estate Agency Principal
Business Development Manager
Property Marketing Manager
Real Estate Consultant
Legal Counsel
Compliance Officer
Property Portfolio Manager
Asset Manager
Managing Director
Chief Executive Officer
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