Broker Seller Agreement

Broker Seller Agreement Template for Nigeria

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Broker Seller Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Broker Seller Agreement for my real estate company in Lagos, Nigeria, with exclusive rights for the broker to sell high-end residential properties and a minimum commission rate of 5%, including specific provisions for digital marketing and virtual property viewings."

Document background

The Broker Seller Agreement is essential for businesses and individuals operating in Nigeria who engage brokers to facilitate sales transactions. This document is particularly crucial given Nigeria's complex commercial landscape and the need for clear definition of responsibilities in brokerage relationships. The agreement establishes the legal framework for the broker-seller relationship, ensuring compliance with Nigerian commercial laws, including the Companies and Allied Matters Act (CAMA) 2020 and relevant financial regulations. It provides comprehensive coverage of commission structures, scope of authority, obligations, and protections for both parties. The document is designed to prevent disputes by clearly defining roles, responsibilities, and compensation terms, while including necessary provisions for compliance with Nigerian anti-money laundering regulations and consumer protection laws.

Suggested Sections

1. Parties: Identification and details of the broker and seller, including registration numbers and addresses

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope: Terms of broker's appointment and detailed scope of services

5. Broker's Authority: Extent and limitations of broker's authority to act on seller's behalf

6. Broker's Obligations: Detailed responsibilities and duties of the broker

7. Seller's Obligations: Responsibilities and commitments of the seller

8. Commission Structure: Details of broker's compensation, including rates and payment terms

9. Term and Termination: Duration of agreement and conditions for termination

10. Confidentiality: Obligations regarding confidential information

11. Representations and Warranties: Statements of fact and promises by both parties

12. Liability and Indemnification: Allocation of risks and responsibilities between parties

13. Dispute Resolution: Procedures for handling disputes and applicable jurisdiction

14. General Provisions: Standard contractual clauses including notices, amendments, and governing law

Optional Sections

1. Exclusivity: Terms of exclusive rights granted to broker, used when broker has sole rights

2. Sub-Agents: Provisions regarding appointment of sub-agents, needed if sub-agents are permitted

3. Marketing Requirements: Specific marketing obligations and standards, for agreements requiring detailed marketing plans

4. Performance Targets: Specific performance metrics and consequences, used in performance-based agreements

5. Insurance Requirements: Detailed insurance obligations, necessary for high-value or high-risk transactions

6. International Sales: Additional provisions for international transactions, required for cross-border sales

7. Digital Marketing Rights: Specific provisions for online marketing and digital platforms

8. Compliance with Anti-Money Laundering: Detailed AML compliance requirements, necessary for high-value transactions

Suggested Schedules

1. Schedule 1: Commission Rates: Detailed breakdown of commission structures and calculation methods

2. Schedule 2: Property/Product Details: Specific details of items/properties to be sold under the agreement

3. Schedule 3: Marketing Plan: Detailed marketing strategy and timeline

4. Schedule 4: Broker's Representatives: List of authorized representatives and their contact details

5. Schedule 5: Required Documentation: List of documents required for transactions

6. Appendix A: Standard Operating Procedures: Detailed procedures for handling sales and inquiries

7. Appendix B: Reporting Templates: Standard forms for regular reporting and updates

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Financial Services

Commodities Trading

Import/Export

Manufacturing

Agricultural Products

Oil and Gas

Consumer Goods

Automotive

Industrial Equipment

Technology and Software

Art and Collectibles

Relevant Teams

Legal

Sales

Compliance

Finance

Business Development

Operations

Risk Management

Commercial

Contract Administration

Corporate Secretariat

Relevant Roles

Sales Director

Business Development Manager

Legal Counsel

Compliance Officer

Commercial Director

Chief Financial Officer

Sales Agent

Broker

Contract Manager

Business Owner

Property Manager

Operations Manager

Risk Manager

Managing Director

Company Secretary

Find the exact document you need

Real Estate Broker Contract With Seller

A Nigerian law-governed agreement between a property owner and real estate broker defining the terms for marketing and selling property, including commission structure and service scope.

��������Ƶ

How a Sales & Marketing Lead uses ��������Ƶ to reduce contract drafting time by 95%

Let's create your Broker Seller Agreement

Authors

Alex Denne

Find the exact document you need

Real Estate Broker Contract With Seller

Buyer Agency Form

International Broker Agreement

Business Broker Contract

Sub Broker Agreement

Real Estate Agent Referral Form

Exclusive Brokerage Contract

Buyer Representation Agreement Form

Buyer Listing Agreement

Buyer Broker Contract

Buyer Agency Agreement Form

Business Broker NDA

Split Commission Agreement

Seller Listing Agreement

Real Estate Agent Independent Contractor Agreement

Non Exclusive Buyer Representation Agreement

Broker Contract Agreement

Agreement Between Landlord And Real Estate Agent

Loan Broker Commission Agreement

Equipment Broker Agreement

Commission Agreement Between Brokers

Broker To Broker Commission Agreement

Broker To Broker Agreement

Broker Seller Agreement

Broker Referral Agreement

Broker Lease Agreement

Co Listing Agent Agreement

Real Estate Broker Contract

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Use Cases

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise