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The Property Broker Agreement serves as the foundational document establishing the professional relationship between property owners and licensed real estate brokers in New Zealand. This agreement is essential when a property owner wishes to engage a professional broker to market, sell, or lease their property. The document, compliant with New Zealand's Real Estate Agents Act 2008 and related legislation, outlines crucial elements including the broker's authority, scope of services, commission structures, marketing obligations, and compliance requirements. It's particularly important for protecting both parties' interests and ensuring clear understanding of responsibilities, compensation, and terms of engagement. The agreement can be customized for various property types, from residential to commercial, and can include additional provisions for property management services if required.

1. Parties: Identification of the property owner and the licensed real estate broker, including full legal names, addresses, and broker license details

2. Background: Context of the agreement, including brief description of the property and the owner's intention to engage the broker

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Listing Period', and other relevant terminology

4. Appointment and Authority: Formal appointment of the broker and scope of authority granted by the property owner

5. Broker's Services: Detailed description of services to be provided by the broker, including marketing, showing property, and negotiating with potential buyers/tenants

6. Term of Agreement: Duration of the broker agreement, including start date and end date

7. Commission Structure: Details of broker's compensation, including commission rates, payment terms, and conditions for commission earning

8. Marketing and Advertising: Obligations and rights regarding property marketing, including types of advertising and cost responsibilities

9. Property Owner's Obligations: Owner's responsibilities, including providing accurate information and maintaining the property

10. Broker's Obligations: Professional duties, compliance requirements, and service standards the broker must maintain

11. Termination: Conditions and process for ending the agreement, including notice requirements and consequences

12. Dispute Resolution: Process for resolving disagreements between parties

13. General Provisions: Standard contract clauses including governing law, entire agreement, and amendments