The Exclusive Real Estate Agent Contract is a crucial document used in Pakistani real estate transactions when a property owner wishes to grant exclusive rights to a single agent or agency for the marketing and sale/lease of their property. This document is particularly important in high-value property transactions or when comprehensive marketing services are required. It provides legal protection for both parties by clearly defining the exclusive nature of the appointment, commission structures, and respective obligations. The contract must comply with Pakistani legal requirements, including the Contract Act 1872, Transfer of Property Act 1882, and relevant provincial real estate regulations. It typically includes detailed marketing commitments, property information, commission terms, and protection periods, making it essential for professional real estate transactions in Pakistan's property market.
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1. Parties: Identification of the property owner/seller and the exclusive real estate agent, including their complete contact details and any relevant license numbers
2. Background: Context of the agreement, including the property owner's intention to sell/lease the property and desire to appoint an exclusive agent
3. Definitions: Key terms used in the agreement including 'Property', 'Exclusive Period', 'Commission', 'Closing', and other relevant terms
4. Appointment and Scope: Explicit statement of exclusive appointment and detailed scope of agent's services
5. Term and Exclusivity: Duration of the exclusive agreement and specific terms of exclusivity
6. Agent's Rights and Obligations: Detailed listing of agent's responsibilities, marketing commitments, and rights in representing the property
7. Property Owner's Obligations: Owner's commitments, including providing accurate information and maintaining exclusivity
8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission becoming due
9. Marketing and Promotion: Specific requirements for property marketing, advertising, and promotion activities
10. Property Information: Details of the property, including location, specifications, and selling/leasing price range
11. Termination: Conditions and process for terminating the agreement, including notice requirements
12. Governing Law: Specification of Pakistani law as governing law and relevant jurisdiction
13. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions
1. Protection Period: Used when the owner wants to include a period after termination during which commission may still be payable for certain transactions
2. Sub-Agents: Include when the agent may need to appoint sub-agents or cooperating brokers
3. International Marketing: Required when the property will be marketed to international buyers/tenants
4. Digital Marketing Rights: Specific provisions for digital and social media marketing when extensive online promotion is planned
5. Property Management: Include when the agent will also provide property management services during the marketing period
6. Dispute Resolution: Optional alternative dispute resolution mechanisms such as mediation or arbitration
7. Force Majeure: Include specific provisions for unforeseen circumstances affecting performance
1. Schedule A - Property Details: Detailed description of the property, including legal description, fixtures, and fittings
2. Schedule B - Commission Structure: Detailed breakdown of commission rates for different transaction types or values
3. Schedule C - Marketing Plan: Specific marketing activities and timeline proposed by the agent
4. Schedule D - Property Documentation: List of property documents provided by the owner to the agent
5. Appendix 1 - Agent's License: Copy of agent's real estate license and relevant certifications
6. Appendix 2 - Property Photos: Official photographs and floor plans of the property
7. Appendix 3 - Property Title Documents: Copies of relevant property ownership documents
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Commercial Property
Residential Property
Property Management
Construction
Legal Services
Property Investment
Relevant Teams
Legal
Real Estate
Sales
Business Development
Compliance
Property Management
Marketing
Contract Administration
Property Development
Relevant Roles
Real Estate Agent
Property Manager
Real Estate Broker
Sales Director
Business Development Manager
Property Consultant
Legal Counsel
Compliance Officer
Real Estate Marketing Manager
Contract Administrator
Property Developer
Real Estate Investment Manager
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