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Real Estate Agent Commission Agreement
"I need a Real Estate Agent Commission Agreement for my luxury residential property in Qatar, with exclusive rights for 6 months starting January 2025, including international marketing rights and a tiered commission structure based on the final sale price."
1. Parties: Identification of the property owner/seller and the licensed real estate agent/broker, including license numbers and contact details
2. Background: Context of the agreement, including property details and the intention to engage the agent for sale/lease
3. Definitions: Key terms used in the agreement including 'Commission', 'Property', 'Transaction', 'Effective Date', and 'Exclusive Period' if applicable
4. Appointment and Scope: Terms of the agent's appointment and detailed description of services to be provided
5. Agent's Rights and Obligations: Detailed listing of the agent's duties, responsibilities, and rights under Qatari law
6. Property Owner's Obligations: Property owner's responsibilities, including providing accurate information and access to the property
7. Commission Structure: Detailed breakdown of commission rates, calculation method, and triggering events for payment
8. Payment Terms: Timing and method of commission payment, including any conditions precedent
9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
10. Compliance with Laws: Specific references to compliance with Qatari real estate laws and regulations
11. Dispute Resolution: Process for handling disputes under Qatari law, including jurisdiction and applicable courts
12. General Provisions: Standard clauses including notices, amendments, and governing law
1. Exclusivity: Used when the agreement is exclusive, defining the terms and duration of the exclusive appointment
2. Marketing Plan: Included when specific marketing activities are agreed upon, detailing the promotion strategy
3. Sub-agents: Required when the agent may engage other agents or brokers, defining terms of collaboration
4. International Marketing: Used for high-value properties requiring international promotion
5. Property Management: Included when the agent will provide additional property management services
6. Commission Sharing: Required when multiple agents may be involved in the transaction
7. Digital Marketing Rights: Specific provisions for online marketing and social media promotion
1. Schedule 1 - Property Details: Detailed description of the property, including title details, location, and specifications
2. Schedule 2 - Commission Rates: Detailed breakdown of commission rates for different transaction types or values
3. Schedule 3 - Marketing Materials: List of approved marketing materials and methods
4. Schedule 4 - Required Documentation: List of documents required from the property owner
5. Appendix A - Agent's License: Copy of the agent's valid real estate license in Qatar
6. Appendix B - Property Documents: Copies of property ownership documents and certificates
Authors
Real Estate
Residential Property
Commercial Property
Property Development
Property Management
Luxury Real Estate
Retail Property
Industrial Property
Hospitality
Legal
Real Estate
Sales
Business Development
Operations
Compliance
Marketing
Finance
Property Management
Valuations
Real Estate Agent
Property Broker
Real Estate Sales Manager
Property Sales Director
Real Estate Business Development Manager
Property Marketing Manager
Real Estate Legal Counsel
Property Portfolio Manager
Real Estate Operations Manager
Compliance Officer
Real Estate Transaction Coordinator
Property Valuation Specialist
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