Document background
The Listing Agent Agreement is a crucial document in South African real estate transactions, used when a property owner wishes to engage a professional estate agent to market and sell their property. This agreement, regulated by the Property Practitioners Act 22 of 2019 and other relevant legislation, outlines the complete scope of the agent-client relationship, including commission structures, marketing strategies, and mutual obligations. It serves as the foundational document protecting both parties' interests and ensuring compliance with South African property law. The agreement typically includes essential elements such as property details, listing price, commission terms, marketing authorizations, and mandatory disclosures. It's particularly important as it establishes the legal framework for the agent's authority to act on behalf of the seller and sets clear expectations for the sales process.
