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The Real Estate Broker Contract with Seller is a crucial document in South African property transactions, designed to formalize the relationship between property sellers and real estate professionals. This agreement is essential when a property owner wishes to engage a professional broker to market and sell their property, whether residential, commercial, or agricultural. The document must comply with South African legislation, particularly the Property Practitioners Act 22 of 2019, the Consumer Protection Act, and FICA requirements. It typically includes detailed provisions about commission structures, marketing strategies, mandate duration, and obligations of both parties. The agreement protects both the broker's right to commission and the seller's interests in the property transaction, while ensuring compliance with regulatory requirements and professional standards in the South African real estate industry.

1. Parties: Identification of the Real Estate Broker/Agency and the Property Seller, including full legal names, registration numbers (if applicable), and contact details

2. Background: Context of the agreement, including brief description of the property and the seller's intention to sell

3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Commission', 'Mandate Period', and other relevant terms

4. Appointment and Mandate: Terms of the broker's appointment, whether exclusive or non-exclusive, and the scope of authority granted

5. Duration of Mandate: Period of the agreement, including start date, end date, and any renewal provisions

6. Property Details: Comprehensive description of the property, including physical address, registration details, and relevant title deed information

7. Listing Price: Agreed listing price range and conditions for price adjustments

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions under which commission becomes payable

9. Broker's Obligations: Detailed listing of the broker's responsibilities, including marketing efforts, showing the property, and reporting requirements

10. Seller's Obligations: Seller's commitments, including property access, disclosure requirements, and cooperation with the broker

11. Marketing Authorization: Permissions for advertising, signage, and marketing activities

12. Compliance Requirements: Obligations under relevant laws including Property Practitioners Act and FICA requirements

13. Termination: Conditions and process for terminating the agreement, including notice requirements

14. Signatures: Formal execution section with date and signatures of all parties