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Standard Estate Agent Contract
"I need a Standard Estate Agent Contract for an exclusive 6-month mandate starting March 1, 2025, for selling my residential property in Cape Town, with a 5% commission rate and special provisions for international marketing."
1. Parties: Identification of the Estate Agent/Agency and the Client (seller/landlord), including full legal names, registration numbers if applicable, and contact details
2. Background: Context of the agreement, including brief property description and the parties' intention to enter into an estate agency relationship
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Mandate Period', and other relevant terminology
4. Appointment and Mandate: Formal appointment of the estate agent and scope of authority (exclusive/non-exclusive mandate)
5. Property Details: Comprehensive description of the property, including physical address, registration details, and relevant specifications
6. Agent's Obligations: Detailed listing of the estate agent's duties, marketing commitments, and service standards
7. Client's Obligations: Client's responsibilities, including provision of accurate information and cooperation requirements
8. Commission Structure: Details of commission rates, calculation methods, and payment terms
9. Duration of Mandate: Period of the agreement, including start date, end date, and any renewal provisions
10. Termination: Conditions and procedures for ending the agreement by either party
11. Compliance Declarations: Statements ensuring compliance with FICA, Property Practitioners Act, and other relevant legislation
12. General Terms: Standard contractual provisions including notices, breach, dispute resolution, and governing law
1. Multiple Properties Addendum: Used when the mandate covers more than one property
2. Rental Management Services: Include when the agent will provide ongoing rental management services
3. International Marketing: Special provisions for marketing the property internationally
4. Dual Mandate Provisions: Include when allowing multiple agencies to market the property
5. Special Marketing Budget: Used when specific marketing costs are to be shared or covered by the client
6. Property Developer Terms: Special terms for new developments or multiple unit sales
1. Schedule A - Property Specification: Detailed property specifications, including fixtures and fittings
2. Schedule B - Marketing Plan: Detailed marketing strategy and activities to be undertaken
3. Schedule C - Commission Schedule: Detailed breakdown of commission structures and payment terms
4. Schedule D - Property Condition Report: Current condition of the property, including photographs and noted defects
5. Appendix 1 - Required Documentation: List of required documents for FICA compliance and property sale
6. Appendix 2 - Agency Certification: Copies of agency's licenses and certifications as required by law
Authors
Real Estate
Property Development
Financial Services
Property Management
Construction
Legal Services
Property Investment
Residential Property
Commercial Property
Legal
Compliance
Real Estate Operations
Property Management
Sales
Business Development
Contract Administration
Risk Management
Property Services
Document Control
Estate Agent
Property Practitioner
Real Estate Agency Principal
Property Developer
Legal Counsel
Compliance Officer
Property Manager
Sales Director
Business Development Manager
Contracts Manager
Real Estate Operations Manager
Property Portfolio Manager
Real Estate Branch Manager
Commercial Property Consultant
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