Broker Seller Agreement

Broker Seller Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

"I need a Broker Seller Agreement for my luxury villa development in Dubai, with exclusive rights granted to a single brokerage firm for international marketing, including a tiered commission structure based on sales volume and a minimum guaranteed marketing spend."

Document background

The Broker Seller Agreement is essential for establishing formal business relationships in UAE real estate transactions. This document is used when a property owner or developer wishes to engage a licensed real estate broker to market and sell their property. It must comply with UAE Federal Law No. 5 of 1985 (Civil Code), relevant emirate-specific real estate regulations, and RERA requirements where applicable. The agreement typically includes detailed terms about commission structures, marketing responsibilities, exclusivity provisions, and service levels. It's particularly important in the UAE market where real estate brokerage is heavily regulated and requires specific licensing and compliance measures. The document serves to protect both parties' interests while ensuring alignment with local legal requirements and market practices.

Suggested Sections

1. Parties: Identification of the seller and broker, including full legal names, license numbers, and registered addresses

2. Background: Context of the agreement, brief description of the property/properties, and purpose of the brokerage relationship

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Effective Date', and 'Exclusive Period' if applicable

4. Appointment and Scope: Formal appointment of broker and detailed scope of services to be provided

5. Term and Territory: Duration of the agreement and geographical area where broker is authorized to operate

6. Broker's Rights and Obligations: Detailed listing of broker's responsibilities, including marketing efforts, showing properties, and reporting requirements

7. Seller's Rights and Obligations: Seller's commitments, including providing accurate information, access to property, and cooperation requirements

8. Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms

9. Payment Terms: Timing and method of commission payments, including conditions for commission becoming due

10. Representations and Warranties: Key statements of fact and promises by both parties

11. Confidentiality: Obligations regarding confidential information and customer data protection

12. Termination: Circumstances under which agreement can be terminated and consequences of termination

13. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for dispute resolution

14. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions

Optional Sections

1. Exclusivity: Details of exclusive rights granted to broker - include when arrangement is exclusive

2. Sub-Agents: Terms for appointment and management of sub-agents - include when sub-agents are permitted

3. Marketing Budget: Specific provisions regarding marketing expenses and budgets - include when marketing costs are shared

4. Multiple Properties: Additional terms for handling multiple properties - include when agreement covers multiple properties

5. International Marketing: Specific provisions for international marketing efforts - include for high-value properties requiring international exposure

6. Digital Marketing Rights: Specific terms for online marketing and social media - include when digital marketing is a key component

7. Force Majeure: Provisions for unforeseen circumstances - include for longer-term agreements

8. Non-Compete: Restrictions on broker's activities with competitors - include when protecting sensitive market information

Suggested Schedules

1. Property Schedule: Detailed description of property/properties including location, specifications, and asking price

2. Commission Schedule: Detailed breakdown of commission structures, including any sliding scales or special circumstances

3. Marketing Plan: Detailed marketing strategy and activities to be undertaken by the broker

4. Required Documentation: List of necessary documents and certificates required for the sale

5. Broker's Licenses: Copies of broker's relevant licenses and registrations

6. Property Documentation: Key property documents including title deeds, floor plans, and certificates

7. Service Level Agreement: Detailed performance metrics and service standards for the broker

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Real Estate Investment

Property Management

Construction

Hospitality

Retail

Industrial

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Property Management

Asset Management

Operations

Contract Management

Investment

Relevant Roles

Real Estate Broker

Property Sales Manager

Business Development Manager

Legal Counsel

Compliance Officer

Property Developer

Sales Director

Real Estate Manager

Contract Manager

Real Estate Agent

Property Portfolio Manager

Asset Manager

Investment Manager

Managing Director

CEO

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Let's create your Broker Seller Agreement

Authors

Alex Denne

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