An Exclusive Contract With A Real Estate Agent is essential when property owners wish to establish a dedicated relationship with a single agent for maximum marketing effectiveness and clear accountability. This document, governed by English and Welsh law, provides comprehensive protection for both parties by clearly defining roles, responsibilities, and compensation structures. It's particularly valuable in high-value property transactions or when sellers require focused marketing efforts. The contract typically includes detailed marketing commitments, performance expectations, commission structures, and compliance with relevant property legislation including the Estate Agents Act 1979 and Consumer Protection Regulations.
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1. Parties: Identifies the estate agent and property owner with full legal names and addresses
2. Background: Sets out the context of the agreement and property details
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Scope: Details of exclusive appointment and services to be provided
5. Duration: Term of exclusivity and any notice periods
6. Agent's Obligations: Detailed responsibilities and duties of the estate agent
7. Client's Obligations: Property owner's responsibilities and commitments
8. Commission and Fees: Payment terms, commission rates, and when fees become payable
9. Termination: Circumstances and process for ending the agreement
1. Marketing Strategy: Specific marketing approaches and commitments - used for high-value properties or when specific marketing commitments are agreed
2. Sub-Agents: Terms for appointing sub-agents - used when sub-agents may be required
3. International Marketing: Specific provisions for international marketing - used for luxury properties or those targeting international buyers
4. Performance Targets: Specific metrics and targets - used when performance-based terms are included
1. Property Details Schedule: Detailed description of the property including boundaries, fixtures, and fittings
2. Fee Schedule: Detailed breakdown of fees, commission structures, and payment terms
3. Marketing Plan: Detailed marketing strategy and commitments
4. Property Photographs: Approved photographs for marketing purposes
5. Service Level Agreement: Detailed service standards and response times
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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