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Listing Agent Agreement Template for Hong Kong

A comprehensive legal agreement governed by Hong Kong law that establishes the formal relationship between a property owner and a licensed estate agent or agency for the purpose of marketing and selling a property. The document complies with the Estate Agents Ordinance (Cap. 511) and related regulations, outlining the terms of engagement, commission structure, and respective obligations of both parties. It includes specific provisions for marketing strategy, property representation, confidentiality, and compliance with Hong Kong's real estate regulations and data privacy laws.

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What is a Listing Agent Agreement?

The Listing Agent Agreement is a crucial document in Hong Kong's real estate practice, required whenever a property owner engages a licensed estate agent to market and sell their property. This agreement, regulated by the Estate Agents Ordinance and overseen by the Estate Agents Authority, establishes the formal agency relationship and protects both parties' interests. It typically includes essential details such as the property specifications, listing price, commission structure, marketing strategy, and the scope of the agent's authority. The document must comply with Hong Kong's stringent real estate regulations, including requirements for agency disclosure, personal data protection, and anti-money laundering provisions. It's particularly important as it serves as the primary reference point for the agency relationship and can be either exclusive or non-exclusive in nature.

What sections should be included in a Listing Agent Agreement?

1. Parties: Identification of the property owner (client) and the listing agent/agency, including license numbers and contact details

2. Background: Brief context about the property listing arrangement and the parties' intention to enter into an agency relationship

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Listing Period', 'Commission', 'Exclusive Agency' etc.

4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the property owner

5. Property Details: Comprehensive description of the property being listed, including address and identifying details

6. Listing Terms: Specified listing price, marketing period, and type of listing (exclusive or non-exclusive)

7. Agent's Services and Obligations: Detailed description of services to be provided by the agent, including marketing activities and showing procedures

8. Client's Obligations: Property owner's responsibilities, including providing accurate information and maintaining the property

9. Commission Structure: Details of the agent's commission, including rate, calculation method, and payment terms

10. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination

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

12. Warranties and Representations: Declarations by both parties regarding their authority, property ownership, and other material facts

13. Liability and Indemnification: Scope of agent's liability and mutual indemnification provisions

14. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes

15. Entire Agreement: Standard clause confirming the agreement represents the complete understanding between parties

What sections are optional to include in a Listing Agent Agreement?

1. Additional Services: Used when the agent offers premium or specialized services beyond standard listing services

2. Professional Photography: Include when specific arrangements for professional photography or virtual tours are agreed

3. International Marketing: Added when the property will be marketed to international buyers with specific requirements

4. Property Management: Include when the agent will provide property management services during the listing period

5. Post-Sale Services: Used when the agent agrees to provide additional services after a successful sale

6. Multiple Language Provisions: Added when the agreement needs to be executed in multiple languages

7. Force Majeure: Include specific provisions for extraordinary circumstances affecting the listing

8. Digital Marketing Specifics: Used when specific digital marketing strategies and platforms are agreed upon

What schedules should be included in a Listing Agent Agreement?

1. Schedule 1 - Property Details: Detailed description of the property, including floor plan, fixtures, and fittings

2. Schedule 2 - Marketing Plan: Comprehensive marketing strategy and activities to be undertaken

3. Schedule 3 - Commission Structure: Detailed breakdown of commission rates, including any sliding scales or special arrangements

4. Schedule 4 - Property Condition Report: Current condition of the property and any known issues

5. Schedule 5 - Required Documents: List of documents required from the property owner

6. Appendix A - Standard Estate Agency Forms: Mandatory forms required under Hong Kong Estate Agents Ordinance

7. Appendix B - Marketing Materials Authorization: Owner's authorization for specific marketing materials and methods

8. Appendix C - Personal Information Collection Statement: Required statement under Personal Data (Privacy) Ordinance

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Hong Kong

Document Type

Agency Agreement

Cost

Free to use

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