Document background
The Exclusive Agreement (Real Estate) is a crucial document in Indonesian property transactions, typically used when a property owner wishes to grant sole marketing and selling rights to a specific real estate agency or agent. This arrangement is particularly common for high-value properties, new developments, or situations requiring focused marketing efforts. The document is structured to comply with Indonesian real estate laws and regulations, including the Civil Code and Basic Agrarian Law, while protecting both parties' interests through detailed provisions on exclusivity periods, commission structures, and service obligations. It becomes especially important in Indonesia's dynamic property market, where clear delineation of rights and responsibilities helps prevent potential disputes and ensures efficient property marketing and transaction processes. The agreement includes specific provisions addressing local market practices and regulatory requirements unique to the Indonesian real estate sector.
