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Real Estate Broker Contract
"I need a Real Estate Broker Contract for an exclusive arrangement with a Jakarta-based broker to sell my portfolio of five commercial properties, with a six-month term starting January 2025 and including international marketing rights."
1. Parties: Identification of the broker and the client, including registration/license numbers and complete contact details
2. Background: Context of the agreement, including the client's intention to sell/lease property and the broker's qualifications
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Exclusive Period', etc.
4. Appointment and Scope of Services: Details of broker's appointment and comprehensive list of services to be provided
5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination
6. Broker's Rights and Obligations: Detailed responsibilities of the broker, including marketing, showing property, and negotiation duties
7. Client's Rights and Obligations: Client's responsibilities, including providing accurate information and property access
8. Commission and Payment Terms: Commission rate, calculation method, payment timing, and conditions for commission earning
9. Representations and Warranties: Statements of fact by both parties regarding authority, property details, and legal compliance
10. Confidentiality: Obligations regarding confidential information handling and protection
11. Liability and Indemnification: Allocation of risks and responsibilities between parties
12. Governing Law and Dispute Resolution: Application of Indonesian law and method of resolving disputes
13. General Provisions: Standard clauses including notices, amendments, and severability
1. Exclusive Rights: Used when granting exclusive listing rights to the broker
2. International Marketing: Include when property marketing will extend beyond Indonesia
3. Digital Marketing Authorization: Specific permissions and terms for online marketing and virtual showings
4. Property Management Services: Include when broker will provide additional property management services
5. Multiple Property Listing: Used when agreement covers multiple properties
6. Sub-broker Arrangements: Terms for involving other brokers or agents
7. Special Property Conditions: Used for properties with unique features or restrictions
8. Post-Transaction Services: Additional services to be provided after successful transaction
1. Schedule A - Property Details: Comprehensive description of the property, including legal description, certificates, and condition
2. Schedule B - Commission Structure: Detailed breakdown of commission rates, payment terms, and special conditions
3. Schedule C - Marketing Plan: Specific marketing strategies and activities to be undertaken
4. Schedule D - Required Documents: List of necessary documents for property transaction
5. Schedule E - Service Level Agreement: Specific performance metrics and service standards
6. Appendix 1 - Broker's License and Certifications: Copies of relevant professional licenses and certifications
7. Appendix 2 - Property Photographs and Floor Plans: Visual documentation of the property
8. Appendix 3 - Power of Attorney: If required for specific actions on behalf of the client
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Industrial Property
Retail Property
Hospitality
Mixed-Use Development
Construction
Property Investment
Legal
Real Estate Operations
Sales
Business Development
Compliance
Property Management
Asset Management
Facilities Management
Contract Administration
Risk Management
Real Estate Broker
Property Manager
Real Estate Agent
Sales Director
Business Development Manager
Property Consultant
Legal Counsel
Contracts Manager
Real Estate Operations Manager
Asset Manager
Facilities Manager
Transaction Manager
Compliance Officer
Property Development Manager
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