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1. Parties: Identifies the property owner (Seller) and the licensed real estate agent/agency (Agent), including full legal names, addresses, and registration details
2. Background: Brief context explaining the Seller's intention to sell the property and appoint the Agent as exclusive listing agent
3. Definitions: Defines key terms used throughout the agreement, including 'Exclusive Period', 'Property', 'Listing Price', 'Commission', etc.
4. Appointment and Scope: Details the exclusive appointment of the Agent and the specific services to be provided
5. Property Details: Complete description of the property being listed, including legal description, title information, and any encumbrances
6. Listing Price and Commission: Specifies the agreed listing price and the Agent's commission structure, including when and how it becomes payable
7. Duration of Agreement: Specifies the length of the exclusive listing period and any extension provisions
8. Agent's Obligations: Comprehensive list of the Agent's duties, responsibilities, and service commitments
9. Seller's Obligations: Details the Seller's responsibilities, including providing accurate information and property access
10. Marketing Authorization: Specifies the approved marketing methods and authorizations for property promotion
11. Termination: Conditions under which the agreement can be terminated by either party
12. Governing Law and Jurisdiction: Specifies that Nigerian law governs the agreement and establishes jurisdiction for disputes
1. Protection Period: Used when the parties want to specify a period after termination during which the Agent remains entitled to commission for specific prospects
2. Multiple Listing Service: Include when the property will be listed on MLS platforms, specifying terms of such listings
3. Virtual Tours and Digital Marketing: Include when specific digital marketing strategies and virtual showings are part of the service
4. Property Management: Include when the Agent will also provide property management services during the listing period
5. International Marketing: Include when the property will be marketed to international buyers, specifying additional services and requirements
6. Dual Agency: Include when the Agent may potentially represent both seller and buyer
7. Force Majeure: Include to address unforeseen circumstances that may affect the performance of the agreement
1. Schedule 1: Property Details: Detailed description of the property, including lot size, building specifications, and amenities
2. Schedule 2: Marketing Plan: Comprehensive marketing strategy and timeline
3. Schedule 3: Commission Structure: Detailed breakdown of commission rates, including any sliding scales or special circumstances
4. Schedule 4: Property Documents: List of all property-related documents provided by the Seller
5. Appendix A: Property Photographs: Official photographs of the property approved for marketing use
6. Appendix B: Agent's License and Credentials: Copies of the Agent's professional licenses and certifications
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