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1. Parties: Identification of the property owner (seller) and the real estate agent/agency, including full legal names, addresses, and registration numbers
2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into a listing relationship
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Listing Period', 'Commission', 'Exclusive Right to Sell', etc.
4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the seller
5. Property Details: Complete description of the property being listed, including legal description, title information, and current condition
6. Listing Terms: Listing price, listing period, type of listing (exclusive or non-exclusive), and commission structure
7. Agent's Obligations: Detailed responsibilities of the agent including marketing efforts, showing the property, and reporting requirements
8. Seller's Obligations: Seller's responsibilities including property access, disclosure requirements, and cooperation with the agent
9. Commission Terms: Detailed explanation of commission calculation, payment timing, and circumstances under which commission becomes due
10. Term and Termination: Duration of the agreement, renewal provisions, and conditions for termination
11. Representations and Warranties: Statements of fact by both parties regarding their authority, the property's condition, and other material facts
12. Governing Law: Specification that Nigerian law governs the agreement and jurisdiction for disputes
13. Signatures: Execution section with date and signatures of all parties
1. Protection Period: Used when the seller wants to include a period after termination during which the agent would still be entitled to commission for certain buyers
2. Virtual Tours and Digital Marketing: Include when specific digital marketing services will be provided, detailing the scope and requirements
3. Multiple Listing Service: Include when the property will be listed on specific multiple listing services, detailing the terms of such listings
4. International Marketing: Used when the property will be marketed to international buyers, including specific marketing strategies and additional costs
5. Property Management: Include when the agent will provide property management services during the listing period
6. Dual Agency: Include when the agent might represent both seller and buyer, detailing the conditions and disclosures required
7. Force Majeure: Include specific provisions for unforeseen circumstances that might affect the listing agreement
8. Dispute Resolution: Optional detailed procedures for handling disputes through mediation or arbitration before court proceedings
1. Schedule A - Property Description: Detailed property description including boundaries, fixtures, and fittings
2. Schedule B - Marketing Plan: Detailed marketing strategy and activities to be undertaken by the agent
3. Schedule C - Commission Structure: Detailed breakdown of commission rates, including any sliding scales or special circumstances
4. Schedule D - Property Photographs: Official photographs of the property to be used in marketing
5. Schedule E - Property Documents: List of all relevant property documents provided by the seller
6. Appendix 1 - Agent's License: Copy of the agent's current license and professional registrations
7. Appendix 2 - Property Title Documents: Copies of relevant title documents and land use certificates
8. Appendix 3 - Seller's Authority: Documentation proving seller's authority to sell the property
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