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Seller Listing Agreement Template for Nigeria

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Key Requirements PROMPT example:

Seller Listing Agreement

"I need a Seller Listing Agreement for a luxury commercial property in Lagos, with an exclusive 6-month listing period starting March 1, 2025, including international marketing provisions and a 5% commission structure."

Document background
The Seller Listing Agreement is a crucial document in Nigerian real estate transactions that formalizes the relationship between property owners and real estate professionals. This agreement is essential when a property owner wishes to engage a professional real estate agent or agency to market and sell their property. It provides legal protection for both parties while ensuring compliance with Nigerian real estate regulations and professional standards. The document typically includes detailed provisions about the property, listing terms, commission structures, and the scope of the agent's authority. Used primarily in property sales transactions, the Seller Listing Agreement must conform to Nigerian contract law principles and specific real estate regulations, including the Estate Surveyors and Valuers Registration Act and relevant state-specific property laws. The agreement can be adapted for various property types, from residential to commercial, and can be structured as either an exclusive or non-exclusive listing arrangement.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Property Management

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Property Management

Operations

Asset Management

Valuations

Contract Administration

Relevant Roles

Real Estate Agent

Property Manager

Estate Surveyor

Real Estate Broker

Legal Counsel

Property Developer

Sales Director

Business Development Manager

Contract Manager

Compliance Officer

Real Estate Portfolio Manager

Asset Manager

Property Valuation Specialist

Real Estate Operations Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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