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Exclusive Seller Representation Agreement
"I need an Exclusive Seller Representation Agreement for a luxury beachfront resort property in Boracay, Philippines, with special provisions for international marketing and a requirement that the broker must achieve a minimum sale price of 500M PHP within 6 months starting March 2025."
1. Parties: Identifies the property owner (Seller) and the licensed real estate broker, including their complete details and professional credentials
2. Background: Establishes the context: seller's ownership of the property, intention to sell, and desire to engage a professional broker
3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Exclusive Period', 'Listing Price', and 'Commission'
4. Appointment and Scope: Clearly states the exclusive appointment of the broker and details the scope of services to be provided
5. Duration of Agreement: Specifies the term of the exclusive representation, including start and end dates
6. Listing Price: States the agreed listing price and any conditions for price adjustments
7. Broker's Rights and Obligations: Details the broker's responsibilities, marketing commitments, and reporting obligations
8. Seller's Rights and Obligations: Outlines the seller's commitments, including providing accurate information and property access
9. Commission Structure: Specifies the commission rate, payment terms, and conditions for commission earning
10. Property Information: Contains declarations about the property's condition and any known issues
11. Termination: States the conditions and process for early termination of the agreement
12. Governing Law: Confirms the agreement is governed by Philippine law and RESA regulations
13. Dispute Resolution: Outlines the process for resolving any disputes between parties
14. Execution: Formal closing section with signature blocks and witnessing requirements
1. Protection Period: Defines a period after agreement termination during which the broker remains entitled to commission for specific prospects - include when standard in the market
2. International Marketing: Additional provisions for marketing the property internationally - include for high-value properties
3. Digital Marketing Authorization: Specific permissions for online marketing and social media - include for modern marketing campaigns
4. Multiple Properties: Additional provisions for representing multiple properties - include when seller has multiple properties
5. Confidentiality: Detailed confidentiality provisions - include for high-profile sellers or sensitive properties
6. Force Majeure: Provisions for unforeseen circumstances - include in uncertain market conditions
7. Sub-Agents: Terms for allowing and managing sub-agents - include when broker network involvement is anticipated
1. Schedule A - Property Details: Detailed description of the property, including lot area, improvements, and technical specifications
2. Schedule B - Marketing Plan: Comprehensive marketing strategy and activities to be undertaken by the broker
3. Schedule C - Commission Schedule: Detailed breakdown of commission structure, including any sliding scales or special conditions
4. Schedule D - Property Documents: List of all property-related documents provided by the seller
5. Appendix 1 - Broker's License and Credentials: Copies of broker's professional licenses and certifications
6. Appendix 2 - Property Photos and Floor Plans: Visual documentation of the property
7. Appendix 3 - Service Level Agreement: Detailed performance metrics and service standards
Authors
Residential Real Estate
Commercial Real Estate
Industrial Real Estate
Luxury Real Estate
Agricultural Real Estate
Resort and Hospitality Properties
Mixed-Use Development
Retail Properties
Office Properties
Land Development
Legal
Real Estate
Sales
Business Development
Compliance
Operations
Contract Administration
Property Management
Asset Management
Transaction Management
Real Estate Broker
Property Owner
Real Estate Agent
Real Estate Manager
Property Manager
Sales Director
Business Development Manager
Legal Counsel
Compliance Officer
Real Estate Operations Manager
Contract Administrator
Property Developer
Real Estate Portfolio Manager
Asset Manager
Transaction Manager
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