The Property Broker Agreement serves as the foundational document governing the relationship between real estate professionals and property owners in the United States. This agreement is essential when property owners seek professional assistance in selling, leasing, or managing their properties. It defines the scope of services, compensation terms, and legal obligations while ensuring compliance with federal and state real estate regulations. The document typically includes detailed marketing commitments, property specifications, commission structures, and term conditions.
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1. Parties: Identification of the broker and property owner/client
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of broker's services and responsibilities
5. Commission Structure: Terms of payment and commission rates
6. Term and Termination: Duration of agreement and termination provisions
7. Representations and Warranties: Statements of fact by both parties
8. Governing Law: Applicable jurisdiction and choice of law
1. Marketing Plan: Specific marketing strategies and commitments for exclusive listing agreements
2. Property Management Services: Additional property management responsibilities when broker provides such services
3. International Marketing: Provisions for international marketing efforts for luxury or high-end properties
1. Schedule A - Property Details: Detailed description of property(ies) covered by agreement
2. Schedule B - Commission Schedule: Detailed breakdown of commission structures and scenarios
3. Schedule C - Marketing Plan: Detailed marketing strategy and timeline
4. Appendix 1 - Required Disclosures: State-mandated broker disclosures and forms
Relevant legal definitions
Clauses
Relevant Industries
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