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Commission Agreement (Real Estate)
"I need a Real Estate Commission Agreement for a residential property sale in Amsterdam, with a standard 2% commission rate and basic marketing services, to be effective from March 1, 2025."
1. Parties: Identification of the Principal and the Real Estate Agent, including registration details and professional licenses
2. Background: Context of the agreement, including the property details and the nature of the services required
3. Definitions: Key terms used throughout the agreement, including technical real estate terms and commission-related definitions
4. Appointment and Scope: Formal appointment of the agent and detailed description of services to be provided
5. Duration and Termination: Term of the agreement, renewal provisions, and circumstances for termination
6. Commission Structure: Detailed explanation of commission rates, calculation methods, and payment terms
7. Agent's Obligations: Specific duties and responsibilities of the real estate agent
8. Principal's Obligations: Responsibilities and commitments of the principal
9. Payment Terms: Terms and conditions for payment of commission and other fees
10. Exclusivity: Whether the appointment is exclusive or non-exclusive and related terms
11. Compliance and Regulations: Adherence to relevant Dutch real estate regulations and anti-money laundering requirements
12. Liability and Insurance: Limitation of liability, professional indemnity insurance, and related provisions
13. Confidentiality: Obligations regarding confidential information and data protection
14. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes
15. General Provisions: Standard contractual provisions including notices, amendments, and severability
1. Property Marketing Strategy: Detailed marketing approach and commitments - include when specific marketing services are part of the scope
2. Success Fee: Additional performance-based compensation - include when agreed upon beyond standard commission
3. Cross-Border Provisions: Special provisions for international clients or properties - include for international transactions
4. Sub-Agents: Terms for engagement of sub-agents - include when sub-agents may be involved
5. Post-Termination Obligations: Ongoing obligations after agreement ends - include for complex or high-value transactions
6. Force Majeure: Provisions for unforeseen circumstances - include for longer-term agreements
7. Client Money Protection: Provisions for handling client funds - include when agent will handle client money
8. Online Marketing Consent: Specific permissions for digital marketing - include when extensive online marketing is planned
1. Schedule 1 - Property Details: Detailed description of the property or properties covered by the agreement
2. Schedule 2 - Commission Rates: Detailed breakdown of commission rates for different transaction types or value ranges
3. Schedule 3 - Service Level Agreement: Specific performance metrics and service standards
4. Schedule 4 - Marketing Plan: Detailed marketing strategy and activities
5. Appendix A - Required Documentation: List of required documents for compliance and transaction processing
6. Appendix B - Professional Certifications: Copies of relevant licenses and certifications
7. Appendix C - Standard Terms and Conditions: Standard terms and conditions of the real estate agent if applicable
8. Appendix D - Privacy Notice: GDPR-compliant privacy notice and data processing terms
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Retail Property
Industrial Property
Property Investment
Property Management
Construction
Urban Development
Legal
Compliance
Real Estate
Sales
Business Development
Property Management
Asset Management
Risk Management
Finance
Operations
Real Estate Agent
Property Manager
Business Development Manager
Legal Counsel
Compliance Officer
Commercial Director
Sales Manager
Investment Manager
Asset Manager
Transaction Manager
Principal Broker
Managing Director
Contract Manager
Real Estate Consultant
Property Valuer
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