Looking to sell your property? If you`re planning to use the services of a real estate agent, it`s important to have an agreement in place to ensure that everything runs smoothly and there are no misunderstandings along the way.
An estate agent agreement template is a helpful document that outlines the terms of the agreement between you and your chosen agent. It covers everything from the scope of the agent`s services to the commission that you`ll pay them for their assistance.
Here are some of the key areas that an estate agent agreement template should cover:
Scope of Services
The agreement should outline the services that the estate agent will provide, including tasks such as listing your property on various platforms, conducting viewings, and negotiating with potential buyers or their agents. This section should also include any specific requirements or requests that you may have as the seller.
Commission
The commission that the estate agent will receive for their services is an important consideration. This section of the agreement should outline the exact percentage or flat fee that the agent will receive upon the sale of your property. It`s important to ensure that this section is clear and transparent to avoid any confusion or disagreements down the line.
Duration of the Agreement
The duration of the estate agent agreement is another important factor to consider. Will the agreement be in place for a set amount of time, such as six months, or will it continue until the property is sold? This section should clearly outline the duration of the agreement, including any renewal options or opt-out clauses.
Termination of the Agreement
In the event that you need to terminate the agreement early, it`s important to have a section in the agreement that outlines the process for doing so. This may include a notice period or specific conditions that need to be met before the agreement can be terminated.
Conclusion
An estate agent agreement template is a valuable tool for anyone looking to sell their property through a real estate agent. By outlining the scope of services, commission, duration, and termination clauses, you can ensure that both you and your agent are clear on the terms of the agreement, and that your property sale is a success.