Document Type: DOCX
Number of Pages: 3
A Property Agent Commission Agreement is a legally binding contract between a property owner (seller/landlord) and a real estate agent or broker that outlines the agent’s role in marketing, selling, leasing, or renting out a property in exchange for a commission.Key Components:1. Parties Involved2. Property Details3. Appointment of the Agent4. Scope of Agent’s Services5. Commission Terms6. Duration and Termination7. Dispute Resolution8. Governing Law9. General Provisions10. SignaturesPurpose of a Property Agent Commission Agreement:1. Protecting the Agent’s Right to Commission2. Providing Legal Clarity 3. Avoiding Disputes4. Ensuring Transparency in Transactions5. Preventing Unethical Practices6. Enhancing Professionalism in Real Estate TransactionsDownload an editable template on Sheriaplex which you can customize to meet your requirements.
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