Real Estate Commission Agreement Form
Real Estate Commission Agreement Form
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This Real Estate Commission Agreement ("Agreement") is made on
Agent/Broker
Name
Brokerage Firm
Address
Phone number
Client
Name
Address
Phone number
I. Property Information
Property Address
Legal Description of Property
II. Commission Terms
-
Commission Rate: The commission shall be
[percentage] % of the final sale price of the property, or a flat fee of $[amount] . -
Payment Terms: The commission shall be paid by
[the Seller/Buyer] upon the successful closing of the property transaction. -
Payment Due Date: Payment will be due immediately upon the closing of the sale, and no later than
[number] days after closing.
III. Exclusivity
-
Exclusive Rights: This agreement grants the Agent/Broker exclusive rights to represent the Client in the sale/purchase of the above property for the duration of this agreement.
-
Term: This agreement will be effective from
[Start Date] to[End Date] . Either party may terminate this agreement with written notice provided [number] days in advance.
IV. Responsibilities
-
Marketing and promoting the property to potential buyers.
-
Negotiating terms and conditions on behalf of the Client.
-
Coordinating inspections, appraisals, and other necessary steps to facilitate the sale.
V. Confidentiality
Both parties agree to keep all proprietary and confidential information disclosed under this agreement strictly confidential and not to use it for any purpose other than the intended real estate transaction.
VI. Signature
Agent/Broker Client
Name:
Date:
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