Disclaimer
The provided document serves as a general framework for formalizing a professional brokerage relationship. It is intended solely for informational purposes and does not constitute legal advice. Users should consult with a qualified attorney to tailor the document to specific circumstances and ensure compliance with applicable laws and regulations in their jurisdiction. The use of this template is at the user’s own risk, and we bear no responsibility for any errors, omissions, or legal implications resulting from its use without professional guidance.
This sample Broker Agreement is meant to illustrate a typical structure and may vary based on specific circumstances and legal requirements. Customize the details accordingly.
Broker Agreement Sample
Parties Involved:
Broker: ABC Real Estate Services Address: 789 Market Street, San Francisco, CA 94103
Client: XYZ Property Owner Address: 321 Oak Lane, San Francisco, CA 94107
Purpose of Agreement:
This agreement outlines the terms under which the broker will provide real estate services to the client, including property listing, marketing, and sale negotiations.
Broker Responsibilities:
The broker agrees to act diligently and professionally to locate prospective buyers, promote the property, and facilitate the sale process in accordance with applicable laws and regulations.
Client Obligations:
The client agrees to provide accurate property information, cooperate with the broker, and pay commissions as outlined in this agreement upon successful transaction.
Commission and Compensation:
The client shall pay the broker a commission of 6% of the total sale price upon closing. Additional expenses, such as advertising costs, shall be pre-approved and reimbursed by the client.
Term and Termination:
This agreement shall commence on __________________ and remain in effect until __________________. Either party may terminate with written notice, subject to pending transactions.
Additional Terms:
- Both parties agree to confidentiality regarding the terms of this agreement.
- Any modifications shall be in writing and signed by both parties.
- This agreement is governed by the laws of the State of California.
San Francisco, _____________________
ABC Real Estate Services (Broker)
XYZ Property Owner (Client)