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Exclusive Sale And Listing Agreement

Exclusive Sale And Listing Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Exclusive Sale And Listing Agreement

"I need an Exclusive Sale And Listing Agreement for a luxury villa in Palm Jumeirah, Dubai, with a 6-month exclusivity period starting March 1, 2025, including international marketing provisions and a 2% commission structure."

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Document background
The Exclusive Sale And Listing Agreement is a crucial document in UAE real estate transactions, particularly in developed markets like Dubai and Abu Dhabi. It is used when a property owner wishes to grant exclusive rights to a single licensed real estate broker to market and sell their property. This document is essential for high-value properties and professional real estate transactions, providing clear structure and protection for both parties under UAE law. The agreement must comply with RERA regulations (in Dubai) and similar regulatory requirements in other emirates, including specific provisions for broker licensing, marketing permissions, and commission structures. It typically includes detailed property information, marketing commitments, commission terms, and duration of exclusivity, while incorporating necessary protections and obligations under UAE federal and emirate-specific real estate laws.
Suggested Sections

1. Parties: Identification of the property owner/seller and the exclusive real estate broker, including all required registration and license details as per UAE regulations

2. Background: Context of the agreement, including property owner's intention to sell and broker's qualification to provide exclusive listing services

3. Definitions: Key terms used in the agreement including Property, Exclusive Period, Listing Price, Commission, etc.

4. Appointment and Scope: Express appointment of broker as exclusive agent and detailed scope of services

5. Duration: Term of the exclusive listing agreement and any automatic renewal provisions

6. Broker's Rights and Obligations: Detailed listing of broker's responsibilities, marketing commitments, and service obligations

7. Owner's Rights and Obligations: Property owner's commitments, including cooperation requirements and information disclosure obligations

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission earning

9. Property Information: Details of the property being listed and authorized listing price range

10. Marketing Authorization: Specific permissions for marketing activities and use of property information

11. Termination: Conditions and process for early termination of the agreement

12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes

Optional Sections

1. Protection Period: Post-termination period during which broker remains entitled to commission for specific prospects - include when standard in the relevant emirate

2. Multiple Listing Service: Terms for MLS listing if applicable in the jurisdiction

3. Virtual Tours and Digital Marketing: Specific provisions for digital marketing when advanced online promotion is planned

4. International Marketing: Additional terms for international property marketing when targeting overseas buyers

5. Property Management: Additional terms if broker will provide property management services during listing period

6. Force Majeure: Specific provisions for unforeseen circumstances affecting performance

7. Confidentiality: Detailed confidentiality provisions when dealing with high-value or sensitive properties

Suggested Schedules

1. Schedule 1 - Property Details: Comprehensive description of the property, including title deed details, size, features, and condition

2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates, including any sliding scales or special circumstances

3. Schedule 3 - Marketing Plan: Detailed marketing strategy and commitments

4. Schedule 4 - Property Documentation: List of all property documents provided by owner

5. Appendix A - Broker's License: Copy of broker's RERA license and other relevant certifications

6. Appendix B - Property Photos: Approved property photographs and marketing materials

7. Appendix C - Power of Attorney: If applicable, power of attorney authorizing property sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Development

Residential Property

Commercial Property

Luxury Real Estate

Retail Property

Industrial Property

Hospitality Property

Mixed-Use Development

Relevant Teams

Legal

Real Estate Sales

Compliance

Operations

Marketing

Business Development

Contract Administration

Property Management

Document Control

Relevant Roles

Real Estate Broker

Property Sales Manager

Real Estate Agency Director

Property Owner

Real Estate Legal Counsel

Compliance Officer

Real Estate Operations Manager

Sales Director

Property Developer

Real Estate Marketing Manager

Business Development Manager

Contract Manager

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): Governs contractual relationships, obligations, and general principles of contract formation, including agency relationships and sale contracts
UAE Federal Law No. 18 of 1981 (Commercial Agency Law): Regulates commercial agency relationships and exclusive rights arrangements in the UAE
Dubai Law No. 26 of 2007: Regulates the relationship between real estate brokers and their clients in Dubai, including requirements for listing agreements
RERA Regulations (Dubai): Real Estate Regulatory Agency regulations governing real estate brokerage activities, including requirements for exclusive listing agreements
UAE Federal Law No. 37 of 2006: Regarding the regulation of real estate registration in the UAE, affecting property sale and transfer procedures
Dubai Law No. 7 of 2006: Concerning property registration in Dubai, including requirements for real estate transactions and broker involvement
UAE Federal Law No. 24 of 2006 (Consumer Protection Law): Provides consumer protection provisions that may apply to real estate transactions and service agreements
Local Municipality Real Estate Regulations: Specific regulations from relevant emirates' municipalities governing real estate transactions and broker conduct
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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