Limited Listing Agreement Template for United Arab Emirates

The Limited Listing Agreement is a crucial document in UAE real estate transactions, particularly useful when property owners wish to maintain flexibility in their selling strategy while engaging professional real estate services. This agreement type is commonly used in the UAE market where property owners want to test the market without committing to a long-term exclusive arrangement. The document complies with UAE federal laws and emirate-specific regulations, particularly RERA guidelines in Dubai, and includes essential elements such as property details, commission structures, marketing authorizations, and specific limitations on the agent's authority. The Limited Listing Agreement is particularly relevant in dynamic market conditions where owners want to maintain control over their property's marketing while benefiting from professional real estate services for a defined period or specific scope.

1. Parties: Identification of the property owner/seller and the real estate agency, including their full legal names, licenses, and contact details

2. Background: Brief context about the property listing arrangement and the intention to create a limited listing agreement

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Listing Period', 'Exclusive Period' (if any), and 'Commission'

4. Appointment and Scope: Details of the agent's appointment, specifying the limited nature of the listing and any territorial or customer restrictions

5. Property Details: Comprehensive description of the property, including location, size, type, and any relevant certificates or permits

6. Listing Period: Specific duration of the listing agreement, including start and end dates

7. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission eligibility

8. Agent's Obligations: Specific duties and responsibilities of the real estate agent during the listing period

9. Owner's Obligations: Requirements and commitments from the property owner, including provision of information and access

10. Marketing Authorization: Scope of permitted marketing activities and use of property information

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

12. Governing Law: Specification of UAE law as governing law and relevant jurisdiction