Registration Agreement Between Broker And Owner Template for United Arab Emirates

The Registration Agreement Between Broker And Owner is a crucial document in UAE real estate transactions, required by regulatory authorities including RERA (Real Estate Regulatory Agency) in Dubai. This agreement is essential when property owners wish to engage professional real estate brokers to market and facilitate the sale or lease of their properties. It serves as a formal contract that protects both parties' interests while ensuring compliance with UAE real estate regulations. The document typically includes detailed specifications about the property, scope of broker services, commission structures, and various obligations of both parties. It's particularly important in the UAE market where real estate transactions must follow strict regulatory guidelines and where both local and international property transactions are common. The agreement can be used for various property types, from residential to commercial, and can be structured for both exclusive and non-exclusive broker arrangements.

1. Parties: Identification of the Property Owner and the Licensed Real Estate Broker, including their full legal names, licenses, and contact details

2. Background: Brief context of the agreement, including reference to the broker's authority to act and relevant RERA regulations

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Commission', 'RERA', etc.

4. Appointment and Scope: Details of broker's appointment, whether exclusive or non-exclusive, and specific services to be provided

5. Term of Agreement: Duration of the agreement, including start date and end date or renewal provisions

6. Property Details: Comprehensive description of the property, including location, size, type, and registration details

7. Broker's Obligations: Detailed responsibilities of the broker, including marketing efforts, showing property, and compliance with regulations

8. Owner's Obligations: Owner's responsibilities, including providing accurate information and necessary documentation

9. Commission Structure: Details of broker's commission, payment terms, and conditions for commission eligibility

10. Representations and Warranties: Statements of fact and guarantees from both parties regarding their capacity and authority

11. Termination: Conditions and process for terminating the agreement by either party

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

13. Notices: Process and requirements for formal communications between parties

14. General Provisions: Standard clauses including severability, entire agreement, and amendments