Exclusive Agency Agreement (Real Estate) Template for Ireland

The Exclusive Agency Agreement (Real Estate) is a crucial document in Irish property transactions, used when a property owner wishes to grant sole selling/leasing rights to a specific real estate agent. This arrangement, governed by Irish law and regulated under the Property Services (Regulation) Act 2011, provides the appointed agent with exclusive authority to market and negotiate the sale/lease of the property for a defined period. The document is essential for establishing clear terms of engagement, protecting both parties' interests, and ensuring compliance with Irish regulatory requirements. It typically includes detailed provisions on commission structures, service obligations, marketing approaches, and termination rights, while incorporating necessary data protection and consumer protection measures. This type of agreement is particularly valuable when property owners seek dedicated, focused representation and want to avoid potential conflicts or confusion that might arise from multiple agents marketing the same property.

1. Parties: Identification of the property owner (Client) and the licensed real estate agent (Agent), including full legal names, addresses, and relevant registration numbers

2. Background: Context of the agreement, including property details and the client's intention to sell/lease through an exclusive arrangement

3. Definitions: Key terms used throughout the agreement, including 'Exclusive Period', 'Property', 'Commission', and 'Property Services'

4. Appointment and Scope: Explicit statement of exclusive appointment and detailed description of services to be provided by the Agent

5. Duration and Exclusivity: Term of the agreement, exclusivity provisions, and conditions for renewal or termination

6. Agent's Obligations: Detailed responsibilities including marketing strategy, viewings, negotiations, and compliance with relevant regulations

7. Client's Obligations: Property owner's responsibilities, including providing accurate information and maintaining the property

8. Commission Structure: Detailed breakdown of fees, commission rates, and payment terms

9. Marketing and Advertising: Agreed marketing approach, including types of advertising and associated costs

10. Termination: Circumstances and procedures for ending the agreement, including notice periods

11. Data Protection: GDPR compliance provisions and data handling procedures

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