Real Estate Broker Contract Template for Ireland

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Key Requirements PROMPT example:

Real Estate Broker Contract

"I need a Real Estate Broker Contract for our commercial property portfolio in Dublin, allowing for multiple agency arrangements and including specific provisions for international marketing, with the agreement term starting from March 2025."

Document background
The Real Estate Broker Contract serves as a fundamental legal instrument in the Irish property market, establishing the framework for professional property services. This document is essential when engaging a licensed broker to market, sell, lease, or manage property in Ireland. It encompasses all necessary elements required by the Property Services Regulatory Authority (PSRA) and ensures compliance with Irish property services legislation, including the Property Services (Regulation) Act 2011. The contract typically includes detailed provisions for service scope, commission structures, marketing strategies, and regulatory compliance requirements. It's designed to protect both the broker's and client's interests while maintaining transparency and professional standards in property transactions.
Suggested Sections

1. Parties: Identification of the property owner/client and the licensed real estate broker, including PSRA license numbers

2. Background: Context of the agreement and brief description of the property service required

3. Definitions: Key terms used throughout the agreement, including specific real estate and regulatory terminology

4. Scope of Services: Detailed description of the property services to be provided by the broker

5. Appointment and Authority: Terms of the broker's appointment and extent of authority to act on behalf of the client

6. Duration and Termination: Term of the agreement, renewal provisions, and termination conditions

7. Broker's Obligations: Specific duties and responsibilities of the broker, including compliance with PSRA regulations

8. Client's Obligations: Responsibilities and commitments of the client, including provision of accurate information

9. Commission and Fees: Fee structure, payment terms, and conditions for commission earning

10. Professional Indemnity Insurance: Details of the broker's professional indemnity insurance as required by law

11. Confidentiality: Obligations regarding confidential information and compliance with GDPR

12. Data Protection: GDPR compliance and data handling procedures

13. Anti-Money Laundering: Compliance with AML regulations and required procedures

14. Governing Law: Confirmation of Irish law governance and jurisdiction

Optional Sections

1. Multiple Agency Agreement: Used when the client may engage multiple brokers

2. International Marketing: Included when the property will be marketed internationally

3. Special Marketing Requirements: For properties requiring unique marketing approaches or additional services

4. Property Management Services: When the broker will provide additional property management services

5. Virtual Viewing Services: Specific terms for virtual property viewings and digital marketing

6. Sub-Agency Provisions: Terms governing the appointment of sub-agents if permitted

7. Performance Targets: Specific performance metrics and related conditions

8. Break Clause: Additional termination rights under specific circumstances

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property, including address, type, and specific features

2. Schedule 2 - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms

3. Schedule 3 - Marketing Plan: Specific marketing strategies and activities to be undertaken

4. Schedule 4 - Required Documentation: List of documents required from the client for regulatory compliance

5. Appendix A - PSRA Regulatory Information: Standard regulatory information required by the PSRA

6. Appendix B - Client Information Form: Standard form for collecting client information and preferences

7. Appendix C - AML Documentation Requirements: List of required documents for AML compliance

8. Appendix D - Data Protection Notice: Detailed GDPR compliance information and privacy notice

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality

Agricultural Property

Mixed-Use Development

Property Investment

Relevant Teams

Legal

Compliance

Real Estate

Property Management

Sales

Operations

Risk Management

Business Development

Contract Administration

Property Services

Relevant Roles

Real Estate Broker

Property Manager

Estate Agent

Commercial Property Agent

Real Estate Director

Property Services Manager

Letting Agent

Property Consultant

Real Estate Sales Manager

Business Development Manager

Legal Counsel

Compliance Officer

Risk Manager

Operations Manager

Property Portfolio Manager

Industries
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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