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Commercial Real Estate Commission Agreement
"I need a Commercial Real Estate Commission Agreement for appointing an exclusive agent to sell my retail shopping complex in Lahore, with a tiered commission structure starting at 2% for the first 500M PKR and 1.5% thereafter, with the agreement to commence from March 1, 2025."
1. Parties: Identification of the property owner/seller and the real estate agent/broker with complete legal names and addresses
2. Background: Context of the agreement, including property owner's intention to sell/lease the property and appointment of the agent
3. Definitions: Key terms used throughout the agreement including 'Property', 'Commission', 'Closing', 'Gross Sale Price', etc.
4. Appointment and Authority: Formal appointment of the agent and scope of authority granted
5. Property Details: Description and identification of the subject property
6. Services to be Provided: Detailed description of services the agent will provide
7. Commission Structure: Commission rate, calculation method, and payment terms
8. Payment Terms: When and how commission payments will be made, including any staging of payments
9. Term and Termination: Duration of the agreement and conditions for termination
10. Agent's Obligations: Specific duties and responsibilities of the agent
11. Owner's Obligations: Specific duties and responsibilities of the property owner
12. Confidentiality: Provisions regarding confidential information handling
13. Governing Law: Specification of Pakistani law as governing law and relevant jurisdiction
14. Dispute Resolution: Process for resolving disputes between parties
15. Entire Agreement: Integration clause confirming the agreement represents the complete understanding between parties
1. Protection Period: Defines period after agreement termination during which agent may still be entitled to commission - include when standard market practice
2. Sub-Agents: Terms for appointment and management of sub-agents - include when sub-agents may be needed
3. Marketing Budget: Details of marketing expenses and cost allocation - include when specific marketing commitments are required
4. Multiple Listing Service: Terms for MLS listing if applicable - include when property will be listed on MLS
5. Force Majeure: Provisions for unforeseen circumstances - include when requested by parties
6. Insurance Requirements: Specific insurance requirements for agent - include for high-value properties
7. Cross-Border Transactions: Special provisions for international buyers - include when targeting international market
1. Schedule A - Property Description: Detailed description of property including location, dimensions, and specifications
2. Schedule B - Commission Rate Structure: Detailed breakdown of commission rates for different transaction types or values
3. Schedule C - Marketing Plan: Detailed marketing strategy and activities to be undertaken
4. Schedule D - Required Documentation: List of documents required for property transaction
5. Appendix 1 - Property Photos and Plans: Visual documentation of the property
6. Appendix 2 - Agent's Credentials: Agent's licenses, certifications, and qualifications
7. Appendix 3 - Service Level Standards: Detailed performance metrics and service standards
Authors
Agent
Authorized Representative
Business Day
Closing
Commission
Confidential Information
Effective Date
Exclusivity Period
Force Majeure Event
Gross Sale Price
Lease Transaction
Listing Period
Marketing Materials
Net Rental Value
Owner
Property
Protection Period
Prospective Buyer
Prospective Tenant
Purchase Price
Qualified Transaction
Real Estate Services
Sale Transaction
Service Fee
Sub-Agent
Successful Transaction
Term
Territory
Transaction Documents
Authority
Commission
Payment Terms
Services
Exclusivity
Term
Termination
Representations and Warranties
Confidentiality
Non-Competition
Marketing Rights
Property Access
Sub-Agency
Indemnification
Force Majeure
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Amendment
Severability
Waiver
Compliance with Laws
Insurance
Protection Period
Good Faith
Further Assurance
Costs and Expenses
Commercial Real Estate
Retail
Office Space
Industrial
Hospitality
Mixed-Use Development
Warehousing and Logistics
Healthcare Facilities
Educational Facilities
Shopping Centers and Malls
Real Estate
Legal
Business Development
Operations
Asset Management
Property Management
Facilities Management
Contract Administration
Finance
Risk Management
Compliance
Investment
Real Estate Agent
Commercial Property Broker
Property Manager
Real Estate Director
Business Development Manager
Commercial Property Lawyer
Property Portfolio Manager
Asset Manager
Facilities Manager
Real Estate Investment Manager
Commercial Property Consultant
Real Estate Operations Manager
Property Development Manager
Real Estate Transaction Manager
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