Estate Agent Contract Template for Pakistan

The Estate Agent Contract is a fundamental document used in Pakistani real estate transactions to formalize the relationship between property owners and professional real estate agents. This agreement is essential when a property owner wishes to engage a licensed agent to market, sell, or lease their property. It encompasses crucial elements such as the agent's scope of authority, commission rates, marketing responsibilities, and compliance with local real estate regulations. The document is designed to align with Pakistani legal requirements, including provincial Real Estate Regulatory Authority guidelines, the Transfer of Property Act 1882, and relevant property laws. It provides protection for both parties by clearly defining their rights, obligations, and the terms of their professional relationship.

1. Parties: Identification of the property owner (Principal) and the estate agent (Agent), including full legal names, addresses, and registration details

2. Background: Brief context of the agreement, including the property owner's intention to sell/lease the property and the agent's qualifications

3. Definitions: Key terms used throughout the agreement including 'Property', 'Commission', 'Exclusive Agency', 'Listing Period', etc.

4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the property owner

5. Property Details: Specific details of the property being listed, including address and description

6. Agent's Obligations: Detailed responsibilities of the agent including marketing, showing property, negotiating, etc.

7. Principal's Obligations: Property owner's responsibilities including providing accurate information and access to the property

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

9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

10. Confidentiality: Obligations regarding confidential information of both parties

11. Governing Law: Specification that Pakistani law governs the agreement and relevant jurisdiction

12. Dispute Resolution: Process for resolving any disputes between parties