Real Estate Agent Agreement Template for Pakistan

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Key Requirements PROMPT example:

Real Estate Agent Agreement

"I need a Real Estate Agent Agreement for my commercial property in Lahore, Pakistan, with exclusive agency rights for a 6-month period starting January 2025, including specific provisions for international client marketing and digital promotion strategies."

Document background
The Real Estate Agent Agreement is a crucial document used in Pakistan's property market to formalize the relationship between property owners and real estate professionals. It is essential when engaging a real estate agent or agency to market, sell, or lease property, whether residential or commercial. The agreement must comply with Pakistan's federal and provincial real estate regulations, including the Real Estate Regulatory Authority Act and the Contract Act 1872. It typically includes detailed provisions on commission structures, service scope, marketing responsibilities, and compliance with local property laws. This document is particularly important in Pakistan's dynamic real estate market, where clear documentation of agency relationships helps prevent disputes and ensures professional standards in property transactions.
Suggested Sections

1. Parties: Identification of the property owner/seller and the real estate agent/agency, including complete contact details and registration numbers

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

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

4. Appointment and Scope: Formal appointment of the agent and detailed description of services to be provided

5. Agent's Obligations: Comprehensive list of agent's duties, responsibilities, and standard of service

6. Owner's Obligations: Property owner's responsibilities, including providing accurate information and necessary documentation

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

8. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party

9. Confidentiality: Obligations regarding confidential information and client privacy

10. Dispute Resolution: Process for handling disagreements, including jurisdiction and applicable law

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

Optional Sections

1. Exclusive Agency Rights: Used when the agent is granted exclusive rights to sell/lease the property

2. International Transactions: Additional provisions for dealing with international buyers/tenants

3. Marketing Budget: Specific arrangements for marketing expenses and cost sharing

4. Sub-Agents: Terms for appointing and working with sub-agents

5. Property Management: Additional terms if the agent will also provide property management services

6. Digital Marketing Rights: Specific provisions for online marketing and social media promotion

7. Force Majeure: Provisions for unforeseen circumstances affecting performance

8. Anti-Money Laundering Compliance: Specific provisions for compliance with AML regulations

Suggested Schedules

1. Property Details: Comprehensive description of the property, including location, size, features, and condition

2. Commission Schedule: Detailed breakdown of commission rates for different transaction types and values

3. Marketing Plan: Detailed marketing strategy and activities to be undertaken

4. Required Documentation: List of necessary documents and certificates required for the property transaction

5. Agent's Credentials: Copies of agent's licenses, certifications, and professional memberships

6. Service Level Agreement: Detailed performance metrics and service standards

7. Fee Schedule: Breakdown of any additional fees or charges beyond the commission

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 Industries

Real Estate

Property Development

Construction

Commercial Property

Residential Property

Retail

Hospitality

Industrial

Agriculture (for agricultural land)

Education (for institutional properties)

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Operations

Property Management

Asset Management

Contract Administration

Risk Management

Relevant Roles

Real Estate Agent

Property Manager

Real Estate Broker

Sales Director

Business Development Manager

Property Developer

Legal Counsel

Compliance Officer

Contract Manager

Real Estate Investment Manager

Asset Manager

Property Portfolio Manager

Real Estate Operations 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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