Real Estate Agent Contract With Seller Template for Pakistan

The Real Estate Agent Contract With Seller is a crucial document used in Pakistani property transactions to formalize the relationship between property owners and real estate professionals. This agreement is essential when a property owner wishes to engage a professional agent to market and sell their property in compliance with Pakistani law. The document typically includes detailed provisions about the agent's authority, commission structure, marketing strategies, and service obligations, while ensuring compliance with federal laws such as the Contract Act 1872 and provincial real estate regulations. It's particularly important in Pakistan's dynamic real estate market where clear terms of engagement help prevent disputes and ensure smooth property transactions. The contract protects both parties' interests by clearly defining responsibilities, commission terms, and the scope of the agent's authority to act on behalf of the seller.

1. Parties: Identification of the Property Seller and the Real Estate Agent/Agency, including full legal names, addresses, and registration details

2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into an agency relationship

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

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

5. Property Details: Complete description of the property being offered for sale, including location, dimensions, and title details

6. Agent's Services and Obligations: Detailed listing of all services to be provided by the agent, including marketing, showings, and negotiations

7. Seller's Obligations: Seller's responsibilities, including providing accurate information, maintaining the property, and cooperation requirements

8. Commission Structure: Detailed explanation of agent's commission, payment terms, and conditions for commission becoming due

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

10. Marketing Authorization: Seller's authorization for specific marketing activities and use of property information

11. Representations and Warranties: Standard representations by both parties regarding authority, property condition, and legal compliance

12. Dispute Resolution: Process for handling disagreements, including mediation and arbitration procedures

13. Governing Law: Specification of Pakistani law as governing law and relevant jurisdiction

14. General Provisions: Standard contractual provisions including notices, amendments, and severability