Real Estate Consulting Agreement Template for United States

The Real Estate Consulting Agreement is essential for formalizing professional consulting arrangements in the U.S. real estate sector. This document is typically used when a property owner, developer, or investor seeks specialized expertise for property-related decisions, market analysis, or strategic planning. The agreement, governed by both federal and state laws, clearly defines the consultant's role, responsibilities, and deliverables while protecting both parties' interests. It includes crucial elements such as scope of services, compensation structure, confidentiality provisions, and compliance requirements with relevant real estate regulations. The document is particularly important in ensuring compliance with state-specific licensing requirements and federal regulations such as RESPA, while providing a clear framework for the consulting relationship and risk allocation between parties.

1. Parties: Identifies the consultant and client, including their legal names, addresses, and any relevant professional licenses

2. Background: Explains the context of the agreement, including the client's need for real estate consulting services and the consultant's qualifications

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation

4. Scope of Services: Details the specific consulting services to be provided, including any limitations or exclusions

5. Term and Termination: Specifies the duration of the agreement and conditions for early termination by either party

6. Fees and Payment Terms: Outlines the compensation structure, payment schedule, and any reimbursable expenses

7. Obligations of the Consultant: Lists the consultant's duties, professional standards, and delivery expectations

8. Obligations of the Client: Specifies the client's responsibilities, including providing necessary information and access

9. Confidentiality: Establishes obligations regarding the protection of confidential information shared during the engagement

10. Intellectual Property: Addresses ownership and usage rights of any work product or materials created during the consultation

11. Representations and Warranties: States the parties' assertions about their capacity and authority to enter into the agreement

12. Limitation of Liability: Sets boundaries on the consultant's liability and any limitations on damages

13. Insurance: Specifies required insurance coverage to be maintained by the consultant

14. General Provisions: Contains standard legal clauses including governing law, notices, and entire agreement provisions