An Agreement Between Landlord And Real Estate Agent is essential when a property owner wishes to engage professional real estate services for their property. This document, governed by U.S. federal and state real estate laws, establishes the scope of services, commission structures, and mutual obligations. It provides protection for both parties by clearly defining expectations, responsibilities, and compensation terms while ensuring compliance with relevant real estate regulations. This agreement is particularly important for establishing clear lines of authority, marketing responsibilities, and property management duties if included.
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1. Parties: Identification of the Landlord and Real Estate Agent with full legal names and addresses
2. Background: Context of the agreement and brief description of the property/properties involved
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided by the agent
5. Term and Termination: Duration of agreement and conditions for termination
6. Compensation: Fee structure, commission rates, and payment terms
7. Agent's Obligations: Specific duties and responsibilities of the agent
8. Landlord's Obligations: Specific duties and responsibilities of the landlord
9. Liability and Insurance: Risk allocation and insurance requirements
1. Property Management Services: Additional section detailing property management services when agent will manage property in addition to listing/leasing
2. Marketing Plan: Section outlining specific marketing strategies and commitments when specific marketing requirements need to be documented
3. Exclusive Rights: Section defining terms of exclusivity when agent has exclusive rights to lease/manage property
4. Performance Metrics: Section detailing specific performance targets and evaluation criteria when performance-based components are included
1. Schedule A - Property Details: Detailed description of property/properties covered by agreement
2. Schedule B - Fee Schedule: Detailed breakdown of all fees and commission structures
3. Schedule C - Services Scope: Detailed listing of all services to be provided
4. Appendix 1 - Required Forms: Standard forms used in leasing process
5. Appendix 2 - Marketing Materials: Samples or templates of marketing materials
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