The Co-Listing Agent Agreement is essential in the UAE real estate market where collaborative property marketing arrangements are common, particularly for high-value properties or specialized market segments. This document is utilized when two licensed real estate agents or agencies wish to formally collaborate in marketing and selling specific properties, ensuring clear delineation of responsibilities and commission structures. The agreement must comply with UAE Federal Real Estate Laws and emirate-specific regulations, including RERA requirements in Dubai and Department of Municipalities and Transport regulations in Abu Dhabi. It typically includes detailed provisions for marketing strategies, client handling protocols, commission splitting arrangements, and compliance with local real estate regulations, making it a crucial tool for professional real estate operations in the UAE market.
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1. Parties: Identification of the co-listing agents/brokers including their license numbers and registration details as per UAE regulations
2. Background: Context of the agreement and confirmation of agents' qualifications and authority to act
3. Definitions: Key terms used in the agreement including 'Property', 'Commission', 'Territory', 'Listing Period' and other relevant terms
4. Appointment and Scope: Mutual appointment of agents and definition of their collective and individual responsibilities
5. Term and Termination: Duration of the co-listing arrangement and conditions for termination
6. Commission Structure: Details of commission rates and split between agents, payment terms and conditions
7. Marketing and Promotion: Agreed marketing strategy, cost sharing, and branding requirements
8. Responsibilities and Obligations: Specific duties of each agent including showing properties, client communication, and documentation
9. Exclusivity Terms: Terms regarding exclusive rights and territorial restrictions if any
10. Confidentiality: Protection of confidential information and client data
11. Compliance Requirements: Obligations to comply with UAE real estate laws, RERA regulations, and anti-money laundering requirements
12. Dispute Resolution: Process for resolving disputes between agents including applicable jurisdiction
13. General Provisions: Standard contractual terms including notices, amendments, and governing law
1. International Marketing: Additional terms for international property marketing and cross-border transactions
2. Luxury Property Provisions: Special terms for luxury properties including additional marketing requirements and client service standards
3. Digital Marketing Rights: Specific terms for online marketing, social media, and digital platforms
4. Sub-Agency Provisions: Terms governing the appointment and management of sub-agents
5. Property Management: Terms for ongoing property management services if offered
6. Special Client Requirements: Additional terms for specific client categories (e.g., VIPs, corporate clients)
7. Force Majeure: Provisions for unforeseen circumstances affecting the agreement
1. Schedule 1 - Property Details: Specific details of properties covered under the agreement
2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates, splits, and payment terms
3. Schedule 3 - Marketing Plan: Detailed marketing strategy and budget allocation
4. Schedule 4 - Service Level Agreement: Specific performance metrics and service standards
5. Schedule 5 - Approved Marketing Materials: Templates and guidelines for marketing materials
6. Appendix A - Required Documentation: List of required documents and forms as per UAE regulations
7. Appendix B - Contact Information: Detailed contact information for all parties and key personnel
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