The Real Estate Listing Contract is a crucial document used in Indonesian property transactions when a property owner wishes to engage a professional real estate agent or broker to market and sell/lease their property. This document is essential for establishing clear terms of engagement, defining the scope of the agent's authority, and protecting both parties' interests under Indonesian law. It includes specific provisions required by local regulations, including compliance with the Basic Agrarian Law (UUPA) and relevant real estate agency regulations. The contract typically covers listing duration, commission structures, marketing authorizations, and obligations of both parties. It's particularly important in Indonesia due to specific local property ownership rules, registration requirements, and the need for clear documentation of agency relationships in property transactions.
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1. Parties: Identification of the property owner(s) and the real estate agent/broker, including complete legal names, addresses, and registration numbers
2. Background: Brief context explaining the owner's intention to sell/lease the property and appointment of the agent
3. Definitions: Key terms used throughout the agreement including Property, Listing Period, Commission, Listing Price, etc.
4. Appointment and Authority: Formal appointment of the agent and scope of authority granted
5. Property Details: Complete description of the property being listed, including address, certificate details, and registered size
6. Listing Terms: Specific terms including listing price, listing period, and type of listing (exclusive or non-exclusive)
7. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission earning
8. Agent's Obligations: Comprehensive list of services and duties the agent must perform
9. Owner's Obligations: Property owner's responsibilities and commitments during the listing period
10. Marketing Authorization: Permissions for advertising, photography, and promotion of the property
11. Term and Termination: Duration of the agreement and conditions for early termination
12. Governing Law: Specification of Indonesian law as governing law and jurisdiction
13. Signature Block: Space for parties to execute the agreement with witnesses if required
1. Protection Period: Section defining post-termination period where commission may still be payable, used in exclusive listing arrangements
2. Multiple Owners: Additional provisions when property has multiple owners, defining authority and payment arrangements
3. Foreign Ownership Provisions: Special terms when the property owner is foreign or property has foreign ownership restrictions
4. Property Management: Additional terms if agent will provide property management services during listing
5. Digital Marketing Provisions: Specific terms for online marketing and social media promotion
6. Force Majeure: Provisions for unforeseen circumstances affecting the listing agreement
7. Dispute Resolution: Detailed procedures for handling disputes, including mediation or arbitration options
1. Property Details Schedule: Detailed description of property including lot size, building specifications, amenities, and conditions
2. Commission Schedule: Detailed breakdown of commission structures, including any sliding scales or special arrangements
3. Marketing Plan: Detailed marketing strategy and activities to be undertaken by the agent
4. Property Documents: List of all relevant property certificates, permits, and legal documents
5. Property Photographs: Official photographs of the property approved for marketing use
6. Property Disclosure Statement: Owner's disclosure of property condition and known issues
7. Service Level Agreement: Detailed breakdown of specific services to be provided by the agent
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Property Management
Legal Services
Construction
Financial Services
Investment Management
Hospitality
Retail
Relevant Teams
Legal
Real Estate
Sales
Compliance
Risk Management
Business Development
Property Management
Marketing
Documentation
Operations
Relevant Roles
Real Estate Agent
Property Manager
Legal Counsel
Contract Manager
Business Development Manager
Sales Director
Property Owner
Real Estate Broker
Compliance Officer
Real Estate Transaction Manager
Property Consultant
Real Estate Marketing Manager
Documentation Specialist
Risk Manager
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