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The Real Estate Broker Agreement is essential for establishing a professional relationship between property owners and licensed real estate brokers in Ireland. This document is typically used when a property owner wants to engage a professional broker to market and sell or lease their property. The agreement must comply with the Property Services (Regulation) Act 2011 and be registered with the Property Services Regulatory Authority (PSRA). It covers crucial elements such as broker's duties, commission structures, marketing strategies, and term of representation. The document is particularly important as it provides legal protection for both parties and ensures compliance with Irish real estate regulations, including anti-money laundering requirements and consumer protection laws. The agreement can be adapted for various property types, from residential homes to commercial buildings, and can be structured as either an exclusive or non-exclusive arrangement.

1. Parties: Identifies the property owner/client and the licensed real estate broker, including their full legal names, addresses, and relevant license numbers

2. Background: Explains the context of the agreement, including the owner's desire to sell/lease the property and the broker's qualification to provide such services

3. Definitions: Defines key terms used throughout the agreement including Property, Services, Commission, and other relevant terms

4. Appointment and Scope of Services: Details the exclusive or non-exclusive appointment of the broker and comprehensive list of services to be provided

5. Term of Agreement: Specifies the duration of the agreement, including start date and end date or termination conditions

6. Broker's Obligations: Lists all duties and responsibilities of the broker, including marketing efforts, showing properties, and reporting requirements

7. Client's Obligations: Outlines the property owner's responsibilities, including providing accurate information and reasonable access to the property

8. Commission Structure: Details the fee structure, payment terms, and conditions under which commission becomes payable

9. Marketing and Advertising: Specifies the agreed marketing strategy and advertising approach for the property

10. Professional Standards: References compliance with PSRA regulations and professional standards

11. Confidentiality: Addresses the handling of confidential information and data protection requirements

12. Termination: Sets out the circumstances and process for terminating the agreement

13. Governing Law: Specifies that Irish law governs the agreement and jurisdiction for disputes