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1. Parties: Identification of the principal and the broker, including full legal names, addresses, and registration details of the broker
2. Background: Context of the agreement, including the principal's intention to engage the broker and the broker's qualifications
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Exclusive Period', 'Commission', 'Successful Transaction'
4. Appointment and Scope: Explicit statement of exclusive appointment and detailed scope of brokerage services
5. Term and Exclusivity: Duration of the agreement and specific terms of exclusivity
6. Broker's Rights and Obligations: Detailed listing of broker's responsibilities, authority limits, and exclusive rights
7. Principal's Obligations: Principal's duties, including provision of information and cooperation requirements
8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission earning
9. Marketing and Promotion: Agreed marketing strategies, advertising responsibilities, and budget allocation
10. Confidentiality: Obligations regarding confidential information and trade secrets
11. Termination: Grounds for termination, notice requirements, and post-termination obligations
12. Dispute Resolution: Process for handling disputes, including jurisdiction and applicable law
13. General Provisions: Standard clauses including notices, amendments, assignment, and entire agreement
1. Protection Period: Used when the principal needs to specify a period after termination during which the broker remains entitled to commission for specific prospects
2. Sub-Agents: Include when the broker may need to appoint sub-agents, specifying terms and conditions
3. International Transactions: Required for brokers dealing with international clients or properties, addressing specific requirements and compliance
4. Digital Marketing Rights: Include when specific digital marketing strategies and online presence need to be detailed
5. Property Management Services: Add when the broker will provide additional property management services
6. Performance Targets: Include when specific performance metrics or targets are part of the agreement
7. Insurance Requirements: Add when specific insurance coverage needs to be maintained by either party
1. Schedule A - Property Details: Detailed description of properties covered under the agreement
2. Schedule B - Commission Structure: Detailed breakdown of commission rates for different types of transactions
3. Schedule C - Marketing Plan: Specific marketing strategies, timelines, and budgets
4. Schedule D - Broker's Credentials: Copies of broker's licenses, certifications, and professional memberships
5. Schedule E - Approved Marketing Materials: Templates and formats for marketing materials
6. Appendix 1 - Service Level Agreement: Detailed performance standards and service levels
7. Appendix 2 - Compliance Checklist: List of regulatory requirements and compliance measures
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