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Legal AgreementsIndemnity & Compensation

Real Estate Commission Agreement

This Real Estate Commission Agreement outlines the terms and conditions under which a real estate agent receives commission for services rendered in a property transaction. It is used to formalize the financial arrangement between an agent and a client.

Updated 15d ago
real estatecommission agreementagency agreementpropertysalesbrokerage

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date of Agreement

This Agreement is made and entered into on this {{day}} day of {{month}}, {{year}}.

Parties to the Agreement

This Agreement is between:

**Agent:** {{agent_name}}, with a business address at {{agent_address}}, and holding real estate license number {{agent_license_number}}.

and

**Client:** {{client_name}}, with a residential/business address at {{client_address}}.

Property Details

The subject property for which the Agent services are retained is located at:

{{property_address}}

Legal Description (if available): {{legal_description}}

Services to be Rendered

The Agent agrees to provide real estate brokerage services regarding the {{sale_or_lease}} of the Property, including but not limited to, marketing, showing the property, negotiating offers, and facilitating the closing process.

Commission Structure

In consideration of the services provided by the Agent, the Client agrees to pay the Agent a commission of {{commission_percentage}}% of the final {{sale_price_or_total_lease_value}} (or a fixed amount of {{fixed_commission_amount}} {{currency}}).

Payment of Commission

The commission shall be due and payable upon the successful {{closing_of_sale_or_execution_of_lease_agreement}} of the Property. If the transaction does not close due to the fault of the Client, the commission may still be due as per the terms herein.

Term of Agreement

This Agreement shall commence on the date stated above and shall remain in effect until {{end_date_of_agreement}} or until the successful {{sale_or_lease}} of the Property, whichever occurs first, unless terminated earlier as per the terms of this Agreement.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of {{country_or_state}}.

Signatures

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

_____________________________

{{agent_name}}

Agent

_____________________________

{{client_name}}

Client

_____________________________

{{witness_name}}

Witness

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