When signing a contract (which is an exclusive agency contract), it is important to remember that everything is negotiable. The agreement protects the interests of both parties by clarifying the details of the real estate transaction, including: the receiving party may only disclose the disclosed party`s confidential information to those of its employees or contractors who need to know that information. In addition, before disclosing such confidential information to any such personnel or subcontractor, such personnel or contractor shall be informed of the confidentiality of the confidential information and shall establish a confidentiality agreement that contains or is already bound by the terms of this Agreement. An exclusive listing agreement (also known as an exclusive sales right agreement) gives a real estate agent exclusive sales rights for a certain period of time. Your elected real estate agent will act on your behalf to sell the property at the best possible price. You may waive or waive your right to a cooling-off period by serving a separate waiver form when signing the agreement. (h) the preparation and maintenance and timely transmission of all documents and reports reasonably necessary from time to time to be prepared, maintained or submitted, including, but not limited to: (i) a database containing information on current and potential customers whose database is to be held at all times by the company; (ii) a quarterly report on current and potential customers; actual or current orders, competing products, commercial conditions in the territory and related business, (iii) a quarterly marketing plan and (iv) a written forecast of the number of products that should be ordered in the [insert number in words] ([insert period]) of the monthly period submitted to the company before the beginning of each calendar quarter. The same applies when you use the standard clauses for residential or rural agency contracts. To learn more about our recommended standard clauses for residential and rural agency contracts, click here. Remember that the real estate agent works for you, the seller, and you pay him for his services.
Make sure you are satisfied with their approach before you decide to sign an agreement with them. If you are unsure of the terms of the agency contract, call an independent legal advisor. (b) make available to the agent a demonstration unit for each product whose demonstration units must belong to the undertaking at all times; Real estate agencies can use standard clauses in their agency contracts. These clauses validated by REA protect you by: The agent may ask you to pay for advertisements, auction fees, cleaning, decoration or landscaping, if this is stipulated in the agreement. Within the framework of an exclusive agency, a sales agent has the right to receive, at the time of sale of the property and in accordance with the terms of an agreement, the agreed commission or any other reward, whether or not the seller is the actual reason for the sale. . . .