Agent Contract Template Format
Terms and Conditions of Business, Fees
1. THIS IS A SOLE AGENCY/MULTIPLE AGENCY
AGREEMENT BETWEEN:
__________________________________________
(the ‘Agents’)
and
__________________________________________
(the ‘Seller’)
The Property will be marketed at an initial
asking price of
£_______________________________
(The asking price is not a valuation but a figure for
marketing purposes)
______% commission will be charged by the
Agents if earned under the terms of this
contract, which is calculated as
£________________________+VAT.
Or
A fixed fee of £__________________ will be
charged by the Agents if earned under the
terms of this contract.
Total amount due to Agents for a successful
sale under this agreement
£_______________________
IMPORTANT NOTICE
This is a legal document. Please take time to read
it carefully and ask any questions relating to the
terms and conditions below before signing.
2. TYPE OF AGENCY
(a) Sole Agency
Where the Agents act on the Seller’s behalf as
sole agents, the Seller will be liable to pay
remuneration to the Agents, in addition to any
other costs or charges agreed, if at any time
unconditional contracts for sale of the property
are exchanged with a Buyer introduced by the
Agents during the period of their sole agency or
with whom the Agents had negotiations about the
property during that period, or, with a Buyer
introduced by another agent during that period.
The Agents will be able to claim the agreed
commission for a period of 6 months after expiry
of the sole agency agreement, if a Buyer,
introduced during the sole agency period goes on
to purchase the property within 6 months of
expiry of the agreement.
Termination of sole agency
Either party can terminate a sole agency at any
time by giving 5 days notice, which should be
confirmed in writing.
DOUBLE COMMISSION WARNING
If any other agent introduces a Buyer to the Seller
during the period of the sole agency agreement,
this will be regarded as an introduction by the
Agent and the Seller will have to pay the Agent’s
agreed fee, as well as the other agent.
(b) Multiple Agency
For the purposes of this contract, multiple agency
means that the Seller can instruct several estate
agents to act on a multiple agency basis. Only the
successful agent who introduces the Buyer or has
negotiations with the Buyer will be entitled to
commission fees.
Termination of multiple agency
Either party can terminate a multiple agency at
any time by either party by giving 5 days notice in
writing.
(c) Private Buyers
There is no fee payable if the Seller finds their own
Buyer. However, please note that a Buyer will be
deemed as introduced by the Agent if a Buyer
finds out that the property is for sale by seeing the
ESTATE AGENTS CONTRACT
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