Broker Exclusive Agreement for United Arab Emirates

Broker Exclusive Agreement Template for United Arab Emirates

A legally binding agreement governed by UAE law that establishes an exclusive relationship between a property owner/seller and a licensed real estate broker. The agreement grants the broker sole and exclusive rights to market and facilitate the sale or lease of specified property for a defined period. The document complies with UAE Federal Law No. 39 of 2006 and RERA regulations, outlining commission structures, broker obligations, marketing commitments, and termination conditions while providing protection for both parties' interests in the UAE real estate market.

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What is a Broker Exclusive Agreement?

The Broker Exclusive Agreement is a crucial document in UAE real estate transactions, used when a property owner wishes to grant exclusive rights to a single broker for marketing and selling/leasing their property. This arrangement, regulated by UAE Federal Law No. 39 of 2006 and RERA regulations, provides clarity and protection for both parties while ensuring compliance with local real estate laws. The document typically includes detailed provisions about commission structures, marketing commitments, duration of exclusivity, and specific obligations of both parties. It's particularly important in the UAE market where multiple brokers often operate, as it helps avoid conflicts and ensures focused marketing efforts for the property.

What sections should be included in a Broker Exclusive Agreement?

1. Parties: Identification of the property owner/seller and the licensed real estate broker, including their full legal names, license numbers, and contact details

2. Background: Context of the agreement, including brief description of the property and the owner's intention to sell/lease through the broker

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Exclusive Period', 'Commission', 'Transaction', and other relevant terms

4. Appointment and Scope: Clear statement of the broker's exclusive appointment and detailed scope of services to be provided

5. Duration: Specific term of the exclusive agreement, including start and end dates

6. Broker's Rights: Detailed outline of the broker's exclusive rights during the term of the agreement

7. Broker's Obligations: Comprehensive list of broker's duties, marketing commitments, and service standards

8. Owner's Obligations: Owner's commitments, including providing necessary information and cooperation

9. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission becoming due

10. Property Details: Specific information about the property, including location, specifications, and pricing requirements

11. Termination: Conditions and procedures for early termination of the agreement

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts for dispute resolution

What sections are optional to include in a Broker Exclusive Agreement?

1. Protection Period: Section defining the period after agreement termination during which the broker remains entitled to commission for specific prospects - include when standard market practice

2. Marketing Plan: Detailed marketing strategy and commitments - include for high-value properties or when specifically requested

3. Sub-Agents: Terms for appointing and working with sub-agents - include when broker may need to collaborate with other agents

4. International Marketing: Specific provisions for international marketing efforts - include for luxury or investment-grade properties

5. Confidentiality: Detailed confidentiality obligations - include for high-profile clients or sensitive properties

6. Force Majeure: Provisions for unforeseen circumstances - include when requested or for longer-term agreements

What schedules should be included in a Broker Exclusive Agreement?

1. Schedule 1 - Property Details: Detailed description of the property, including title deed information, photos, and specifications

2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates for different transaction types and values

3. Schedule 3 - Marketing Plan: Detailed marketing strategy, timeline, and commitments

4. Schedule 4 - Broker's License and Credentials: Copies of broker's RERA license and other relevant certifications

5. Appendix A - Property Documentation: List of property documents provided by the owner

6. Appendix B - Approved Marketing Materials: Templates or samples of approved marketing materials and property listings

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant Industries

Real Estate

Property Development

Construction

Investment Management

Hospitality

Retail

Commercial Property

Residential Property

Industrial Property

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Operations

Property Management

Asset Management

Contract Administration

Relevant Roles

Real Estate Broker

Property Manager

Asset Manager

Legal Counsel

Contracts Manager

Business Development Manager

Sales Director

Property Developer

Investment Manager

Real Estate Agent

Compliance Officer

Operations Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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