Real Estate Broker Agreement Template for Belgium

The Real Estate Broker Agreement is a crucial document used in the Belgian real estate market to formalize the professional relationship between licensed real estate agents and their clients. It is essential for compliance with Belgian regulatory requirements, including the Law of 11 February 2013 on the Organization of the Profession of Real Estate Agent and the Professional Institute of Real Estate Agents (IPI/BIV) regulations. This agreement is used when property owners wish to engage a professional broker to market and sell/lease their property, detailing commission structures, service scope, and obligations while ensuring compliance with anti-money laundering regulations and data protection laws. The document serves as both a legal protection and operational framework for all parties involved in Belgian property transactions.

1. Parties: Identification of the broker and the client, including full legal names, addresses, and registration details (including broker's IPI/BIV number)

2. Background: Context of the agreement, including brief description of the client's requirements and broker's services

3. Definitions: Key terms used throughout the agreement, including specific real estate terminology

4. Scope of Services: Detailed description of the broker's services, including property marketing, showing properties, negotiation assistance, and documentation preparation

5. Broker's Obligations: Professional duties, including duty of care, confidentiality, and compliance with IPI/BIV regulations

6. Client's Obligations: Client's responsibilities, including providing accurate information and necessary documentation

7. Commission Structure: Clear specification of broker's fees, payment terms, and conditions for commission earning

8. Duration and Exclusivity: Term of the agreement and whether the broker has exclusive rights

9. Termination: Conditions and procedures for ending the agreement by either party

10. Data Protection and Privacy: GDPR compliance provisions regarding handling of personal data

11. Anti-Money Laundering Compliance: Client identification requirements and AML procedures

12. Professional Insurance: Details of broker's professional liability insurance coverage

13. Governing Law and Jurisdiction: Confirmation of Belgian law application and competent courts