Real Estate Broker Contract Template for Denmark

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Key Requirements PROMPT example:

Real Estate Broker Contract

I need a Real Estate Broker Contract for my luxury apartment complex in Copenhagen, with specific provisions for international marketing and a tiered commission structure based on achieving sales targets by March 2025.

What is a Real Estate Broker Contract?

The Real Estate Broker Contract serves as the foundational document for establishing a professional relationship between licensed real estate brokers and their clients in Denmark. This contract is essential for compliance with Danish real estate regulations, particularly the Ejendomsmæglerlov and related consumer protection laws. It is typically used when property owners seek to engage a professional broker for selling or leasing their property, or when buyers require representation in property transactions. The document encompasses crucial elements such as service scope, commission structures, marketing strategies, and legal obligations, while ensuring transparency and protection for all parties involved. It reflects specific Danish market practices and regulatory requirements, making it distinct from real estate agreements in other jurisdictions.

What sections should be included in a Real Estate Broker Contract?

1. Parties: Identification of the real estate broker and the client (seller/buyer), including business registration numbers, addresses, and contact details

2. Background: Context of the agreement, including the property details and purpose of the brokerage relationship

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Scope of Services: Detailed description of the broker's services, including marketing, viewings, negotiations, and documentation handling

5. Broker's Obligations: Legal and professional obligations of the broker, including duty of care, confidentiality, and compliance with Danish real estate regulations

6. Client's Obligations: Requirements for the client, including providing accurate information and necessary documentation

7. Commission and Fees: Structure and terms of payment, including commission rates, payment timing, and reimbursable expenses

8. Duration and Termination: Term of the agreement, notice periods, and conditions for termination

9. Confidentiality: Provisions regarding handling of confidential information and personal data in compliance with Danish law

10. Liability and Insurance: Extent of broker's liability, professional indemnity insurance, and limitation of liability provisions

11. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for dispute resolution

What sections are optional to include in a Real Estate Broker Contract?

1. Dual Agency: Required when the broker may represent both buyer and seller, outlining how conflicts of interest will be managed

2. Additional Services: Used when the broker provides services beyond standard brokerage, such as property management or consultancy

3. International Aspects: Included when dealing with international clients or cross-border transactions

4. Marketing Budget: Detailed marketing plan and budget allocation when specific marketing campaigns are agreed upon

5. Property Management: Added when the broker provides temporary property management services

6. Success Fee: Optional performance-based compensation structure in addition to standard commission

What schedules should be included in a Real Estate Broker Contract?

1. Property Details Schedule: Comprehensive description of the property, including address, land registry details, and physical characteristics

2. Commission Structure: Detailed breakdown of commission calculations, including examples and special circumstances

3. Marketing Plan: Detailed marketing strategy, channels, and timeline

4. Service Level Agreement: Specific performance metrics and service standards

5. Required Documentation Checklist: List of necessary documents and certificates required for the property sale

6. Price Analysis: Market analysis and pricing strategy documentation

7. Compliance Documentation: Copies of broker's licenses, insurance certificates, and other regulatory compliance documents

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Property Development

Legal Services

Financial Services

Construction

Property Management

Professional Services

Residential Property

Commercial Property

Relevant Teams

Legal

Real Estate

Sales

Compliance

Business Development

Property Management

Contracts Administration

Risk Management

Operations

Relevant Roles

Real Estate Agent

Property Broker

Real Estate Manager

Property Manager

Legal Counsel

Compliance Officer

Sales Director

Business Development Manager

Contract Manager

Property Developer

Real Estate Partner

Transaction Manager

Real Estate Consultant

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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