Agency Listing Agreement Template for Indonesia

The Agency Listing Agreement is a crucial document in Indonesian real estate transactions, used when a property owner wishes to engage a professional real estate agency to market and sell/lease their property. This agreement, governed by Indonesian law including the Civil Code (KUHPerdata) and relevant real estate regulations, establishes the formal agency relationship and outlines all essential terms of the engagement. The document typically includes detailed provisions about the property, commission structures, marketing strategies, and the parties' respective rights and obligations. It serves as the primary reference point for the agency relationship and helps prevent potential disputes by clearly documenting all agreed terms. The Agency Listing Agreement is particularly important in the Indonesian context as it provides a framework compliant with local property laws and business practices while protecting the interests of both the property owner and the appointed agency.

1. Parties: Identification of the property owner (Principal) and the real estate agency (Agent), including their complete legal names, addresses, and registration details

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

3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Listing Period', 'Commission', 'Exclusive Rights', etc.

4. Appointment and Scope: Terms of the agent's appointment and detailed scope of services to be provided

5. Duration: Period of the listing agreement, including start date and end date

6. Agent's Rights and Obligations: Detailed listing of the agent's responsibilities, including marketing efforts, showing the property, and reporting obligations

7. Owner's Rights and Obligations: Owner's responsibilities, including providing accurate information, maintaining the property, and cooperating with showings

8. Commission Structure: Detailed explanation of commission rates, when commission becomes payable, and payment terms

9. Marketing and Advertising: Specific terms regarding marketing strategy, approved methods, and cost allocation

10. Property Access: Terms governing access to the property for viewings and inspections

11. Confidentiality: Provisions regarding confidential information and its handling

12. Termination: Conditions and process for terminating the agreement

13. Governing Law: Specification of Indonesian law as governing law and jurisdiction

14. Dispute Resolution: Process for resolving disputes between parties

15. Notices: Methods and addresses for formal communications between parties

16. General Provisions: Standard legal provisions including severability, entire agreement, and amendments