Broker Listing Agreement Template for Indonesia

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Key Requirements PROMPT example:

Broker Listing Agreement

"I need a Broker Listing Agreement for a luxury apartment complex in Jakarta, with an exclusive listing period of 12 months starting March 1, 2025, including international marketing provisions and a 5% commission structure."

Document background

The Broker Listing Agreement is a crucial document in Indonesian real estate transactions, used when a property owner wishes to engage a professional broker or agency to market and sell/lease their property. This agreement type is essential for establishing clear terms of engagement between the parties and protecting their respective interests. The document typically includes detailed provisions about the property, listing terms, commission structures, and marketing authorizations, all compliant with Indonesian regulations including the Civil Code (KUHPerdata) and Ministry of Trade requirements. It's particularly important in Indonesia's growing real estate market where professional brokerage services are increasingly utilized for both residential and commercial properties. The agreement can be exclusive or non-exclusive, depending on whether the owner wishes to work with multiple brokers, and must address specific local requirements for property transactions.

Suggested Sections

1. Parties: Identification of the property owner/seller and the broker/brokerage firm, including complete legal names, addresses, and registration numbers

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

4. Appointment and Authority: Terms of broker appointment and scope of authority granted by the owner

5. Property Details: Comprehensive description of the property being listed, including address, title details, and registration information

6. Listing Terms: Details of the listing period, asking price/rental rate, and type of listing (exclusive or non-exclusive)

7. Broker's Obligations: Detailed responsibilities and duties of the broker in marketing and facilitating the sale/lease of the property

8. Owner's Obligations: Responsibilities and commitments of the property owner during the listing period

9. Commission Structure: Details of broker's commission, including rate, calculation method, and payment terms

10. Marketing Authorization: Permission for specific marketing activities and use of property information/images

11. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination

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

13. Dispute Resolution: Process for resolving disputes between parties

14. Execution: Signature blocks and execution details

Optional Sections

1. Protection Period: Terms regarding commission payment if the property is sold after the listing period to a buyer introduced during the listing period - include when using an exclusive listing

2. Multiple Listing Service: Terms for listing the property on multiple listing services - include when MLS services are available and will be used

3. Virtual Tours and Digital Marketing: Specific terms regarding virtual tours and digital marketing strategies - include for properties where virtual tours will be created

4. International Marketing: Additional terms for marketing to international buyers - include when targeting international market

5. Property Management: Terms regarding temporary property management services during the listing period - include when broker will provide property management services

6. Dual Agency: Terms governing situations where the broker represents both buyer and seller - include where dual agency is permitted

7. Special Conditions: Any unique terms specific to the property or circumstances - include when there are unusual features or requirements

Suggested Schedules

1. Schedule A - Property Details: Detailed description of the property, including lot size, building specifications, amenities, and included fixtures

2. Schedule B - Marketing Plan: Detailed marketing strategy and activities to be undertaken by the broker

3. Schedule C - Commission Schedule: Detailed breakdown of commission structures, including any sliding scales or special circumstances

4. Schedule D - Property Documents: List of all property-related documents provided by the owner

5. Schedule E - Property Images: Approved photographs and visual materials for marketing purposes

6. Appendix 1 - Power of Attorney: If required, specific powers granted to the broker for certain transactions

7. Appendix 2 - Property Condition Report: Current condition of the property at time of listing

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality

Mixed-Use Development

Property Investment

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Operations

Property Management

Asset Management

Contract Administration

Risk Management

Relevant Roles

Real Estate Broker

Property Manager

Sales Director

Business Development Manager

Legal Counsel

Contract Manager

Property Owner

Real Estate Agent

Compliance Officer

Managing Director

Real Estate Investment Manager

Asset Manager

Property Developer

Facilities Manager

Operations Manager

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Broker Contract

An Indonesian law-governed agreement establishing terms and conditions for brokerage services, including commission structure and compliance requirements.

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Let's create your Broker Listing Agreement

Authors

Alex Denne

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