Property Broker Agreement Template for Indonesia

The Property Broker Agreement is a crucial document used in Indonesian real estate transactions to formalize the relationship between property owners and professional brokers. This agreement is essential when property owners wish to engage professional services for marketing and selling/leasing their properties in compliance with Indonesian regulations. It addresses key aspects such as broker authorization, commission structures, marketing responsibilities, and compliance with local real estate laws. The document is designed to align with Indonesian Civil Code requirements and specific regulations governing real estate brokerage, including Minister of Trade Regulation No. 33/M-DAG/PER/8/2008. It provides protection for both parties by clearly defining rights, obligations, and compensation terms while ensuring adherence to local property transaction requirements.

1. Parties: Identification of the property owner and the broker, including complete legal names, addresses, and business registration details

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

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Closing', 'Marketing Materials'

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

5. Broker's Rights and Obligations: Detailed responsibilities including marketing, showing property, negotiating, reporting requirements

6. Property Owner's Rights and Obligations: Owner's responsibilities including providing accurate information, access to property, cooperation requirements

7. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission earning

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Confidentiality: Obligations regarding confidential information and property details

10. Representations and Warranties: Statements of fact and promises by both parties

11. Liability and Indemnification: Allocation of risks and responsibilities between parties

12. Governing Law and Dispute Resolution: Applicable law and method for resolving disputes

13. General Provisions: Standard clauses including notices, amendments, entire agreement, severability