Residential Listing Agreement Template for Indonesia

The Residential Listing Agreement serves as the primary legal instrument for formalizing the relationship between property owners and real estate agents in Indonesia's residential property market. This document is essential when a property owner wishes to engage a professional real estate agent or agency to market and sell their residential property. It includes crucial details such as the property specifications, listing duration, commission structures, and marketing rights, while ensuring compliance with Indonesian property laws and regulations. The agreement protects both parties' interests by clearly defining their respective rights, obligations, and responsibilities throughout the listing period. Real estate professionals must ensure the agreement aligns with local property regulations, the Basic Agrarian Law, and relevant Ministry of Trade regulations governing real estate transactions in Indonesia.

1. Parties: Identification of the property owner(s) and the real estate agency/agent, including their complete legal names, addresses, and registration numbers

2. Background: Brief context explaining the owner's intention to sell/lease the property and appointment of the agent

3. Definitions: Key terms used throughout the agreement including 'Property', 'Listing Period', 'Listing Price', 'Commission', etc.

4. Property Details: Complete description of the property including address, certificate number, land size, building size, and other relevant details

5. Appointment and Authority: Terms of the agent's appointment and scope of authority to market and show the property

6. Listing Period: Duration of the listing agreement, including start and end dates

7. Listing Price: Agreed listing price or price range for the property

8. Commission Structure: Details of the agent's commission, including percentage or fixed amount, and payment terms

9. Marketing Rights and Obligations: Agent's rights and responsibilities regarding property marketing and advertising

10. Owner's Obligations: Property owner's responsibilities including property access, information provision, and cooperation

11. Termination: Conditions and procedures for early termination of the agreement

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

13. Execution: Signature blocks and execution requirements