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Client Representation Agreement (Real Estate)
"I need a Client Representation Agreement (Real Estate) for our agency representing an NRI client looking to sell multiple residential properties in Mumbai, with a 12-month exclusive representation period starting March 2025."
1. Parties: Identification of the real estate agent/agency and the client with complete details as required by RERA
2. Background: Context of the agreement, including the client's intention to buy/sell/lease property and agent's RERA registration details
3. Definitions: Key terms used throughout the agreement including 'Services', 'Property', 'Commission', 'RERA', etc.
4. Scope of Services: Detailed description of services to be provided by the agent, including property search/marketing, negotiation, documentation assistance
5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party
6. Agent's Obligations: Specific responsibilities and duties of the agent, including RERA compliance requirements
7. Client's Obligations: Client's responsibilities, including providing accurate information and necessary documentation
8. Commission Structure: Detailed breakdown of agent's fees, payment terms, and conditions for commission eligibility
9. Confidentiality: Obligations regarding confidential information shared during the engagement
10. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority
11. Limitation of Liability: Extent and limitations of agent's liability for various circumstances
12. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law
13. General Provisions: Standard clauses including notices, entire agreement, amendments, and severability
1. Exclusive Agency Rights: Used when the agent is being appointed as an exclusive agent, preventing client from engaging other agents
2. Sub-Agency: Include when the agent may need to engage other licensed agents or sub-brokers
3. Marketing Budget and Plan: Required for seller representation agreements where specific marketing activities are planned
4. Property Management Services: Include when agent will provide additional property management services
5. International Property Services: Required when dealing with NRI clients or international properties
6. Digital Services: Include when providing virtual tours, online marketing, or other digital services
7. Force Majeure: Important in uncertain times, defining circumstances beyond parties' control
1. Schedule A - Service Details: Detailed breakdown of all services covered under the agreement
2. Schedule B - Commission Structure: Detailed fee structure, including different scenarios and payment terms
3. Schedule C - Property Requirements: For buyer representation, detailed criteria of property being sought
4. Schedule D - Property Details: For seller representation, complete details of property being sold
5. Schedule E - Required Documents: List of documents required from client for KYC and transaction purposes
6. Appendix 1 - RERA Compliance Checklist: Checklist ensuring compliance with RERA requirements
7. Appendix 2 - Agent's RERA Registration: Copy of agent's RERA registration certificate and details
8. Appendix 3 - Marketing Plan: Detailed marketing strategy and budget (if applicable)
Authors
Agent
Applicable Laws
Authority
Business Day
Client
Commission
Confidential Information
Effective Date
Exclusive Period
Force Majeure Event
Intellectual Property Rights
Marketing Materials
Parties
Property
Property Documentation
RERA
RERA Registration
Representatives
Services
Term
Territory
Transaction
Transaction Value
Working Hours
Sub-Agent
Marketing Plan
Listing Price
Purchase Price
Due Diligence
Earnest Money
Property Title
Encumbrances
Material Information
Property Requirements
Digital Services
Virtual Tour
Professional Fees
Success Fee
Termination Date
Notice Period
Scope of Services
Term and Duration
Exclusivity
Commission
Payment Terms
Agent Obligations
Client Obligations
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Compliance
Record Keeping
Marketing Rights
Property Access
Due Diligence
Sub-Contracting
Liability
Indemnification
Insurance
Force Majeure
Termination
Post-Termination Obligations
Assignment
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Waiver
Third Party Rights
Costs
Good Faith
Anti-Money Laundering
Authority
Real Estate
Property Development
Commercial Property
Residential Property
Industrial Property
Retail Property
Hospitality
Real Estate Investment
Property Management
Construction
Legal
Compliance
Sales
Business Development
Property Management
Client Relations
Marketing
Operations
Finance
Risk Management
Documentation
Real Estate Agent
Property Consultant
Real Estate Broker
Business Development Manager
Property Manager
Real Estate Legal Counsel
Compliance Officer
Real Estate Transaction Manager
Client Relationship Manager
Sales Director
Managing Director
Chief Executive Officer
Property Valuation Expert
Real Estate Marketing Manager
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