Commission Agreement (Real Estate) Template for India

1. Parties: Identification of the property owner/seller and the real estate agent/broker, including RERA registration details

2. Background: Context of the agreement, including property details and the parties' intention to enter into a commission-based arrangement

3. Definitions: Key terms used throughout the agreement including 'Commission', 'Property', 'Successful Transaction', 'Closing', etc.

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

5. Duration: Term of the agreement, including start date and end date or renewal provisions

6. Commission Structure: Detailed explanation of commission rates, calculation method, and payment terms

7. Payment Terms: Timing and method of commission payment, including conditions precedent for payment

8. Agent's Obligations: Detailed responsibilities and duties of the real estate agent

9. Owner's Obligations: Responsibilities and commitments of the property owner

10. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority

11. Termination: Conditions and process for ending the agreement

12. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

13. Notices: Process and addresses for formal communications between parties

1. Property Details: Detailed description of the property, including location, size, specifications, and amenities

2. Commission Rate Card: Detailed breakdown of commission rates for different transaction values or types

3. Marketing Plan: Specific marketing activities and timeline proposed by the agent

4. Required Documentation: List of necessary documents for property sale/lease

5. Agent's RERA Registration: Copy of agent's RERA registration certificate and other relevant licenses

6. Property Documents: List and copies of property ownership and legal documents