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1. Parties: Identification of the property owner/seller and the real estate agent/broker, including full legal names and addresses
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Property Details: Comprehensive description of the property being listed, including address and legal description
5. Appointment and Authority: Grant of authority to the agent to market and sell the property, including specific powers and limitations
6. Listing Price and Terms: Agreed listing price and acceptable terms of sale
7. Duration of Agreement: Term of the listing agreement, including start and end dates
8. Agent's Obligations: Detailed responsibilities of the agent including marketing efforts, showing the property, and reporting requirements
9. Owner's Obligations: Property owner's responsibilities, including maintaining the property and providing necessary information
10. Commission Structure: Details of agent's compensation, including commission rate and payment terms
11. Termination Rights: Conditions under which either party may terminate the agreement
12. Protection Period: Post-termination period during which the agent may still be entitled to commission
13. Governing Law: Specification that Nigerian law governs the agreement
14. Dispute Resolution: Process for resolving any disputes between the parties
15. Entire Agreement: Confirmation that the document represents the complete agreement between parties
1. Multiple Listing Service: Terms for listing the property on MLS systems, used when MLS services are available
2. Digital Marketing Rights: Specific terms for online marketing and social media promotion, important for modern marketing strategies
3. International Marketing: Additional terms for marketing to international buyers, relevant for high-end or unique properties
4. Property Management: Terms for managing the property during the listing period, relevant for vacant properties
5. Dual Agency: Terms governing situations where the agent represents both buyer and seller
6. Environmental Matters: Special provisions for properties with environmental considerations or requirements
7. Security Deposit: Terms for handling security deposits if required for property showings
8. Force Majeure: Provisions for unforeseen circumstances affecting the agreement's performance
1. Schedule A - Property Description: Detailed property description including boundaries, fixtures, and fittings
2. Schedule B - Marketing Plan: Detailed marketing strategy and activities to be undertaken by the agent
3. Schedule C - Commission Schedule: Detailed breakdown of commission structures and payment terms
4. Schedule D - Property Photographs: Official photographs of the property approved for marketing use
5. Appendix 1 - Property Documents: List of all property documents provided by the owner
6. Appendix 2 - Property Condition Report: Detailed report on the current condition of the property
7. Appendix 3 - Required Disclosures: Mandatory disclosures required under Nigerian law
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