The Real Estate Broker Contract serves as the foundational document governing the relationship between real estate professionals and their clients in the United States. This agreement is essential for defining the terms of service, establishing commission structures, and ensuring compliance with both federal and state-specific real estate regulations. The contract typically includes provisions for listing or buying services, marketing commitments, agency relationships, and commission terms. It's designed to protect both parties' interests while maintaining compliance with jurisdictional requirements and professional standards.
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1. Parties: Identifies the broker and client, including full legal names and contact details
2. Background: Context of the agreement and basic premises
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services the broker will provide
5. Term and Termination: Duration of agreement and conditions for termination
6. Compensation: Commission structure and payment terms
7. Agency Relationship: Defines the type of agency relationship and related duties
8. Representations and Warranties: Standard promises made by each party
1. Dual Agency Provisions: Required if broker might represent both sides in a transaction
2. Property Management Services: Additional services related to property management when broker provides these services
3. Marketing Plan: Specific marketing strategies and commitments for listing agreements
4. International Considerations: Provisions for international clients or properties in cross-border transactions
1. Schedule A - Property Details: Specific property information and specifications
2. Schedule B - Commission Schedule: Detailed breakdown of commission structures
3. Schedule C - Marketing Plan: Detailed marketing strategy and timeline
4. Appendix A - Required State Disclosures: State-mandated disclosure forms
5. Appendix B - Agency Disclosure Form: Standard agency relationship disclosure
Relevant legal definitions
Agreement
Broker
Client
Commission
Effective Date
Exclusive Right to Sell
Exclusive Agency
Listing Period
Property
Purchase Price
Listing Price
Agency Relationship
Dual Agency
Multiple Listing Service (MLS)
Brokerage Services
Marketing Services
Closing
Closing Date
Earnest Money
Fiduciary Duties
Governing Law
Licensed Activities
Net Proceeds
Professional Services
Real Estate Transaction
Term
Territory
Transaction Documents
Working Days
Business Hours
Clauses
Agency Relationship
Scope of Services
Compensation
Term and Duration
Termination
Exclusivity
Marketing Services
Commission Payment
Property Listing
Confidentiality
Representations and Warranties
Indemnification
Insurance
Dispute Resolution
Governing Law
Force Majeure
Assignment
Amendments
Notices
Severability
Entire Agreement
Multiple Listing Service
Dual Agency
Property Access
Professional Standards
Compliance
Fair Housing
Client Cooperation
Disclosure Requirements
Marketing Authorization
Relevant Industries
Relevant Teams
Relevant Roles
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