REAL ESTATE AGENT AGREEMENT.
This Real Estate Agent Agreement (hereinafter referred to as the “Agreement”) is
entered into on this ________ day of __________ 20__by and between
___________________ (hereinafter referred to as the “Estate Agent”), and
____________________ (hereinafter referred to as the “Seller”). Together referred
to as “parties.”
WHEREAS the parties agree to be mutually bound by the terms and obligations
provided hereunder; –
1. Purpose.
Parties agree that the Estate Agent will look for and bring potential buyers to the
Seller, who shall then have an agreement with them.
2. Term.
The parties agree that the provisions of this agreement shall be for a period of six
months from the date of signing hereof.
3. Commission.
The parties agree that the Estate Agent’s compensation shall be ______% of the
purchase price.
The commission shall be paid within seven working days after the Seller and the
Buyer have signed their agreement.
The agreed payment method shall be by ___________________.
4. Governing Law.
This agreement shall be governed and interpreted in accordance with the laws of the
state of Michigan.
5. Dispute Resolution.
If there arises any dispute regarding the provisions of this agreement, the same shall
be negotiated in the first instance between the parties; if it fails, the argument shall
be taken to litigation in accordance with the applicable laws.
The parties shall cater to their legal costs.
6. Termination.
Parties agree to the following reasons to cause termination of the terms herein; –
i. Failure to cooperate upon agreement
ii. After the expiry of the 6-month length from the agreement with the seller
unless parties have agreed to extend the contract.
iii. When All parties show no interest in the sale of the property within 14 days of
the agreement.
7. Non-Disclosure.
The parties acknowledge that during the performance of their obligations under this
agreement, they will come into contact with confidential information, trade secrets,
and intellectual property which they acknowledge and agree not to disclose to any
third parties without the prior written consent from the other party.
8. Modification.
The parties herein may only modify or amend the terms by the same being reduced
into writing and signed by both parties willingly.
9. Waiver.
The parties agree that no waiver of the rights under this agreement shall be
construed as a continuing waiver or as consent to any future or subsequent
breaches.
10. Entire Agreement.
This agreement constitutes the entire agreement between the parties herein and
supersedes any prior oral or written agreements or promises.
11. Severability.
Suppose any provision of this agreement is deemed invalid or unenforceable by a
court of competent jurisdiction. In that case, the same shall be severed from this
agreement, and the remaining provisions shall continue in existence and full force
and effect.
12. Acceptance.
By the parties signing herein below, they accept to be legally bound by the terms and
provisions of this agreement.
Signed by the Estate Agent: –
Name:
_____________________________
Signature:
__________________________
Date:
______________________________
Signed by the Seller: –
Name:
_____________________________
Signature:
__________________________
Date:
______________________________
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