Real Estate
Real Estate Commission Agreement
Sales agreement defining realtor compensation, listing terms, marketing obligations, and commission structure for representing buyers or sellers in property transactions.
Key Clauses
1
Commission Rate
Specifies the percentage or flat fee payable upon successful sale.
2
Listing Terms
Defines the listing type (exclusive, open), duration, and renewal provisions.
3
Marketing Obligations
Details the agent's responsibilities for advertising and showing the property.
4
Payment Conditions
Establishes when commission is earned and payable (typically at closing).
5
Dual Agency Disclosure
Addresses situations where the agent represents both buyer and seller.
Use This Template
When You Need This
- Listing a property for sale and engaging a real estate agent
- A real estate agent formalizing commission terms with a property seller
- Establishing exclusive or open listing arrangements with clear commission terms
- Documenting marketing obligations and payment conditions before listing a property