Estate Agents Contract Template printable pdf download

ESTATE AGENTS CONTRACT

Terms and Conditions of Business, Fees

remuneration to the Agents, in addition to any

other costs or charges agreed, if at any time

unconditional contracts for sale of the property

1. THIS IS A SOLE AGENCY/MULTIPLE AGENCY

are exchanged with a Buyer introduced by the

AGREEMENT BETWEEN:

Agents during the period of their sole agency or

with whom the Agents had negotiations about the

__________________________________________

property during that period, or, with a Buyer

(the ‘Agents’)

introduced by another agent during that period.

and

The Agents will be able to claim the agreed

__________________________________________

commission for a period of 6 months after expiry

of the sole agency agreement, if a Buyer,

(the ‘Seller’)

introduced during the sole agency period goes on

to purchase the property within 6 months of

The Property will be marketed at an initial

expiry of the agreement.

asking price of

Termination of sole agency

£_______________________________

Either party can terminate a sole agency at any

(The asking price is not a valuation but a figure for

time by giving 5 days notice, which should be

marketing purposes)

confirmed in writing.

______% commission will be charged by the

DOUBLE COMMISSION WARNING

Agents if earned under the terms of this

contract, which is calculated as

If any other agent introduces a Buyer to the Seller

during the period of the sole agency agreement,

£________________________+VAT.

this will be regarded as an introduction by the

Agent and the Seller will have to pay the Agent’s

agreed fee, as well as the other agent.

A fixed fee of £__________________ will be

(b) Multiple Agency

charged by the Agents if earned under the

terms of this contract.

For the purposes of this contract, multiple agency

means that the Seller can instruct several estate

Total amount due to Agents for a successful

agents to act on a multiple agency basis. Only the

sale under this agreement

successful agent who introduces the Buyer or has

negotiations with the Buyer will be entitled to

£_______________________

commission fees.

IMPORTANT NOTICE

Termination of multiple agency

This is a legal document. Please take time to read

Either party can terminate a multiple agency at

it carefully and ask any questions relating to the

any time by either party by giving 5 days notice in

terms and conditions below before signing.

writing.

2. TYPE OF AGENCY

(a) Sole Agency

There is no fee payable if the Seller finds their own

Buyer. However, please note that a Buyer will be

Where the Agents act on the Seller’s behalf as

deemed as introduced by the Agent if a Buyer

sole agents, the Seller will be liable to pay

finds out that the property is for sale by seeing the

Estate Agents Contract Template

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