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Fillable Printable Agent Contract Template Format

Fillable Printable Agent Contract Template Format

Agent Contract Template Format

Agent Contract Template Format

Terms and Conditions of Business, Fees
1.THIS IS A SOLE AGENCY/MULTIPLE AGENCY
AGREEMENT BETWEEN:
__________________________________________
(the ‘Agents’)
and
__________________________________________
(the ‘Seller’)
The Property will be marketed at an initial
asking price of
£_______________________________
(The asking price is not a valuation but a figure for
marketing purposes)
______% commission will be charged by the
Agents if earned under the terms of this
contract, which is calculated as
£________________________+VAT.
Or
A fixed fee of £__________________ will be
charged by the Agents if earned under the
terms of this contract.
Total amount due to Agents for a successful
sale under this agreement
£_______________________
IMPORTANT NOTICE
This is a legal document. Please take time to read
it carefully and ask any questions relating to the
terms and conditions below before signing.
2.TYPE OF AGENCY
(a)Sole Agency
Where the Agents act on the Seller’s behalf as
sole agents, the Seller will be liable to pay
remuneration to the Agents, in addition to any
other costs or charges agreed, if at any time
unconditional contracts for sale of the property
are exchanged with a Buyer introduced by the
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
introduced by another agent during that period.
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,
introduced during the sole agency period goes on
to purchase the property within 6 months of
expiry of the agreement.
Termination of sole agency
Either party can terminate a sole agency at any
time by giving 5 days notice, which should be
confirmed in writing.
DOUBLE COMMISSION WARNING
If any other agent introduces a Buyer to the Seller
during the period of the sole agency agreement,
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.
(b)Multiple Agency
For the purposes of this contract, multiple agency
means that the Seller can instruct several estate
agents to act on a multiple agency basis. Only the
successful agent who introduces the Buyer or has
negotiations with the Buyer will be entitled to
commission fees.
Termination of multiple agency
Either party can terminate a multiple agency at
any time by either party by giving 5 days notice in
writing.
(c)Private Buyers
There is no fee payable if the Seller finds their own
Buyer. However, please note that a Buyer will be
deemed as introduced by the Agent if a Buyer
finds out that the property is for sale by seeing the
ESTATE AGENTS CONTRACT
Agent’s ‘For Sale’ board or any other form of
advertising such as internet marketing or email
notification that the property is for sale.
(d) Sub Agency Agreements
In circumstances where the Agents wish to enter
into sub-agency agreements, the Seller must be
notified in writing.
3. FOR SALE BOARDS
The Agents ask permission to erect display
boards at the property to assist in the marketing
of the property. Any such boards will comply with
the Town and Country Planning (Control of
Advertisements) Regulations 1987, as amended.
The Seller consents that the Agents may erect a
For Sale board at the property
The Agent accepts liability for any claim arising
under these Regulations in connection with the
board, unless the action arises as a result of a
further board being put up by another agent.
4.FEES
(a)Fees Payable for sole/multiple Agency
Commission fees are payable as a result of the
circumstances outlined in general condition 2
above. Fees are due at completion of the sale.
(b)Responsibility of Fees
The responsibility for the payment of these fees
remains with the Sellers named above.
Under the terms and conditions of this
agreement, the Sellers are obliged to meet the
payment schedule.
5.EXPENSES
No additional expenses will be charged by the
Agents unless agreed with the Seller, in writing.
Any agreement will include an itemised
breakdown of costs.
6.OFFERS
The Agent will, promptly and accurately, forward
all offers received from potential Buyers at any
time up until contracts have been exchanged,
unless the offer is of an amount or type which the
Seller has specifically instructed the Agents, in
writing, not to pass on. A written or computerised
record of all offers received will be kept (including
the date and time such offers were received and
the client’s response). This record will be available
to the Seller on request.
7.ACCESS TO PREMISES
If the Agent holds the keys to the property, the
Agent must accompany any viewings of that
property, unless the Agent and Seller agree
otherwise in writing. If the Agent is arranging for
someone to view an occupied property, the Agent
must agree the arrangements with the occupier
beforehand.
If access to the property is required by a person
on behalf of the Buyer (eg surveyor, builder,
tradesman), and the Agent is unable to
accompany that person, this must be made clear
to the Seller beforehand and his express
permission obtained.
8.DISCLOSURE REQUIREMENTS
The Estate Agents Act 1979
Under the Act, the Agent must disclose whether
they have a personal interest in the property.
Does the Agent or estate agency have any
personal interest in the property?
YesNo
Describe this personal interest
_________________________________________
_________________________________________
_________________________________________
_________________________________________
_________________________________________
9.PROPERTY MIS-DESCRIPTION ACT 1991
The Agent will take all reasonable steps to make
sure that all statements, whether written or oral,
about the property, are accurate and not
misleading. The written details (Sales Particulars)
must be sent to the Seller for them to confirm that
the details are accurate.
10.DISCRIMINATION
The Agent will not discriminate against any person
under the definitions of the Sex Discrimination Act
1975 or the Race Relation Act 1976.
The Agent will not discriminate, or threaten to
discriminate against any prospective Buyer of the
Seller’s property because that person refuses to
agree that the Agent will (directly or indirectly)
provide services to them.
Discrimination includes:
Failing to tell the client of an offer to buy the
property.
Telling the client of an offer less quickly than other
offers that have been received.
Misrepresenting the nature of the offer or that of
rival offers.
Giving details of properties for sale first to those
who have indicated they are prepared to let the
Agent provide services to them.
Making it a condition that the person wanting to
buy the property must use any other service
provided by the Agent or anyone else.
11.CODE OF CONDUCT
We are a member of _____[trade association]
and have agreed to abide by its code of good
conduct.
YOU SHOULD NOT SIGN THIS AGREEMENT UNLESS YOU AGREE TO THESE TERMS
Signed:Signed:
AGENTSSELLERS
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