Fillable Printable 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.

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.

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?

Yes No

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:

AGENTS SELLERS