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Property Agent Commission Agreement

Document Type
Microsoft Word (Editable)
Pages
3
Price: KES 200
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Document Overview

A Property Agent Commission Agreement is a legally binding contract between a property owner (seller/landlord) and a real estate agent or broker that outlines the agent’s role in marketing, selling, leasing, or renting out a property in exchange for a commission.

Key Components:
1. Parties Involved
2. Property Details
3. Appointment of the Agent
4. Scope of Agent’s Services
5. Commission Terms
6. Duration and Termination
7. Dispute Resolution
8. Governing Law
9. General Provisions
10. Signatures

Purpose of a Property Agent Commission Agreement:
1. Protecting the Agent’s Right to Commission
2. Providing Legal Clarity
3. Avoiding Disputes
4. Ensuring Transparency in Transactions
5. Preventing Unethical Practices
6. Enhancing Professionalism in Real Estate Transactions

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