ESTATE AGENT Clause Samples
The ESTATE AGENT clause defines the role and responsibilities of the estate agent involved in a property transaction. It typically specifies which party has appointed the agent, outlines the agent’s authority to act on behalf of the client, and may address the payment of commission or fees. This clause ensures that all parties are clear about the agent’s involvement and obligations, thereby preventing disputes over representation or compensation during the sale or purchase process.
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ESTATE AGENT. The Purchaser acknowledges that the Agent recorded in paragraph J of the Schedule was the only agent who introduced him to the Development and that he was not introduced to the Development by any other agent. If this Agreement is cancelled as a result of the Purchaser's breach, the Purchaser shall be liable to the Agent for its agreed commission.
ESTATE AGENT. The firm …………………………
ESTATE AGENT. The Purchaser warrants that they were not introduced to the Vendor or the property by or through the medium of any real estate agent or any employee of any real estate agent or any
ESTATE AGENT. 1.13.1 The estate agent
1.13.2 The estate agency appointed by the Seller namely:
1.13.3 The Commission payable by the Seller (inclusive of VAT) %
ESTATE AGENT. Should an Estate Agent mandated by the Seller be the effective cause of the transaction between the Seller and the Purchaser in terms hereof, the Seller will be liable for the payment of commission owing to such Estate Agent in accordance with the terms and conditions agreed between the Seller and the Estate Agent concerned.
ESTATE AGENT. 1.13.1 The estate agent
1.13.2 The estate agency appointed by the Seller namely:
ESTATE AGENT. The Estate Agent acts on behalf of the seller to sell the property. They will prepare a set of details which must be accurate by law. They will negotiate the sale between the buyer and seller and any specific terms. The Estate Agent will prepare a Memorandum of Sale giving details of the buyer, the seller, their conveyancers, the price and any specific terms which is sent to all parties to the transaction. Exchange of Contracts – Each contract is in two identical copies and each of the parties (seller & buyer) signs a copy. When everyone is ready to commit, they are exchanged (swapped over). So that each side has a copy signed by the other showing that the deal has been struck. They are not binding until exchanged. The conveyancers exchange contracts on the telephone. If there is a chain the solicitors for everybody in the whole chain “exchanges Financial Advisor – The Financial Advisor is usually responsible for arranging the mortgage or finance to purchase the property and will often arrange any life insurance, mortgage protection insurance etc. Fixtures and Fittings List – This is a list of items that will remain/be taken from the Property. This is completed by the Seller and a copy is attached to each part of the Contract and is legally binding. Freehold – This is the legal term for the way that an owner holds the property. The other terms are Leasehold and Commonhold. With freehold land the owner owns the property/land outright subject only to any mortgages, charges, easements, covenants etc. shown by the deeds.
ESTATE AGENT. The agency mandated by the SELLER, duly registered with the ASSOCIATION, namely: Name of ESTATE AGENCY: ....................................................................................................
ESTATE AGENT. The Estate Agency is: The name of the Estate Agent (if applicable) is: Telephone (work): Mobile : E-mail address : Agent’s Commission in the amount of 6% inclusive of VAT at 15% shall be payable by the Seller to the Estate Agency mentioned above upon registration of transfer of the property into the name of the Purchaser. In the event that the Purchaser was referred to the Estate Agency mentioned above by another estate agent, the referring estate agent shall be entitled to 50% of the abovementioned 6% commission.
ESTATE AGENT. The Estate Agent is