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Exclusive Agency Agreement Nsw Example

Are you looking for information on exclusive agency agreements in New South Wales? As a professional, I have put together this article to help guide you through the basics of what an exclusive agency agreement entails and provide an example of one.

What is an Exclusive Agency Agreement?

An exclusive agency agreement is a legal document that is used to appoint an agent to sell a property on behalf of a seller. The agreement gives the agent exclusive rights to sell the property within a specific period, and the seller agrees not to appoint any other agents during that time. In return, the agent agrees to market the property and find a buyer for the agreed-upon price.

The agreement typically includes details such as the commission rate the agent will receive, the length of the agreement, and any terms and conditions that both parties need to agree upon. Once both parties have signed the agreement, it becomes legally binding.

Exclusive Agency Agreement NSW Example

Here is an example of an exclusive agency agreement in New South Wales:

[insert name of agent] (the Agent), of [insert address], is appointed as the exclusive selling agent for [insert name of seller] (the Seller) for the property located at [insert property address] (the Property).

The term of this exclusive agency agreement is [insert length of agreement] from the date of signing. During this time, the Seller agrees not to appoint any other agents to sell the property.

The Agent agrees to use their best efforts to sell the Property for the asking price of [insert price], or such other price as may be agreed between the Seller and the Agent. The commission rate payable to the Agent is [insert commission rate], calculated on the sale price of the Property.

The Agent will market the Property through various channels, including online listings, print media, and in-person inspections. The Seller agrees to provide the Agent with all necessary information about the Property, including any defects or issues that may affect the sale.

If the Agent introduces a buyer who purchases the Property during the term of this exclusive agency agreement, the Seller agrees to pay the commission to the Agent.

Either party may terminate this agreement by giving [insert notice period] written notice to the other party.

This exclusive agency agreement represents the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between them.

Conclusion

If you are considering appointing an agent to sell your property in New South Wales, an exclusive agency agreement can provide you with the assurance that your property is being marketed effectively by a professional who has your best interests at heart. By following the example above, you can create a legally binding agreement that protects both you and the agent.

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