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The real estate brokerage contract is a civil service act that contains a series of clear data that establish the rights and obligations of the parties.
A real estate transaction normally takes place between two natural and / or legal entities. The real estate transaction is concluded following the signing of the contract of sale with the notary. So far the process is relatively simple and everything seems very easy. In reality, things are different and we will explain why.
It often happens that the people involved in the real estate field (sellers, buyers, etc.) do not have enough experience and training on everything that means the whole process. Real estate agents use their knowledge and experience with real estate to help the people involved in the transaction. They will ensure that each party involved is satisfied with the choice made, and in exchange for working with them, they will enjoy a trading commission.
Because some people did not keep their word, and in exchange for the help they received, they did not offer the promised commission to the agency or the real estate agent, the real estate brokerage contract was finally created.
What is a real estate brokerage contract?
This real estate brokerage contract is "the obligation of the intermediary to the client to put him in touch with a third party, in order to conclude a contract.".
This document is signed between the real estate service provider and the client. The contract provides for the rights and obligations of each party. The real estate agent is entitled to remuneration from the client only if the action is completed with a completed transaction, as a result of his intervention.
What are the benefits of a real estate brokerage contract?
obliges both parties to honor their commitments;
ensure transparency between the parties involved in signing the contract;
ensures the quality of communication between the parties as well as the security of the transactional process.
What are the provisions of the real estate brokerage contract?
real and accurate party identification data, including tax information;
the object of the contract and the nature of the service provided;
the price requested by the owner or which is willing to be paid by the buyer / renter, as well as if it is negotiable;
the term of validity of the contract and the conditions under which it is automatically extended;
the conditions under which the brokerage contract may be terminated unilaterally;
the special circumstances in which the brokerage agreement may be terminated;
the maximum level of the commission due by the consumer to the real estate agency for the contract to be concluded;
the exclusivity clause, if accepted by the parties, as well as its conditions, which must be mentioned together with the obligations of both parties;
specifying the situations in which the consumer owes or not a commission to the real estate agency;
any other rights and obligations of the parties, specific to each individual situation;
force majeure situations and their effects;
the date of concluding the real estate brokerage contract;
the exact specification of the situations in which the commission must be paid, its value and the method of payment.
A real estate transaction normally takes place between two natural and / or legal entities. The real estate transaction is concluded following the signing of the contract of sale with the notary. So far the process is relatively simple and everything seems very easy. In reality, things are different and we will explain why.
It often happens that the people involved in the real estate field (sellers, buyers, etc.) do not have enough experience and training on everything that means the whole process. Real estate agents use their knowledge and experience with real estate to help the people involved in the transaction. They will ensure that each party involved is satisfied with the choice made, and in exchange for working with them, they will enjoy a trading commission.
Because some people did not keep their word, and in exchange for the help they received, they did not offer the promised commission to the agency or the real estate agent, the real estate brokerage contract was finally created.
What is a real estate brokerage contract?
This real estate brokerage contract is "the obligation of the intermediary to the client to put him in touch with a third party, in order to conclude a contract.".
This document is signed between the real estate service provider and the client. The contract provides for the rights and obligations of each party. The real estate agent is entitled to remuneration from the client only if the action is completed with a completed transaction, as a result of his intervention.
What are the benefits of a real estate brokerage contract?
obliges both parties to honor their commitments;
ensure transparency between the parties involved in signing the contract;
ensures the quality of communication between the parties as well as the security of the transactional process.
What are the provisions of the real estate brokerage contract?
real and accurate party identification data, including tax information;
the object of the contract and the nature of the service provided;
the price requested by the owner or which is willing to be paid by the buyer / renter, as well as if it is negotiable;
the term of validity of the contract and the conditions under which it is automatically extended;
the conditions under which the brokerage contract may be terminated unilaterally;
the special circumstances in which the brokerage agreement may be terminated;
the maximum level of the commission due by the consumer to the real estate agency for the contract to be concluded;
the exclusivity clause, if accepted by the parties, as well as its conditions, which must be mentioned together with the obligations of both parties;
specifying the situations in which the consumer owes or not a commission to the real estate agency;
any other rights and obligations of the parties, specific to each individual situation;
force majeure situations and their effects;
the date of concluding the real estate brokerage contract;
the exact specification of the situations in which the commission must be paid, its value and the method of payment.
