The Registration Agreement Between Broker And Owner serves as the foundational document governing the professional relationship between real estate brokers and property owners in the United States. This agreement is essential when a property owner wishes to engage a broker's services to market, sell, or lease their property. It protects both parties by clearly defining responsibilities, compensation terms, and the scope of services. The document must adhere to state-specific real estate regulations and federal laws such as RESPA and the Fair Housing Act. Typically used at the beginning of a broker-owner relationship, it establishes exclusivity periods, commission structures, and marketing commitments.
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1. Parties: Identification of the broker and property owner
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Details of broker's services and responsibilities
5. Term: Duration of the agreement
6. Commission Structure: Payment terms and conditions
7. Property Owner's Obligations: Responsibilities and warranties of the property owner
8. Termination: Conditions for ending the agreement
1. Marketing Plan: Specific marketing strategies to be employed by the broker for the property
2. Additional Services: Supplementary services offered by the broker beyond standard listing services
3. Property Management: Terms and conditions for property management services if provided by the broker
1. Property Description Schedule: Detailed description of the property including address, specifications, and features
2. Commission Schedule: Detailed breakdown of commission structures and payment terms
3. Marketing Materials: Samples or templates of marketing materials to be used
4. Required State Disclosures: State-mandated disclosure forms and documents
Relevant legal definitions
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