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Agency Agreement (Real Estate) for Ireland

Agency Agreement (Real Estate) Template for Ireland

A comprehensive legal agreement governed by Irish law that establishes the formal relationship between a property owner and a licensed real estate agent/agency. The document complies with the Property Services (Regulation) Act 2011 and related Irish legislation, outlining the terms under which the agent will market, sell, or lease the property. It includes detailed provisions for agent responsibilities, commission structures, compliance requirements, and service specifications, while ensuring adherence to PSRA regulations and Irish consumer protection laws.

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Agency Agreement (Real Estate)

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What is a Agency Agreement (Real Estate)?

The Agency Agreement (Real Estate) is a crucial document used in the Irish property market to formalize the relationship between property owners and licensed real estate agents. This agreement is essential when a property owner wishes to engage a professional agent to market, sell, or lease their property. The document must comply with Irish legislation, particularly the Property Services (Regulation) Act 2011 and PSRA requirements. It typically includes comprehensive details about service scope, commission structures, marketing strategies, and regulatory compliance obligations. The agreement can be adapted for various property types, from residential to commercial, and can be structured as exclusive or non-exclusive arrangements. It serves as a protective mechanism for both parties by clearly defining responsibilities, limitations, and expectations while ensuring compliance with Irish property services regulations.

What sections should be included in a Agency Agreement (Real Estate)?

1. Parties: Identification of the Principal (property owner) and the Agent, including full legal names, addresses, and relevant registration/license numbers

2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into an agency relationship

3. Definitions: Key terms used throughout the agreement, including regulatory definitions from the Property Services (Regulation) Act 2011

4. Appointment and Scope of Authority: Details of agent's appointment, whether exclusive or non-exclusive, and extent of authority to act on behalf of the principal

5. Agent's Obligations: Comprehensive list of agent's duties, including regulatory compliance, marketing responsibilities, and reporting requirements

6. Principal's Obligations: Property owner's responsibilities, including providing accurate information and maintaining the property

7. Fees and Commission Structure: Detailed breakdown of all fees, commission rates, and payment terms

8. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party

9. Compliance with Regulations: Specific provisions ensuring compliance with PSRA regulations and other relevant legislation

10. Professional Indemnity Insurance: Details of required insurance coverage and limitations of liability

11. Data Protection and GDPR Compliance: Provisions for handling personal data in compliance with GDPR and Data Protection Act

12. Dispute Resolution: Procedures for handling disputes, including mediation and arbitration provisions

13. Governing Law: Confirmation that the agreement is governed by Irish law

What sections are optional to include in a Agency Agreement (Real Estate)?

1. Multiple Properties: Additional provisions when the agreement covers multiple properties - use when principal has more than one property to be managed

2. Sub-Agents: Terms governing the appointment and management of sub-agents - include when sub-agents may be needed

3. International Marketing: Specific provisions for marketing properties internationally - include for high-value properties or those targeting international buyers

4. Property Management Services: Additional terms for ongoing property management - include when agent will provide property management services

5. Online Marketing Specifications: Detailed provisions for digital marketing strategies - include when specific online marketing requirements exist

6. Energy Performance Requirements: Specific provisions regarding BER certificates and energy performance - include for properties requiring energy assessment

7. Anti-Money Laundering Procedures: Detailed AML procedures - include for high-value properties or complex ownership structures

What schedules should be included in a Agency Agreement (Real Estate)?

1. Schedule 1 - Property Details: Detailed description of the property/properties, including address, title details, and specific features

2. Schedule 2 - Fee Schedule: Comprehensive breakdown of all fees, commissions, and additional charges

3. Schedule 3 - Services Specification: Detailed list of services to be provided by the agent

4. Schedule 4 - Marketing Plan: Specific marketing activities and timeline

5. Schedule 5 - Required Documentation: List of all required documents, certificates, and regulatory filings

6. Appendix A - PSRA License Details: Copy of agent's PSRA license and relevant regulatory information

7. Appendix B - Insurance Certificates: Copies of relevant insurance certificates and coverage details

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Ireland

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions



































Clauses








































Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Property Management

Legal Services

Construction

Hospitality

Retail

Office Space Management

Relevant Teams

Legal

Compliance

Real Estate

Property Management

Sales

Business Development

Operations

Risk Management

Contract Administration

Client Services

Relevant Roles

Real Estate Agent

Property Manager

Legal Counsel

Compliance Officer

Property Services Director

Business Development Manager

Sales Director

Letting Agent

Property Consultant

Real Estate Broker

Commercial Property Manager

Contracts Manager

Risk Manager

Operations Director

Managing Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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