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1. Parties: Identifies and provides full details of the buyer and the estate agent/agency, including registration numbers and contact information
2. Background: Explains the context of the agreement - that the buyer wishes to engage the agent to assist in finding and purchasing property
3. Definitions: Defines key terms used throughout the agreement, including 'Property Requirements', 'Agency Period', 'Commission', etc.
4. Appointment and Scope: Formally establishes the agency relationship and details the specific services the agent will provide
5. Duration: Specifies the term of the agreement, including start date and termination conditions
6. Agent's Obligations: Lists the agent's duties, including property search, negotiations, and professional conduct requirements
7. Buyer's Obligations: Outlines the buyer's responsibilities, including providing accurate information and cooperation
8. Commission Structure: Details the agent's compensation, payment terms, and conditions for commission eligibility
9. Confidentiality: Addresses the handling of confidential information and privacy obligations
10. Termination: Specifies conditions and procedures for ending the agreement
11. General Terms: Includes standard contractual provisions like notices, entire agreement, and governing law
1. Dual Agency: Required when the agent may potentially represent both buyer and seller, outlining how conflicts will be managed
2. International Buyers: Include for non-resident buyers, addressing specific requirements and restrictions for foreign property ownership
3. Mortgage Contingency: Include when the buyer requires financing, outlining the agent's role in the mortgage process
4. Property Management: Optional section for cases where the agent will provide property management services post-purchase
5. Digital Communications: Specific provisions for electronic communications and virtual property viewings
6. FICA Compliance: Detailed section on Financial Intelligence Centre Act compliance requirements for high-value transactions
1. Schedule A - Property Requirements: Detailed specification of the buyer's property requirements, preferences, and search criteria
2. Schedule B - Commission Structure: Detailed breakdown of commission calculations, payment terms, and examples
3. Schedule C - Excluded Properties: List of properties already viewed or excluded from the agreement
4. Appendix 1 - Required Documentation: Checklist of documents required from the buyer for FICA compliance and property transactions
5. Appendix 2 - Agency Disclosure: Standard form disclosures required under South African real estate regulations
6. Appendix 3 - Service Level Agreement: Detailed breakdown of specific services and response times promised by the agent
Real Estate
Property Development
Legal Services
Financial Services
Property Investment
Construction
Property Management
Residential Property
Commercial Property
Legal
Real Estate
Compliance
Sales
Business Development
Property Management
Contract Administration
Risk Management
Client Services
Estate Agent
Property Practitioner
Real Estate Broker
Legal Counsel
Property Lawyer
Compliance Officer
Real Estate Manager
Property Investment Advisor
Contract Administrator
Real Estate Director
Property Consultant
Sales Manager
Business Development Manager
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