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Real Estate Broker Contract With Seller Template for Hong Kong

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Key Requirements PROMPT example:

Real Estate Broker Contract With Seller

"I need a Real Estate Broker Contract with Seller for an exclusive 6-month listing of my luxury residential property in Hong Kong's Peak district, with a minimum asking price of HKD 150 million and provisions for international marketing."

Document background
The Real Estate Broker Contract With Seller is a crucial document in Hong Kong's property market, designed to formalize the relationship between property sellers and licensed real estate brokers. It is used when a property owner wishes to engage a professional broker to market and sell their property, whether residential or commercial. The document must comply with Hong Kong's Estate Agents Ordinance and the Estate Agents Authority's regulations, which set strict requirements for broker conduct and documentation. This contract typically includes detailed provisions for commission rates, marketing authorization, property information, broker obligations, and seller warranties. It serves as both a legal safeguard and a practical framework for the property sale process, ensuring transparency and professional standards in accordance with Hong Kong law.
Suggested Sections

1. Parties: Identification of the seller and the licensed real estate broker/agency, including license numbers and contact details

2. Background: Context of the agreement and brief description of the property to be sold

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Listing Period', 'Commission', 'Exclusive Agency' vs 'Non-exclusive Agency'

4. Appointment and Scope of Services: Terms of broker appointment and detailed description of services to be provided

5. Duration of Agreement: Listing period, termination conditions, and any renewal provisions

6. Broker's Obligations: Detailed responsibilities including marketing efforts, showing property, negotiating offers, and compliance with regulations

7. Seller's Obligations: Responsibilities including providing accurate information, property access, and cooperation with the broker

8. Commission Structure: Commission rates, payment terms, and conditions for commission becoming due

9. Property Information: Detailed description of the property and its current condition

10. Marketing Authorization: Permission to advertise and market the property, including use of photos and information

11. Representations and Warranties: Statements about property ownership, authority to sell, and condition of property

12. Confidentiality: Obligations regarding confidential information and personal data protection

13. Termination: Grounds for termination and consequences

14. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction

Optional Sections

1. Dual Agency Provisions: Required when the broker may potentially represent both seller and buyer

2. Property Management: Optional section for cases where the broker will manage the property until sale

3. International Marketing: Additional terms for marketing the property to international buyers

4. Special Conditions: For unique property features or seller requirements

5. Post-Sale Services: Additional services to be provided after sale agreement

6. Force Majeure: Provisions for unexpected events affecting the agreement

7. Language: Required when agreement is bilingual (Chinese and English)

Suggested Schedules

1. Schedule 1 - Property Details: Comprehensive description of property, including lot number, floor area, fixtures and fittings

2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates, including any sliding scales or special circumstances

3. Schedule 3 - Marketing Plan: Detailed marketing strategy and advertising commitments

4. Schedule 4 - Property Documentation: List of all property-related documents provided by seller

5. Appendix A - Required Forms: Standard forms required by the Estate Agents Authority

6. Appendix B - Property Photographs: Approved photographs and floor plans for marketing

7. Appendix C - Seller's Disclosure Statement: Mandatory disclosure of property condition and known issues

Authors

Alex Denne

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

Relevant legal definitions



























Clauses






























Relevant Industries

Real Estate

Property Development

Legal Services

Property Management

Real Estate Investment

Professional Services

Residential Property

Commercial Property

Relevant Teams

Legal

Real Estate Operations

Sales

Compliance

Property Management

Business Development

Contract Administration

Risk Management

Transaction Processing

Relevant Roles

Real Estate Agent

Property Broker

Estate Agent

Legal Counsel

Property Manager

Compliance Officer

Sales Director

Business Development Manager

Property Services Manager

Contract Administrator

Real Estate Operations Manager

Property Sales Executive

Legal Risk Manager

Real Estate Transaction Coordinator

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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