Compare contracts – Experienced real estate agents know which components a legally valid and transparent contract must contain. However, every client has individual ideas about the service, as well as the individual contract contents and the service provision in general. To ensure that your contract is valid and legally binding without disregarding the specific wishes of the client, we recommend that you take a look at various sample contracts. Samples are also very helpful when it comes to drawing up contracts and will save you a lot of time.
Simple brokerage contract, sole contract or qualified sole contract
You would like to hire a real estate agent and influence the form of the contract? With your knowledge of the possibilities according to the sample contract you have a possibility to choose a concrete contract form from the beginning and to find the best solution for you in the agreement.
You don’t have to rely primarily on the real estate agent presenting you with a contract, entering your data and having you sign it. The better informed you are and the more familiar you are with the various forms of contract, the easier it will be for you to commission the real estate agent you have chosen with the services that are relevant to you and to benefit from a transparent contract.
Compare samples and find the perfect contract form
Do you want to use a simple brokerage contract, a sole brokerage contract or a qualified sole brokerage contract? Owners who hire a real estate agent for the first time are not informed about the differences between the individual contract options and should accordingly get an overview before agreeing on the contract. You can, of course, opt for a competency consultation with a real estate agent, but if you do your research and gain basic knowledge beforehand, you are guaranteed to make the best contract decision.
The comparison of the various samples shows you what the differences between the three contract models are based on and what you need to consider in each case. You can also ask for the samples to be sent to the real estate agent of your choice and find out about the options before concluding your contract.
Model of the sole mandate
If you want to have your property brokered by an estate agent, but do not want to give up your own options, we recommend that you take a closer look at the sample sole contract. You should refrain from using a qualified sole contract, as this excludes the fact that you reserve the right to sell as a private owner.
If you make a private sale during the period of the brokerage because, for example, a prospective buyer contacts you personally, this action will result in a claim for damages that you pay to the broker in the case of a qualified exclusive contract.
An important reason for looking at a sample contract are the revocation conditions. Are all the wordings correct? Is the amount of the brokerage fee in line with the previous agreements and how long does the brokerage contract run for? You can send all this information as a sample and thus easily make changes if you do not completely agree with the explanations in the contract or discover an error.
Every brokerage contract must comply with the legal requirements for content, execution and form. As an owner, you do not need to know the requirements for a legally valid brokerage contract, but you should be aware of the forms.
This is how you accelerate the conclusion of the contract!
Before you sign a binding agreement, you can find out about the contract components by comparing the various samples that have been tested. Some real estate agent contracts are very thick and extensive, while other samples are shorter and more specific. It may be worthwhile to include all the details relevant to you in a sample contract before actually drafting the contract and submit it to your trusted real estate agent.
If the basics are clarified and your desired details of the services are available, you will speed up the conclusion of the contract and have the certainty that the agent will act for you more quickly and that your property will therefore be sold more quickly. Many real estate agents generally present their clients with a sample before signing a contract and ask that all entries and services requested by the client be reviewed. As the client, you can request to be given a sample and take the time to carefully review the sample contract and have any desired changes made.
Sample contract before regular brokerage contract!
Your decision to use the professional services of a real estate agent is the right one. You save a lot of time, whether you want to sell, rent or search for a property. Since with an estate agent contract you enter into a legally binding relationship for the provision of a service, we recommend that you draw up a sample contract in advance.
The regular signing of the contract obligates you to keep your end of the bargain and fulfill the terms of the contract. This applies to both the real estate agent and the owner signing the contract. Consider a sample pre-contract, which is ideal for reviewing the dates, contracted services, and contract term, as well as the commission agreement. If you agree with the sample, the actual conclusion of the contract takes place and your commissioned real estate agent will take care of your order.
Broker contract: tips and help
You want to sell a house or an apartment, have no experience in the real estate market and want to avoid mistakes at all costs? Then you are well advised to use the comprehensive services of an estate agent and simplify the time-consuming and complex sale of your residential property. When you hire an agent, you don’t have to factor the sale of your property into your schedule, as all tasks are handled directly by your real estate agent and carried out in your best interest.
Tasks of a broker
Basically, a real estate agent fulfils all tasks that are important before and during the sales and rental phase. He creates an exposé, determines the market value of your property, advertises your property and is then the interface between you and interested parties. While the creation and publication of an advertisement is a time-consuming but unique task, answering customer enquiries is part of the daily business of an estate agent.
Commission for the broker – The most important regulations
More than 80 percent of all properties for sale or rent are brokered. This means that the owner commissions a real estate agent to advertise the offer and to carry out all tasks up to the conclusion of the contract on his behalf. Professional brokerage is a service that is agreed between the client and the real estate agent. After the service has been rendered, a commission, the so-called brokerage fee, is due. Who pays the commission depends on the type of commission and the reason for the commission. If you sell your property through an estate agent, the buyer usually pays. In the case of lettings, the buyer principle has applied since 2015, so that the invoice recipient and commission payer is identical to the person who has commissioned a brokerage service.
