AGENCY AGREEMENT CHECKLIST ================================================================ Property: ______________________________________________ Date: ______________________ THE FEE ------- [ ] Percentage or fixed fee, stated with tax shown separately and as a cash example [ ] What the fee is calculated on: the agreed price, or the price actually achieved [ ] Whether the fee changes at different price levels [ ] When the fee becomes payable: on exchange, on completion, or on introduction of a buyer [ ] Any fee payable even if the sale does not complete [ ] Withdrawal or abortive fees, and what triggers them TYPE OF AGREEMENT ----------------- (The name matters less than what the clause actually says.) [ ] Whether the agency is sole, joint, multiple or sole selling rights [ ] Whether a fee is owed if you find a buyer yourself [ ] Whether a fee is owed if another agent introduces the buyer during the term [ ] Whether the agent is entitled to a fee on any sale during the term, however it arose TERM, TIE-IN AND NOTICE ----------------------- [ ] Length of the initial tie-in period [ ] Notice period required to end the agreement, and when it can be given [ ] Whether the agreement renews automatically and how to prevent that [ ] How long after termination the agent can still claim a fee for a buyer they introduced [ ] How an introduction is defined and evidenced WHAT THE FEE INCLUDES --------------------- [ ] Photography, floor plan and any video or virtual tour [ ] Which portals and for how long [ ] Signage, printed particulars and any premium listing placement [ ] Accompanied viewings, and whether they are charged separately [ ] Energy assessment or equivalent certificate where required [ ] Anything described as optional, with its price HOW THE SALE WILL BE HANDLED ---------------------------- [ ] Named individual responsible for your property [ ] How often you will receive feedback, and in what form [ ] Whether all offers will be passed on in writing [ ] Whether the agent may recommend related services, and any commission received [ ] How the property will be marketed to their existing buyer list [ ] Whether they can refer you to a lawyer or broker, and on what terms BEFORE YOU SIGN --------------- [ ] Ask for the valuation reasoning and the comparable sales behind it [ ] Check the agent recent sold prices against their asking prices in your area [ ] Confirm what happens if you accept an offer and later withdraw [ ] Take the agreement away and read it rather than signing at the appraisal [ ] Get any verbal promise about fees, marketing or term written into the agreement ================================================================ NOTE ================================================================ This template is a general starting point, not legal advice. Property, tenancy and consumer law differ in every country and often between regions of the same country. Check what is required where the property is located, and take professional advice before signing or serving anything that creates a legal obligation. Template from My Property Pages — https://mypropertypages.com/documents