Agency Agreement

An agency agreement is a formal contract establishing the relationship between a principal and an agent, defining the scope of authority, duties, and compensation.

Agreement TypePurpose
Form ASeller listing agreement
Form BBuyer representation agreement
DurationTypically 3-6 months
ExclusivityCan be exclusive or non-exclusive
Key TermsDetails
Property detailsFull description and address
List priceAsking price or price range
Commission ratePercentage or fixed amount
Agent obligationsMarketing and representation duties
Termination conditionsHow either party can exit

Related Terms

Agency Agent AuthorityForm A (Listing Agreement)CommissionBrokerage

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