Tems & Conditions

The Terms & Conditions (T&C) of a property dealer or real estate agency typically cover various aspects of their services, interactions with clients, and legal responsibilities. While specific details may vary, here are some common elements that may be included in the T&C of a property dealer:

  1. Services Provided: This section outlines the services offered by the property dealer, such as property sales, purchases, rentals, property management, etc.

  2. Client Responsibilities: The T&C may specify the responsibilities of clients, including providing accurate information, cooperating with the property dealer, and adhering to payment terms.

  3. Fees and Commissions: Details about the fees charged by the property dealer for their services, including commissions for property sales or rentals, and any other applicable charges.

  4. Confidentiality: A clause outlining the confidentiality of client information and the property dealer’s commitment to protecting client privacy.

  5. Representation: Clarification on whether the property dealer represents the buyer, seller, or both parties in a transaction, and any potential conflicts of interest.

  6. Property Listings: Terms related to property listings, including accuracy of information, duration of listings, and procedures for updating or removing listings.

  7. Negotiation and Offers: Guidelines on negotiation processes, submission of offers, acceptance of offers, and any conditions or contingencies associated with offers.

  8. Property Inspections and Due Diligence: Responsibilities related to property inspections, due diligence, and the buyer’s right to conduct inspections before completing a purchase.

  9. Legal Compliance: Assurance that the property dealer operates in compliance with relevant laws, regulations, and industry standards.

  10. Dispute Resolution: Procedures for resolving disputes between the property dealer and clients, including mediation, arbitration, or legal action.

  11. Termination of Services: Conditions under which either party may terminate the relationship, including notice requirements and any associated fees or penalties.

  12. Governing Law: Specification of the jurisdiction whose laws govern the agreement between the property dealer and the client.

  13. Indemnification: Protection of the property dealer from liability for actions or decisions made by clients.

  14. Amendments: The property dealer’s right to modify the terms and conditions, and how clients will be notified of any changes.

  15. Contact Information: How clients can contact the property dealer for inquiries, complaints, or other communications.

These are general guidelines, and the specific terms and conditions may vary depending on the practices and policies of the property dealer or real estate agency. Clients should carefully review the T&C before engaging the services of a property dealer and seek clarification on any aspects they do not understand.