Brokerage Terms

Introduction: A Foundation of Trust

At Sky Properties, our mission is to ensure every real estate transaction is built on a foundation of absolute clarity, professionalism, and trust. We are meticulously committed to operating above all existing laws and industry principles. We believe that transparency in our fee structure and terms is not merely a legal requirement—it is the cornerstone of a smooth, successful transaction. By defining these terms clearly from the outset, we eliminate ambiguity and ensure a “hiccup-free” journey for all parties involved.

Our Brokerage Mandate Principles

Our Professional Brokerage Agreement is a commitment to the highest standard of service, based on the following key principles:

I. Exclusive Mandate and Fiduciary Duty

The Brokerage Agreement shall be entered into on a strictly Exclusive Basis between the Property Owner (or their legally authorized representative) and Sky Properties. This exclusive mandate ensures that Sky Properties operates as your dedicated fiduciary, fully committed to achieving the highest market value for your property while protecting your best interests throughout the process.

II. Professional Compensation Structure

Our fee structure is designed to secure maximum dedication, premium marketing efforts, and access to an exclusive network of high-intent buyers.

• Total Brokerage Fee: The Professional Compensation for the sale/rental of the property shall be [Negotiable, but state clearly: 4% (2% from Seller and 2% from Buyer)] of the final gross sale price.
• Seller’s Fee: The Seller shall be liable to pay a Brokerage Fee of 2% of the gross sale price.
• Buyer’s Fee: The Buyer, having been professionally represented and introduced, shall be liable to pay a separate Service Fee of 2% of the gross sale price.

III. Term of Agreement

The exclusivity period shall be clearly defined to allow sufficient time for our premium marketing strategy to deliver optimal results.

• For Property Sales: The Exclusive Brokerage Agreement shall be for a period of Twelve (12) months from the date of signing.
• For Property Rentals: The Exclusive Brokerage Agreement shall be for a period of Six (6) months from the date of signing.

IV. Protection Period (Holdover Clause)

To protect the investment of time, resources, and marketing capital committed by Sky Properties, a Protection Period shall apply:

• Any sale, exchange, or agreement to sell the property to a party introduced or informed to the Owners by Sky Properties during the Term of the Agreement shall make both the Seller and the Buyer liable for the respective Brokerage Fees (2% each), even if the sale occurs within [90 or 180] days following the expiration or termination of this Agreement.
• Exception: This clause is void if the Owner enters into a subsequent exclusive brokerage agreement with another firm following the expiration of this agreement.

V. Transaction Transparency and Accountability

• Authorized Communication: The Owners shall appoint a single contact person/authorized agent for receiving all official communication. Communication made to this designated person shall be deemed as having been officially conveyed to all co-owners.
• Offer Communication: All offers and amounts received from prospective buyers shall be promptly informed to the Owners of the property (or the authorized contact person). The final decision to accept or reject any offer remains the sole prerogative of the Owners.
• Payment Condition: Brokerage is a non-negotiable component of the sale. The transaction’s closing is expressly contingent upon the full and timely payment of the respective fees from both the Seller (2%) and the Buyer (2%).

VI. Payment and Early Termination

Withdrawal/Early Termination Compensation: Should the Owners decide to withdraw the property from the market before the agreed-upon term expires, the Owners shall compensate Sky Properties for the documented, pre-agreed costs of time, effort, travel, publicity, marketing, and other incurred expenses. This compensation is necessary to cover the resources committed to the exclusive marketing of the property.

Due Date: The total Brokerage Fee shall be due and payable in full on the date of the official Registration of the Agreement (or Sale Deed) at the Registration office.

Payment Method: Payment shall be made via Cheque, Bank Transfer, Demand Draft, or other mutually agreed upon verifiable payment methods.