Adam Frankel
General Counsel · Technology & AI
15+ years as General Counsel to technology, cloud & AI companies
Agreement Between a Firm and a Broker for Agency (India) by OLL
Open Legal LibraryUpdated 19 Oct 2026
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AggrementBetween A Firm And A Broker For Agency
THIS AGREEMENT made on the…………………..day of……………..BETWEEN ………..,
etc., a firm carrying on the business of ……………………………………………..at……………………………………………
(hereinafter called the firm) of the one part and ……………….., etc. (hereinafter called the broker ) of the other part.
WHEREAS the firm wants to sell the property described in the Scheudle hereto and for the said purpose the services of the broker are required.
AND WHEREAS the said broker has shown his willingness to accept the agency for the sale of the said property described in the Schedule hereto.
AND WHEREAS the firm has accepted to pay to the broker the present rat of commission of … per cent. Of the sale price.
NOW THEREFORE THIS AGREEMENT WITNESSES as follows :
1. The firm hereby gives the broker for a period of ………… months thereof the right to sell the property described in the Schedule hereto at the price and on the terms and conditions hereinafter contained in this agreement.
2. 2. The broker is hereby authorised to sell the property on he price of Rs. …………….……..and out of this consideration the purchaser shall pay Rs………….………..in advance as earnest money and the balance of Rs………….……………..shall be paid within a month hereof before the Registrar at the time of registration of the sale-deed.
3. The broker shall be authorised to sell the property at the price of Rs…………..and on other terms and conditions that may be acceptable to the firm.
4. The firm hereby represents and warrants that the details of the property as described in the Schedule hereto are true and correct and the said property is free from all encumbrances.
5. The firm hereby undertakes to deliver to the purchaser, within a reasonable time, as abstract of title showing that the firm is the owner of the property and the said property is free from all encumbrances.
6. The firm hereby agrees that the sale-deed to be executed by the firm shall be a full covenant warranty deed free from all encumbrances.
IN WITNESS WHEREOF, etc.
SCHEDULE OF PROPERTY
This agreement establishes a relationship between a business entity and a broker for the sale of a specific property. It outlines the broker's authority to sell, the commission rates, and the required payment terms for potential buyers.
About this template
What is this template?
This document is a property brokerage agency agreement. It contains specific provisions for the payment of earnest money before a Registrar and requires a full covenant warranty deed, which is not found in a general service contract.
When should you use it?
Use this when a firm needs to authorize an agent to sell real estate for a commission. Use an Exclusive Right to Sell Agreement if the broker is an individual and the property is residential.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Agency Period | Grants the broker an exclusive right to sell the property for a specified period of months at the agreed price. |
| 2 | Sale Price and Payment Terms | Specifies the total sale price in Rupees, including the required earnest money advance and the balance due at registration. |
| 4 | Encumbrances | The firm warrants that the property details in the Schedule are correct and that the property is free from all encumbrances. |
| 5 | Abstract of Title | Requires the firm to deliver a title abstract within a reasonable time proving ownership and absence of liens. |
| 6 | Warranty Deed | Obliges the firm to execute a full covenant warranty deed free from all encumbrances upon sale. |
Who it's for
- a business firm seeking to engage a real estate broker for a property sale in India
- a broker accepting a commission-based agency to sell specific commercial or residential property
How long it runs and how it's signed
How long
Runs for a fixed period
Stated duration
[period of months]
Signed by
Firm, Broker
Witness
The document doesn't say
Notarisation
Not required
Jurisdiction
India
Document info
MS Word. Document created on Fri Jun 26th, 2026. Last updated on Mon Oct 19th, 2026.
This document is public
Licensed under CC BY 4.0 (Attribution).
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