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Estate Agency Agreement for Purchase of Residential Properties in Hong Kong (Form 4)

Form 3 – For the sale of residential real estate between a real estate agent and a seller. The Property Information Form (to be used in the sale and purchase of residential properties in Hong Kong) or the Real Estate Agency Contract for the sale of residential properties in Hong Kong (Form 3) is intended for sellers. This agreement is issued by the brokerage authority in accordance with the Brokerage Ordinance. It must be duly signed by you and your real estate agent. Form 1 – For the sale and purchase of residential real estate. You can use the services of more than one agent in relation to the same apartment if you wish. However, you will be reminded NOT to indicate that the agent is your exclusive agent in an agency contract if you want 2 or more agents to assist you. Otherwise, you will have to pay a commission to the exclusive agent even if you sell your apartment through another agent (i.e. You will have to pay a commission to both agents). The real estate brokerage contract aims to provide protection to owners of residential properties, who are mostly people without much legal knowledge of real estate transactions. If you want to sell a non-residential property (for example. B, a commercial or industrial property) through a broker without signing a real estate agency contract, you will continue to benefit from protection against the legal laws of Hong Kong (for example.

B, the Ordinance on Real Estate Agents), regulations imposed by the Real Estate Agents Authority (e.g. B.dem Code of Ethics) and the common law. Nevertheless, your agent may ask you to sign a real estate agent contract. Since the Real Estate Agents Authority does not provide a recommended agreement form for non-residential properties, you should read the agreement carefully before signing it. If you have any questions, contact the agent or your lawyer. The points contained in this agency contract include: the obligations of the agent, the commission to be paid by the seller and the period of validity of this contract, etc. Licensees are required to use the prescribed forms when selling/buying/leasing residential real estate in Hong Kong (forms 1 to 6), as well as when notifying the authority in accordance with Article 40 of the Real Estate Agents Regulations (forms 8 to 12). Real estate agency contract for the sale of residential real estate in Hong Kong (to be used between a real estate agent and a seller) or or In addition to the real estate agency contract, you and your agent must also sign a real estate information form or “Form 1” that contains the details of your property (para. B example, current ownership, floor area, loads (para. B example, existing mortgages or repair orders from government agencies), any existing lease, Year of completion, restriction of use (e.B.

residential, industrial or other uses), any ancillary work or previous modification of the seller, the rental period (rental period) of the respective lease/state subsidy, the repair or improvement work and the costs of such work necessary or proposed for the apartment or the building to which the apartment belongs, etc.). You must provide your agent with correct information to the best of your knowledge and beliefs. Your agent should also endeavor to verify the accuracy of the information about your property. If a buyer has received false information that has resulted in a loss for them, you and/or your representative may be sued by the buyer for damages. REAL ESTATE AGENCY CONTRACT FOR THE SALE OF A FORM 3 REAL ESTATE PROPERTY IN HONG KONG GENERAL WARNING: Read this agreement carefully and follow the instructions. If you do not understand anything in this Agreement, please request an explanation. If you do not understand or disagree with a statement, it is best to consult your lawyer before signing this agreement. Note: If anything in this Agreement is followed by a number in parentheses (e.B. (1)), read immediately the explanation contained in this point of Annex 4 to this Agreement.

If anything in this Agreement relates to a schedule for this Agreement, please read this Schedule immediately. 1. Appointment of an agent and period of validity of this contract I/We, _____ The seller must therefore carefully consider when establishing an exclusive representation relationship with the agent. The particular obligations to be fulfilled by the Agent in the context of exclusive representation may be set out as additional conditions in accordance with clause 13.] 2. Agency Relationship and Agent Obligations The Agent agrees with the Seller that – (a) (b) (c) (d) the agency relationship between them with respect to the property is a single agency/dual agency/potential dual agency(3)(1); in the case of double representation, the Contractor must notify the Seller in writing as soon as possible of the amount or rate of commission that the Contractor is to receive from a Buyer; in the event of possible double representation, as soon as possible after the occurrence of the double representation, the Agent will inform the Seller in writing of this agency relationship and the amount or rate of commission that the Agent is to receive from a Buyer; and the Agent`s obligations are set forth in Schedule 1 of this Agreement, in addition to the obligations imposed on the Agent by this Agreement or by decree. 3. List price [ATTENTION: The seller does not transfer to the agent the right to accept an offer on behalf of the seller on the basis of this clause. List price is for registration and advertising only.] List price is Hong Kong Dollars________________________________________ (HK$______). The list price can only be changed with written instructions from the seller and these instructions are part of this agreement. 4. Commission The provisions of this Agreement that apply to the commission payable by the Seller to the Agent are set forth in Schedules 2 and 4 of this Agreement (4). 5.

Real Estate Information The broker must provide the seller with the property information form, including the seller`s statement required by the Ordinance on the Practice of Real Estate Agents (General Rights and Residential Property in Hong Kong), duly completed and signed by the broker. Real estate agents are required to use the required Forms 1 to 6 provided by the EAA below when it comes to selling, buying and renting residential properties in Hong Kong. You can download the “Form 3” from the Real Estate Agents Authority website. You should read this Agreement carefully before signing it. If you don`t understand some of this, ask the agent or your lawyer. You should ask your agent to give you a copy of the agreement you signed. You should also keep the agreement in a safe place so that you can refer to it later if necessary. In accordance with Section 45 of the Real Estate Agents Ordinance (Cap. 511 of the Laws of Hong Kong), you and your agent must sign an agency contract before hiring your agent to perform agency work to sell a residential property. Otherwise, the agent will not be able to serve you.

Notice to become/cease to be a member of a partnership in the real estate agency sector* For the execution of real estate agency contracts electronically, please read Circular No. 14-01 (CR) and click here for the “System Requirements for the Use of Electronic Real Estate Agency Contract Forms”. Real estate agency contract for the purchase of residential real estate in Hong Kong. REAL ESTATE AGENCY CONTRACT FOR THE SALE OF RESIDENTIAL REAL ESTATE. . Notice of employment/termination of employment of a person as a seller of a licensed real estate agent * Notice of termination of engagement in real estate agency work by a licensee *. For the printed format of forms 1 to 6, please read Circular No. 12-01 (CR).

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