If you are planning to enter into a property transaction with a real estate agent or a property dealer, it is essential to have a property dealer agreement in place. This agreement is a comprehensive document that outlines the terms and conditions of the transaction and helps protect the interests of both parties.

Here are some key aspects of a property dealer agreement:

1. Parties Involved: The agreement should clearly identify the parties involved in the transaction, i.e., the property dealer and the buyer/seller.

2. Property Details: The agreement should contain details of the property being bought/sold, such as its address, legal description, and any other specific details.

3. Purchase Price: The amount agreed upon as the purchase price of the property should be mentioned in the agreement, along with the payment terms and conditions.

4. Commission: The agreement should clearly state the commission payable to the property dealer for their services.

5. Closing Date: The agreement should specify the closing date of the transaction, i.e., the date on which the property will be officially transferred from the seller to the buyer.

6. Disclosures: The agreement should contain any disclosures required by law, such as any known defects in the property, environmental hazards, or any other issues that may affect the value or safety of the property.

7. Contingencies: The agreement should contain any contingencies that may affect the transaction, such as financing, inspections, or any other conditions that must be met before the sale can be finalized.

8. Signatures: Finally, the agreement should be signed by both parties, along with any witnesses or notaries required by law.

A property dealer agreement is an essential document that helps protect the interests of both parties in a property transaction. It outlines the terms and conditions of the sale, including the purchase price, commission, closing date, disclosures, and contingencies. Make sure to have a comprehensive agreement in place before entering into any property transaction with a real estate agent or property dealer.