When it comes to a real estate agency, they are involved in different kinds of deals from buying and selling of properties to rental procedures. They need to make sure that all the information shared amongst their clients remains private and is not disclosed to people who are in no way concerned with the agency or the deal. However, with employees and clients being privy to a great deal of information, the agency draws out a real estate confidentiality agreement and makes them sign this to ensure secrecy. You can also see License Agreement Templates.
Usually when a buyer shows an interest in buying a property, he is given a lot of details about the property and the seller in order to secure a loan. However, some of this information may be confidential and not to be disclosed to outsiders. By getting the buyer sign a buyer confidentiality agreement, the estate agent can be assured that the confidential information is not leaked.
While securing a property for rent, the person concerned is revealed some information of the owner. This information may be private and not to be shared with a third party. Thus the real estate agent may ask the tenant to sign a confidentiality agreement to ensure the privacy of his client.
When a person rents out his property to a tenant, he secures certain information about the person who he is renting out his property to. In order to ensure that this information stays confidential, he is expected to sign a confidentiality agreement.
The employees at the real estate agency are privy to a lot of confidential information like clientele list, property listings, tenant and landlord info etc. It is important that this be kept under wraps. By signing a confidentiality agreement, they are bound by a legal obligation to maintain secrecy.
This is a standard design of a confidentiality agreement for real estate which can be used just the way it is or can be altered as per the agency’s need. It contains all the important segments that should be included in a real estate confidentiality agreement. You can also see Agreement Templates.
Before drafting a real estate confidentiality agreement, it would be a great idea to consult a real estate agent who has been in business for long or a legal advisor to get some insight into the right way of drafting it. List down all the terms and information which you wish to include in the agreement. However if there is certain information that you do not wish to disclose, there is no need to include this in the agreement. You can also see Basic Confidentiality Agreement.
We have a variety of real estate confidentiality agreement for you to choose from. These are available in both word document and PDF form and are easy to customize. Ready to be printed, you can suggest changes to these agreements which we would be happy to oblige with.