Article 20. Mandatory requirements for the contract for the provision of realtor services

A contract for the provision of realtor services shall be concluded in writing by a realtor organization or a realtor with the client.

The contract for the provision of realtor services shall include:

the substance of the realtor services;

time limits for the provision of realtor services;

the amount, conditions, and time limits for payment for the provided realtor services;

the rights and obligations of the realtor organization or the realtor and of the client;

liability of the parties for failure to perform or improper performance of contractual obligations and for violation of the rights and lawful interests of third parties;

the procedure and conditions for termination of the contract;

the procedure for refunding funds if obligations under the contract are not performed or are improperly performed;

information on the availability of the realtorʼs qualification certificate;

information on the availability, with the realtor organization or the realtor, of a policy of insurance of civil liability.

Other terms may also be included in the contract in accordance with legislation.