Real Estate Brokerage Agreement Chile (Contrato de Corretaje de Propiedades)

A Real Estate Brokerage Agreement Chile (Contrato de Corretaje de Propiedades) is a commercial contract by which a property owner or prospective buyer (mandante) appoints a licensed real estate broker (corredor de propiedades) to act as intermediary in the sale, lease, or transfer of real property within Chilean territory, governed primarily by Article 48 of the Código de Comercio and the mandate provisions of Código Civil Article 2116.

The corredor de propiedades in Chile occupies a dual legal status. As a commercial intermediary under Articles 48 through 112 of the Código de Comercio, the corredor acts as an agent facilitating negotiations between parties without personally assuming the obligations of either. As a mandatario under Código Civil Articles 2116 through 2173, the corredor may be granted specific powers to sign documents, receive offers, or take other binding actions on behalf of the principal depending on the scope of the contract.

The Reglamento del Corredor de Propiedades, established through various regulatory instruments and enforced by the División de Desarrollo Urbano of the Ministerio de Vivienda y Urbanismo (MINVU), sets professional and ethical standards for real estate brokers operating in Chile. Unlike some jurisdictions, Chile does not maintain a single mandatory national registry for all corredores de propiedades, though many professionals register with regional chambers such as the Cámara Nacional de Servicios Inmobiliarios (ACOP) or the Asociación Nacional de Corredores de Bienes Raíces de Chile. The SII (Servicio de Impuestos Internos) requires corredores operating as empresas to hold an Iniciación de Actividades and issue boletas de honorarios or facturas for their commission income.

Property transactions in Chile ultimately require registration at the Conservador de Bienes Raíces (CBR) — the public registry responsible for recording property ownership, hypothecs, and encumbrances under the Reglamento del Registro Conservatorio de Bienes Raíces (Decreto Supremo 2695 and related instruments). The corredor de propiedades plays a critical role in verifying CBR title certificates (certificados de dominio vigente and certificados de gravámenes) before presenting any property for sale or lease, ensuring the principal's clean title and protecting the counterparty from undisclosed encumbrances.

The commission (comisión de corretaje) is the corredor's primary compensation and is governed by market practice rather than a statutory tariff in Chile. The standard commission in the Chilean real estate market for property sales is typically 2% of the transaction price (plus IVA where applicable), though this varies by region, property type, and negotiated terms. For lease brokerage, the standard commission is one month's rent (plus IVA), payable upon successful execution of the lease contract. The Código de Comercio Article 101 establishes that the corredor earns commission when the transaction is successfully concluded — a broker who fails to bring the transaction to execution generally has no right to commission unless the contract expressly provides otherwise.

The Corretaje de Propiedades Agreement may be granted with exclusive mandate (mandato exclusivo) or non-exclusive mandate (mandato no exclusivo). Under an exclusive mandate, the principal agrees not to engage other brokers during the agreed term, and the corredor earns commission even if the property is sold or leased through the efforts of the owner directly — this provision must be expressly stated to be enforceable under the general contract principles of Código Civil Article 1545. The SII treats commissions as income subject to IVA (Impuesto al Valor Agregado) of 19% when the corredor operates as an empresa habitual de servicios.

A Real Estate Brokerage Agreement Chile is needed whenever a property owner, prospective buyer, or lessee engages a corredor de propiedades to act as intermediary in a real property transaction within Chile. The Código de Comercio Article 48 defines the corredor as a commercial auxiliary who facilitates negotiations between contracting parties — the formal brokerage contract is the instrument that defines the scope, duration, exclusivity, and compensation of that mandate.

The brokerage agreement is required when a property owner lists a property for sale (venta) and wishes to delegate marketing, negotiation, and documentation tasks to a corredor. Chilean practice requires a written brokerage agreement to establish the commission rate, property listing period, exclusivity clause, and the specific acts the corredor is authorized to perform — including conducting property tours (visitas), receiving offers (ofertas de compra), and liaising with the buyer's financial institution for mortgage credit (crédito hipotecario) approval through Banco Estado, Banco BCI, Banco Santander, or other regulated entities supervised by the CMF (Comisión para el Mercado Financiero).

The agreement is needed when a corredor is engaged to find a tenant (arrendatario) for a rental property. Lease brokerage in Chile involves the corredor conducting tenant screening (verificación de antecedentes), coordinating with DICOM (a credit risk database operated by Equifax Chile) to check the prospective tenant's credit history, preparing the lease contract draft, and accompanying the parties through execution before a Notario Público.

A brokerage agreement is essential when the property being sold requires coordination with financial institutions for hipoteca (mortgage) release or establishment. The corredor works with the Banco Central de Chile — which regulates monetary policy and financial stability — and with CMF-supervised banks to facilitate mortgage applications, tasaciones (property appraisals by a tasador authorized by the CMF), and título perfecto certifications by the CBR (Conservador de Bienes Raíces).

The agreement is also required when a foreign natural person or foreign legal entity (including sociedad extranjera or fondo de inversión extranjero) wishes to purchase or lease property in Chile. Chilean law under Decreto Ley 600 (Foreign Investment Statute, since replaced by Ley 20.848) and the general property regime of the Código Civil permits foreign nationals to own real property in Chile — the corredor facilitates compliance with SII RUT registration requirements for foreign buyers and coordinates with the CBR for property inscription in the name of a foreign national or entity.

A valid Real Estate Brokerage Agreement Chile under Código de Comercio Article 48 and Código Civil Article 2116 must contain the following essential elements to be enforceable and commercially effective.

Party Identification: Full legal name, RUT (Rol Único Tributario assigned by the SII), cédula de identidad number, and domicile of the principal (mandante — the property owner or buyer) and the corredor de propiedades. If the corredor operates through a legal entity (empresa individual de responsabilidad limitada — EIRL, SpA, or SRL), the company's legal name, RUT, and the name and RUT of the legal representative must be included. The corredor should provide evidence of professional registration with a recognized gremio such as the Cámara Nacional de Servicios Inmobiliarios (ACOP) or equivalent regional association.

Property Description: Complete identification of the subject property including full address, comuna, región, SII rol de avalúo (property assessment role number), Conservador de Bienes Raíces inscription details (fojas, número, año of the Registro de Propiedad), total built area (metros cuadrados construidos), and lot area. For apartments, the unit number, floor, and condominium name should be included. Any known encumbrances, hypothecs (hipotecas), prohibitions (prohibiciones de enajenar), or easements (servidumbres) registered at the CBR must be disclosed.

Scope of Mandate: Precise description of the acts the corredor is authorized to perform on behalf of the principal — whether limited to finding prospects and presenting offers (corretaje simple) or extended to include signing pre-sale agreements (promesas de compraventa under Código Civil Article 1554), receiving earnest money (arras), or negotiating contract terms. Any limitation on the corredor's authority must be expressly stated per Código Civil Article 2132.

Exclusivity Clause: Statement of whether the mandate is exclusive (exclusivo) or non-exclusive (no exclusivo). Under an exclusive mandate, the principal commits not to engage other brokers and agrees that commission is payable even on transactions concluded through the principal's own efforts during the exclusivity period. Non-exclusive mandates permit the principal to engage multiple brokers simultaneously, with commission payable only to the broker who effectively brought about the transaction.

Contract Term: The agreed duration of the brokerage mandate, typically 60 to 180 days for property sales. Chilean practice allows for automatic renewal clauses (renovación automática) unless either party provides written notice of termination within a specified period. The Código de Comercio Article 48 does not prescribe a maximum term, but market practice limits exclusive mandates to 90 days with optional renewal.

Commission Rate and Payment Conditions: The percentage or fixed amount of the commission (typically 2% of the sale price or one month's rent for lease transactions), the currency of payment, the event triggering commission entitlement (typically the signing of the compraventa or lease contract before a Notario Público or the inscription of the transfer at the CBR), and IVA treatment. The SII requires IVA of 19% on commissions when the corredor operates as a habitual services company — the contract should specify whether the stated commission is IVA-inclusive or exclusive.

Property Marketing Authorization: Explicit authorization for the corredor to publish the property listing on portals such as Portal Inmobiliario, Yapo.cl, Toctoc.com, and through social media and print channels. This authorization should specify permitted photographs, virtual tours, and any information restrictions (e.g., prohibition on disclosing the owner's identity before an offer is received).

Documentation and Due Diligence Obligations: The corredor's obligation to verify and present to prospective buyers the certificado de dominio vigente (current ownership certificate from the CBR), certificado de gravámenes y prohibiciones (encumbrances certificate from the CBR), certificado de deuda de contribuciones (property tax debt certificate from the Tesorería General de la República), certificado de no expropiación (from the SERVIU or municipal authority), and plano de subdivisión or architectural plans where relevant.

Confidentiality: Obligation on the corredor to maintain confidentiality regarding the principal's financial situation, motivation for selling, and any information disclosed during the negotiation that is not public knowledge — aligned with the general duty of good faith (buena fe) under Código Civil Article 1546.

Governing Law: The agreement is governed by the Código de Comercio, the Código Civil of Chile, and applicable regulatory instruments of the MINVU and SII. Disputes are submitted to the civil courts of the jurisdiction where the property is located or, by agreement, to the Centro de Arbitraje y Mediación de Santiago.

Forms-legal.com provides this Real Estate Brokerage Agreement Chile template as a reference framework for structuring the relationship between property owners and corredores de propiedades under Chilean commercial and civil law. Every brokerage arrangement should be reviewed by a licensed Abogado to confirm compliance with current CBR requirements, SII tax obligations, and applicable MINVU regulations. Los usuarios de forms-legal.com pueden descargar este documento de forma gratuita en formato PDF o DOCX, completar los campos del formulario guiado y obtener un documento listo para firma.