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Buyer Agent Exclusive Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Buyer Agent Exclusive Agreement

"I need a Buyer Agent Exclusive Agreement for a corporate client seeking high-end commercial properties in Dubai, with a minimum one-year exclusivity period starting January 2025, including comprehensive market analysis services and monthly reporting requirements."

Document background
The Buyer Agent Exclusive Agreement is a crucial document in UAE real estate transactions, particularly when buyers seek dedicated representation in property acquisitions. This agreement type is commonly used in both Dubai and other emirates when a buyer wants to engage a real estate agent's services exclusively. The document ensures compliance with UAE Federal Law No. 5 of 1985 (Civil Code) and relevant RERA regulations, while protecting both parties' interests. It becomes especially relevant in complex property transactions or when international buyers enter the UAE market. The agreement typically includes comprehensive details about property requirements, agent obligations, commission structures, and exclusivity terms. A well-drafted Buyer Agent Exclusive Agreement is essential for establishing clear professional relationships and avoiding potential disputes in the UAE's dynamic real estate market.
Suggested Sections

1. Parties: Identification of the buyer and the real estate agent/agency, including license details and registration numbers as required by UAE law

2. Background: Context of the agreement, including the buyer's intention to purchase property and appointment of the agent

3. Definitions: Key terms used throughout the agreement, including property criteria, territory, and agency-specific terminology

4. Appointment and Scope: Exclusive appointment of the agent and detailed scope of services

5. Term: Duration of the exclusive agreement and any renewal provisions

6. Agent's Services and Obligations: Comprehensive list of services to be provided by the agent, including property search, negotiations, and documentation assistance

7. Buyer's Obligations: Buyer's commitments, including providing accurate requirements, cooperating with the agent, and maintaining exclusivity

8. Commission and Payment Terms: Structure and timing of agent's compensation, including circumstances triggering payment obligation

9. Confidentiality: Provisions regarding confidential information shared during the engagement

10. Termination: Grounds for termination, notice requirements, and consequences of early termination

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for dispute resolution

12. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions

Optional Sections

1. Property Type Specifications: Specific section for commercial property requirements, used when the search is for commercial rather than residential property

2. International Payments: Additional provisions for international fund transfers, used when the buyer is based outside the UAE

3. Power of Attorney: Optional authorization for the agent to act on behalf of the buyer in specific circumstances, used when buyer requires extended representation

4. Multiple Property Provisions: Additional terms for scenarios where the buyer intends to purchase multiple properties, used in investment-focused agreements

5. Language Requirements: Provisions for dual-language agreement and interpretation, used when the buyer requires a bilingual agreement

Suggested Schedules

1. Schedule 1 - Property Requirements: Detailed specifications of the type of property being sought, including location, size, budget, and other criteria

2. Schedule 2 - Commission Structure: Detailed breakdown of commission calculations and payment terms

3. Schedule 3 - Agent's License and Credentials: Copies of the agent's RERA license and other relevant certifications

4. Schedule 4 - Service Level Agreement: Specific performance metrics and service standards for the agent

5. Appendix A - Required Documents: List of documents required from the buyer for property purchase in UAE

6. Appendix B - Agency Marketing Plan: Optional detailed plan for how the agent will conduct the property search

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions























Clauses





























Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail Property

Industrial Property

Hospitality

Mixed-Use Development

Property Investment

Property Development

Relevant Teams

Legal

Real Estate

Compliance

Operations

Business Development

Client Relations

Contracts

Property Management

Investment

Risk Management

Relevant Roles

Real Estate Agent

Property Consultant

Real Estate Broker

Legal Counsel

Compliance Officer

Property Acquisition Manager

Real Estate Director

Investment Manager

Contract Manager

Business Development Manager

Real Estate Operations Manager

Client Relations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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