The Buyer's Exclusive Agency Contract is a crucial document in UAE real estate transactions, particularly in competitive property markets like Dubai and Abu Dhabi. This agreement is utilized when a buyer seeks dedicated representation in property searches and negotiations, granting exclusive rights to a licensed real estate agent or agency. The contract is structured to comply with UAE Federal Law No. 5 of 1985 (Civil Code), relevant RERA regulations, and local emirate-specific property laws. It typically includes detailed provisions for agent services, compensation structures, property search criteria, and transaction support, while incorporating necessary compliance elements required by UAE authorities. The document serves to protect both the buyer's interests in securing suitable property and the agent's right to compensation for services rendered, while ensuring all activities align with UAE real estate regulations and market practices.
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1. Parties: Identification of the buyer (principal) and the real estate agent (agent), including all required details as per UAE regulations
2. Background: Context of the agreement and general intention of the parties to enter into an exclusive buyer's agency relationship
3. Definitions: Key terms used throughout the agreement, including specific UAE real estate terminology
4. Appointment and Scope: Express appointment of agent as exclusive buyer's representative and detailed scope of services
5. Term and Exclusivity: Duration of the agreement and explicit exclusive agency provisions
6. Agent's Services and Obligations: Comprehensive list of services to be provided by the agent, including property search, negotiations, and transaction support
7. Client's Obligations: Buyer's responsibilities, including providing accurate requirements, maintaining exclusivity, and cooperation
8. Compensation: Fee structure, payment terms, and conditions for commission earning
9. Confidentiality: Obligations regarding confidential information and market intelligence
10. Termination: Grounds and procedures for termination, including notice requirements
11. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
12. General Provisions: Standard contractual provisions including notices, amendments, and entire agreement clauses
1. Property Requirements: Detailed specification of the buyer's property requirements - used when the buyer has specific criteria
2. Transaction Process: Step-by-step procedure for property acquisition - included for first-time buyers or complex transactions
3. Due Diligence Services: Additional provisions for enhanced due diligence services - used when comprehensive property verification is required
4. International Buyer Provisions: Special provisions for international buyers - included when the client is not a UAE resident
5. Language Provisions: Dual language provisions and translation requirements - used when the buyer is not an English speaker
6. Sub-Agency Authorization: Provisions allowing the agent to appoint sub-agents - used in complex transactions requiring multiple specialists
1. Schedule 1 - Service Fee Schedule: Detailed breakdown of all fees, commissions, and payment terms
2. Schedule 2 - Property Requirements: Detailed specification of property requirements and search criteria
3. Schedule 3 - Required Documents: List of documents required from the buyer for compliance with UAE regulations
4. Schedule 4 - Agent's Credentials: Copy of agent's license and RERA registration details
5. Appendix A - Power of Attorney Template: Standard form of power of attorney for property transactions
6. Appendix B - Compliance Checklist: Checklist of regulatory requirements and necessary approvals
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Residential Property
Commercial Property
Luxury Real Estate
Investment Property
Real Estate Brokerage
Property Management
Real Estate Advisory
Relevant Teams
Legal
Real Estate
Compliance
Business Development
Sales
Client Relations
Property Advisory
Contracts Administration
Risk Management
Relevant Roles
Real Estate Agent
Property Consultant
Real Estate Broker
Legal Counsel
Compliance Officer
Property Advisor
Real Estate Manager
Business Development Manager
Sales Director
Contract Manager
Property Acquisition Specialist
Client Relations Manager
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