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Buyer Agent Exclusive Agreement
"I need a Buyer Agent Exclusive Agreement for a high-net-worth international client looking to purchase luxury residential properties in Sydney, with the agreement term running from March 1, 2025, to September 1, 2025, including FIRB approval requirements and multi-property search provisions."
1. Parties: Identification of the buyer (client) and the licensed buyer's agent, including full legal names, addresses, and relevant license numbers
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 'Exclusive Agency Period', 'Property Requirements', 'Agent's Fee', and other relevant terms
4. Appointment and Authority: Formal appointment of the agent as exclusive buyer's agent and scope of authority granted
5. Term of Agreement: Duration of the exclusive agency period, including start and end dates
6. Agent's Services: Detailed description of services to be provided by the agent, including property search, evaluation, and negotiation
7. Agent's Obligations: Specific duties and responsibilities of the agent, including fiduciary duties and compliance requirements
8. Client's Obligations: Buyer's responsibilities, including providing accurate information and maintaining exclusive relationship
9. Fees and Expenses: Detailed fee structure, payment terms, and reimbursable expenses
10. Termination: Conditions and process for ending the agreement, including notice requirements
11. Confidentiality: Obligations regarding confidential information and privacy
12. Dispute Resolution: Process for handling disagreements and conflicts
13. General Provisions: Standard legal provisions including governing law, entire agreement, and amendments
1. Multiple Buyers: Additional provisions when there are multiple buyers acting jointly, defining their collective obligations and decision-making process
2. International Buyers: Special provisions for international buyers, including FIRB approval requirements and additional compliance obligations
3. Specific Property Types: Additional terms for specific property types (e.g., commercial, rural) when the search is limited to particular categories
4. Agent's Team: Details about additional team members or associates who may assist in providing services
5. Success Fee: Optional performance-based fee structure, used when parties agree to additional compensation for achieving specific outcomes
6. Digital Services: Provisions for virtual property viewings and digital communication methods when relevant
1. Schedule A - Property Requirements: Detailed criteria for the desired property, including location, price range, essential features, and preferences
2. Schedule B - Fee Structure: Detailed breakdown of all fees, including base fee, success fee if applicable, and payment schedules
3. Schedule C - Excluded Properties: List of properties already identified by the buyer or excluded from the agreement
4. Schedule D - Service Level Details: Specific details about service frequency, response times, and communication protocols
5. Appendix 1 - Agent Credentials: Copies of agent's license and relevant certifications
6. Appendix 2 - Privacy Policy: Detailed privacy policy and information handling procedures
Authors
Real Estate
Professional Services
Property Development
Investment Services
Legal Services
Property Management
Legal
Real Estate
Compliance
Property Acquisitions
Contract Administration
Risk Management
Business Development
Client Services
Real Estate Buyer's Agent
Property Consultant
Real Estate Broker
Legal Counsel
Property Advisor
Investment Manager
Real Estate License Holder
Compliance Officer
Contract Administrator
Property Acquisition Manager
Real Estate Transaction Coordinator
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