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Buyer Agent Exclusive Agreement
"I need a Buyer Agent Exclusive Agreement for a Swiss private bank client looking to purchase luxury residential property in Zurich, with specific provisions for discretion and high-value transaction compliance, starting March 2025."
1. Parties: Identification of the buyer (principal) and the real estate agent (agent), including full legal names, addresses, and any relevant registration numbers
2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's qualifications
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Exclusive Period', and 'Commission'
4. Appointment and Scope: Formal appointment of the agent and detailed scope of services to be provided, emphasizing the exclusive nature of the arrangement
5. Duration and Exclusivity: Term of the agreement and specific provisions regarding exclusivity, including any territory limitations
6. Agent's Obligations: Comprehensive list of agent's duties, including property search, negotiations, due diligence, and reporting requirements
7. Client's Obligations: Buyer's responsibilities, including providing accurate requirements, maintaining exclusive relationship, and cooperating with the agent
8. Commission Structure: Detailed explanation of agent's compensation, including rate, calculation method, and payment terms
9. Expenses and Costs: Allocation of costs and expenses between parties, including third-party service fees
10. Confidentiality: Obligations regarding confidential information and data protection requirements
11. Termination: Conditions and procedures for ending the agreement, including notice requirements and consequences
12. General Provisions: Standard legal clauses including governing law, jurisdiction, entire agreement, and amendments
1. Foreign Buyer Provisions: Additional provisions required when the buyer is not Swiss resident, addressing Lex Koller requirements
2. Property Type Specifications: Specific provisions for particular types of properties (commercial, luxury residential, agricultural) if the search is limited to certain categories
3. Multi-lingual Provisions: Language provisions and interpretation rules when the agreement is executed in multiple languages
4. Post-Termination Obligations: Extended obligations and restrictions that survive after agreement termination
5. Alternative Dispute Resolution: Mediation or arbitration procedures as alternatives to court proceedings
6. Anti-Money Laundering Compliance: Specific provisions regarding compliance with Swiss AML regulations, particularly relevant for high-value transactions
1. Schedule 1 - Property Requirements: Detailed specifications of the property being sought, including location, size, price range, and essential features
2. Schedule 2 - Commission Schedule: Detailed breakdown of commission rates, calculation methods, and payment structures
3. Schedule 3 - Agent's Services: Comprehensive list of services included in the agent's scope of work
4. Schedule 4 - Required Documents: List of documents and information the buyer must provide
5. Appendix A - Power of Attorney: Optional power of attorney form for specific actions the agent may take on behalf of the buyer
6. Appendix B - Due Diligence Checklist: Standard checklist for property evaluation and verification procedures
Authors
Real Estate
Property Development
Residential Property
Commercial Property
Luxury Real Estate
Property Investment
Real Estate Advisory
Property Management
Banking and Finance
Legal Services
Construction
Hospitality
Legal
Real Estate
Compliance
Risk Management
Operations
Business Development
Client Relations
Property Management
Contracts Administration
Document Management
Investment Advisory
Due Diligence
Real Estate Agent
Property Buyer's Agent
Real Estate Broker
Real Estate Manager
Property Consultant
Real Estate Advisory Manager
Legal Counsel
Compliance Officer
Contract Manager
Property Acquisition Manager
Real Estate Investment Manager
Client Relationship Manager
Business Development Manager
Risk Manager
Operations Manager
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