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Buyer Broker Agreement
"I need a Buyer Broker Agreement for a German client looking to purchase luxury residential property in Zurich, with exclusive representation for 6 months starting January 2025, including Lex Koller compliance provisions and bilingual German/English versions."
1. Parties: Identification of the broker and the buyer client, 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 broker's professional status
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Compensation', and 'Exclusive Period'
4. Appointment and Authority: Formal appointment of the broker and scope of authority granted by the buyer
5. Broker's Services: Detailed description of services to be provided by the broker, including property search, negotiations, and advisory services
6. Client's Obligations: Buyer's responsibilities, including providing accurate information, maintaining confidentiality, and cooperation requirements
7. Exclusivity: Terms of exclusive representation, if applicable, and the geographical area covered
8. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination
9. Compensation: Broker's fee structure, payment terms, and conditions for when compensation becomes due
10. Confidentiality: Obligations regarding confidential information and data protection
11. Liability and Indemnification: Scope of broker's liability and indemnification provisions
12. General Provisions: Standard contractual clauses including notices, amendments, and governing law
13. Signatures: Execution blocks for all parties
1. International Buyers Provisions: Additional provisions for international buyers, including Lex Koller compliance requirements
2. Commercial Property Specifications: Special provisions for commercial property transactions, including due diligence requirements
3. Multiple Party Coordination: Provisions for coordinating with other professional advisors (lawyers, tax advisors, etc.)
4. Property Management Services: Additional terms if the broker will provide property management services post-acquisition
5. Financing Assistance: Terms regarding broker's role in helping secure financing, if offered
6. Cantonal Specific Requirements: Additional provisions required by specific cantonal laws
7. Language Provisions: For agreements that need to be bilingual or reference translations
1. Schedule A - Service Level Agreement: Detailed breakdown of specific services to be provided by the broker
2. Schedule B - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms
3. Schedule C - Property Requirements: Detailed specifications of the type of property the client is seeking
4. Schedule D - Territory Definition: Maps or descriptions of the geographical area covered by the agreement
5. Schedule E - Required Documents: List of documents required from the client for regulatory compliance
6. Appendix 1 - Broker's Credentials: Copies of broker's licenses, certifications, and professional memberships
7. Appendix 2 - Power of Attorney: If applicable, power of attorney form for broker to act on client's behalf
Authors
Real Estate
Property Development
Investment Management
Banking & Financial Services
Legal Services
Construction
Hospitality
Retail
Commercial Property
Residential Property
Asset Management
Property Management
Legal
Real Estate
Compliance
Investment
Asset Management
Business Development
Client Relations
Property Management
Transactions
Advisory Services
Real Estate Broker
Property Acquisition Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Portfolio Manager
Investment Manager
Real Estate Director
Asset Manager
Transaction Manager
Client Relationship Manager
Business Development Manager
Real Estate Consultant
Property Search Specialist
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