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Non Exclusive Buyer Agency Agreement
"I need a Non-Exclusive Buyer Agency Agreement for a Swiss domestic client looking to purchase residential property in Zurich, with a six-month term starting January 2025 and standard commission rates for the local market."
1. Parties: Identification of the buyer (principal) and the real estate agent (agent), including full legal names, addresses, and contact details
2. Background: Context of the agreement, including the buyer's intention to purchase real estate and the agent's qualifications and licenses
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements,' 'Territory,' 'Commission,' and 'Successful Transaction'
4. Appointment and Scope: Establishes the non-exclusive nature of the appointment and defines the general scope of the agent's services
5. Agent's Services: Detailed description of services to be provided, including property search, viewings, negotiations, and advisory services
6. Agent's Obligations: Key responsibilities including due diligence, confidentiality, and compliance with relevant laws
7. Client's Obligations: Buyer's responsibilities including providing accurate requirements, cooperating with the agent, and maintaining communication
8. Commission Structure: Details of the agent's compensation, including rate, calculation method, and payment terms
9. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party
10. Confidentiality: Obligations regarding confidential information and its handling during and after the agreement
11. Liability and Indemnification: Limitations of liability and indemnification provisions compliant with Swiss law
12. General Provisions: Standard clauses including notices, entire agreement, amendments, and governing law
1. Foreign Buyer Provisions: Additional terms specifically for foreign buyers, including Lex Koller compliance requirements
2. Luxury Property Services: Enhanced service provisions for high-value properties, including additional discretion and specialized services
3. Multiple Territory Coverage: Specific terms for searches across multiple cantons or regions
4. Property Management Services: Additional terms if the agent will provide property management services post-purchase
5. Digital Services: Terms governing virtual viewings, digital documentation, and electronic communications
6. Success Fee Structure: Alternative compensation structures based on achieving specific targets or savings
1. Schedule A - Property Requirements: Detailed specifications of the buyer's property requirements including location, size, budget, and essential features
2. Schedule B - Commission Schedule: Detailed breakdown of commission rates, calculation methods, and payment terms
3. Schedule C - Service Level Details: Specific service standards, response times, and reporting requirements
4. Appendix 1 - Agent's Credentials: Copies of relevant licenses, certifications, and professional memberships
5. Appendix 2 - Power of Attorney: Optional power of attorney for specific actions on behalf of the buyer
6. Appendix 3 - Compliance Checklist: Anti-money laundering and other regulatory compliance requirements and procedures
Authors
Real Estate
Property Development
Legal Services
Financial Services
Property Management
Professional Services
Construction
Investment Management
Legal
Real Estate Operations
Compliance
Client Relations
Property Advisory
Contract Administration
Risk Management
Business Development
Investment Advisory
Transaction Support
Real Estate Agent
Property Buyer's Agent
Real Estate Broker
Property Consultant
Real Estate Advisory Manager
Client Relationship Manager
Legal Counsel
Compliance Officer
Real Estate Transaction Manager
Property Investment Advisor
Real Estate Operations Manager
Contract Administrator
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