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Buyer Agency Agreement Template for Denmark

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Buyer Agency Agreement

Document background
The Buyer Agency Agreement is a crucial document in Danish real estate transactions that formalizes the relationship between a property buyer and their chosen real estate agent. This agreement is essential when a buyer seeks professional representation in property transactions within Denmark or for Danish buyers seeking international properties. The document is structured to comply with Danish legal requirements, particularly the Danish Estate Agents Act and related regulations. It details the agent's authority to search for properties, negotiate terms, and represent the buyer's interests, while specifying commission structures, service levels, and professional obligations. The agreement becomes particularly important in complex transactions, multiple property searches, or when buyers require comprehensive professional support throughout the property acquisition process.
Suggested Sections

1. Parties: Identification of the buyer (principal) and the real estate agent (agent), including full legal names, addresses, and registration numbers

2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's qualification to provide services

3. Definitions: Key terms used throughout the agreement, including specific Danish legal terminology

4. Appointment and Scope of Authority: Formal appointment of the agent and detailed description of the agent's authority to act on behalf of the buyer

5. Agent's Services and Obligations: Comprehensive list of services to be provided by the agent, including property search, negotiation, and advisory services

6. Buyer's Obligations: Buyer's responsibilities, including providing accurate information, cooperation requirements, and exclusivity terms if applicable

7. Compensation: Fee structure, payment terms, and conditions for when compensation becomes due

8. Term and Termination: Duration of the agreement and circumstances under which either party may terminate

9. Confidentiality: Obligations regarding confidential information and compliance with GDPR requirements

10. Liability and Insurance: Extent of agent's liability, professional indemnity insurance, and limitation of liability provisions

11. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes

Optional Sections

1. International Property Search: Additional terms for searching properties outside Denmark, including coordination with foreign agents

2. Special Property Types: Specific terms for commercial, agricultural, or other specialized property types

3. Dual Agency Disclosure: Required when the agent may also represent sellers in certain transactions

4. Digital Communication: Terms for electronic communication and digital signature of documents

5. Property Inspection Services: Terms regarding coordination with property inspectors and handling of inspection reports

6. Mortgage Advisory: Terms regarding assistance with mortgage procurement and financial advisory limitations

Suggested Schedules

1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees, commissions, and payment structures

2. Schedule 2 - Property Requirements: Buyer's specific requirements for the desired property

3. Schedule 3 - Service Level Agreement: Detailed description of service standards and response times

4. Schedule 4 - Power of Attorney: If applicable, specific powers granted to the agent

5. Appendix A - Agent's Professional Credentials: Copies of relevant licenses and professional certifications

6. Appendix B - Privacy Notice: GDPR-compliant privacy notice detailing handling of personal data

Authors

Relevant legal definitions



































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Relevant Industries
Relevant Teams
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Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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