Buyer Broker Exclusive Agreement

Buyer Broker Exclusive Agreement Template for Denmark

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Document background

The Buyer Broker Exclusive Agreement is a crucial document used in Danish real estate transactions when a buyer wishes to secure dedicated representation in their property search. This agreement type is particularly relevant in Denmark's competitive real estate market, where having exclusive professional representation can be advantageous. The document complies with the Danish Estate Agents Act and related regulations, establishing clear terms for the broker's services, exclusivity period, and compensation structure. It protects both parties' interests by clearly defining the scope of services, property requirements, and terms of engagement. Typically used by both private and commercial buyers, the agreement ensures professional representation throughout the property search and acquisition process while maintaining compliance with Danish legal requirements.

Suggested Sections

1. Parties: Identification of the buyer and the broker, including full legal names, addresses, and registration numbers

2. Background: Context of the agreement, including the buyer's intention to purchase property and the broker'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 broker and detailed scope of services to be provided

5. Exclusivity: Terms of the exclusive relationship, preventing the buyer from engaging other brokers

6. Duration: Term of the agreement, including start date, end date, and any renewal provisions

7. Broker's Services: Detailed description of services the broker will provide, including property search, negotiations, and advisory services

8. Buyer's Obligations: Buyer's responsibilities, including providing accurate requirements and cooperating with the broker

9. Commission and Payments: Structure and timing of broker's compensation, including circumstances triggering payment

10. Confidentiality: Obligations regarding confidential information shared during the relationship

11. Termination: Circumstances and procedures for ending the agreement

12. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes

13. Signatures: Execution blocks for all parties

Optional Sections

1. Success Fee: Additional compensation structure based on achieving specific targets, used when parties agree to performance-based incentives

2. International Properties: Additional provisions for cross-border property searches, included when buyer is interested in properties outside Denmark

3. Multiple Buyers: Special provisions for multiple buyers acting together, used when there are joint buyers

4. Mortgage Assistance: Additional services related to mortgage procurement, included when broker offers financing assistance

5. Property Management: Post-purchase property management services, included when broker offers these additional services

6. Force Majeure: Provisions for unforeseen circumstances preventing performance, included in longer-term agreements

Suggested Schedules

1. Schedule 1 - Property Requirements: Detailed specifications of the type of property the buyer is seeking, including location, size, price range, and essential features

2. Schedule 2 - Commission Structure: Detailed breakdown of commission calculations, including any sliding scales or special circumstances

3. Schedule 3 - Broker's Services: Comprehensive list of specific services included in the broker's scope of work

4. Schedule 4 - Excluded Properties: List of properties already known to the buyer or excluded from the agreement

5. Appendix A - Broker's Credentials: Copies of broker's licenses, certifications, and professional memberships

6. Appendix B - Power of Attorney: Optional power of attorney document for specific actions broker may take on buyer's behalf

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