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Buyer Agency Agreement Template for Ireland

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Key Requirements PROMPT example:

Buyer Agency Agreement

"I need a Buyer Agency Agreement for a commercial property search across Dublin and Cork, Ireland, with a budget of €5-7 million, including provisions for virtual viewings and international buyer requirements."

Document background
The Buyer Agency Agreement is a crucial document in Irish real estate transactions that formalizes the relationship between a property buyer and their chosen real estate agent. This agreement is particularly important in Ireland where property transactions are governed by specific regulatory requirements under the Property Services (Regulation) Act 2011 and overseen by the Property Services Regulatory Authority. The document is used when a buyer seeks professional representation in their property search and acquisition process, whether for residential or commercial purposes. It typically includes detailed provisions about the agent's services, territory coverage, compensation structure, duration of representation, and compliance with Irish property laws and regulations. The agreement protects both parties by clearly defining their rights and obligations, ensuring transparency in the agency relationship, and establishing the framework for professional service delivery in accordance with Irish legal requirements.
Suggested Sections

1. Parties: Identifies and provides full details of the buyer (client) and the real estate agent/agency, including registration numbers and contact information

2. Background: Outlines the context of the agreement - that the buyer wishes to engage the agent to assist in finding and purchasing property

3. Definitions: Defines key terms used throughout the agreement including 'Property Requirements', 'Territory', 'Agency Period', and 'Agency Fee'

4. Appointment and Scope of Services: Details the buyer's appointment of the agent and specifies the services the agent will provide

5. Agent's Obligations: Lists the agent's duties including property search, viewings arrangement, negotiation support, and due diligence assistance

6. Client's Obligations: Outlines the buyer's responsibilities including providing accurate requirements, prompt communication, and necessary documentation

7. Agency Period: Specifies the duration of the agreement and any renewal or extension terms

8. Fees and Payment Terms: Details the agent's compensation structure, payment timing, and any additional costs or expenses

9. Confidentiality: Addresses the handling of confidential information and data protection requirements under GDPR

10. Termination: Specifies circumstances and procedures for ending the agreement

11. General Provisions: Contains standard legal clauses including governing law, entire agreement, and notices

Optional Sections

1. Exclusivity: Optional clause establishing whether the agency relationship is exclusive or non-exclusive - used when the parties want to explicitly define exclusivity

2. International Property Search: Additional provisions for cases where the property search extends beyond Ireland

3. Property Management Services: Additional terms for when the agent will provide property management services post-purchase

4. Special Requirements: Section for unusual or specific property requirements or circumstances

5. Virtual Viewings: Provisions for virtual property viewings and remote services - particularly relevant post-COVID

6. Market Analysis Services: Additional terms for detailed market analysis and reporting services

7. Power of Attorney: Optional provisions for cases where the buyer grants specific powers to the agent

Suggested Schedules

1. Schedule 1 - Property Requirements: Detailed specification of the type, location, size, and other requirements for the property being sought

2. Schedule 2 - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms

3. Schedule 3 - Services Description: Comprehensive list and description of all services to be provided by the agent

4. Schedule 4 - Required Documentation: List of all documentation required from the buyer for anti-money laundering and other regulatory compliance

5. Appendix A - Agent's Credentials: Copies of agent's licenses, registrations, and professional certifications

6. Appendix B - Territory Map: Map or description of the geographical area where the agent will conduct the property search

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























Clauses


























Relevant Industries

Real Estate

Property Development

Professional Services

Legal Services

Financial Services

Hospitality

Retail

Corporate Services

Construction

Relevant Teams

Legal

Real Estate

Compliance

Procurement

Facilities Management

Corporate Services

Risk Management

Property Services

Operations

Acquisitions

Relevant Roles

Real Estate Agent

Property Buyer

Property Consultant

Real Estate Broker

Legal Counsel

Compliance Officer

Property Services Manager

Acquisition Manager

Real Estate Director

Property Portfolio Manager

Commercial Director

Facilities Manager

Real Estate Investment Manager

Corporate Real Estate Manager

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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