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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."
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
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
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
Real Estate
Property Development
Professional Services
Legal Services
Financial Services
Hospitality
Retail
Corporate Services
Construction
Legal
Real Estate
Compliance
Procurement
Facilities Management
Corporate Services
Risk Management
Property Services
Operations
Acquisitions
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
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