¶¶Òõ¶ÌÊÓƵ

The Buyer Listing Agreement is a crucial document in Nigerian real estate transactions that formalizes the professional relationship between a property buyer and their chosen real estate agent or brokerage firm. This agreement is essential when a buyer seeks professional representation in their property search and acquisition process. It complies with Nigerian real estate regulations, including the Estate Surveyors and Valuers Registration Act and relevant consumer protection laws. The document typically includes specific property requirements, geographic limitations, commission structures, and the scope of the agent's authority. It provides legal protection for both parties and clearly defines their respective rights, obligations, and expectations throughout the property search and acquisition process. This agreement is particularly important in Nigeria's complex real estate market, where proper documentation and clear terms of engagement are essential for successful property transactions.

1. Parties: Identifies the real estate agent/brokerage firm and the buyer, including full legal names and addresses

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

3. Definitions: Defines key terms used throughout the agreement including 'Property Requirements', 'Territory', 'Commission', and 'Exclusive Right'

4. Appointment and Authority: Establishes the agency relationship and specifies the agent's authority to act on behalf of the buyer

5. Term of Agreement: Specifies the duration of the agreement, including start and end dates

6. Agent's Obligations: Details the services the agent will provide, including property search, negotiations, and advisory services

7. Buyer's Obligations: Outlines the buyer's responsibilities, including providing accurate requirements and cooperating with the agent

8. Commission Structure: Specifies the agent's compensation, payment terms, and conditions for commission earning

9. Confidentiality: Addresses the handling of confidential information shared between parties

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

11. Governing Law: Confirms Nigerian law as governing law and specifies jurisdiction

12. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties