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Buyer Agent Exclusive Agreement Template for Pakistan

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Key Requirements PROMPT example:

Buyer Agent Exclusive Agreement

"I need a Buyer Agent Exclusive Agreement for purchasing residential property in Lahore, Pakistan, with Shariah-compliant terms and a six-month exclusivity period starting March 2025, including provisions for virtual property viewings."

Document background
The Buyer Agent Exclusive Agreement is a crucial document in Pakistani real estate transactions that formalizes the professional relationship between a property buyer and their chosen real estate agent. This agreement is particularly important in Pakistan's dynamic real estate market, where having dedicated professional representation can be vital for successful property acquisition. The document is designed to comply with Pakistani contract law, including the Contract Act 1872 and relevant provincial real estate regulations. It establishes the agent's exclusive right to represent the buyer, details the scope of services, outlines commission structures, and defines both parties' obligations. This agreement is commonly used when buyers seek professional assistance in property search, negotiation, and transaction completion, especially in major urban centers like Karachi, Lahore, and Islamabad. The document typically includes provisions for compliance with local property laws, registration requirements, and where relevant, Islamic financial principles.
Suggested Sections

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

2. Background: Brief context explaining the buyer's intention to purchase property and the agent's qualification to provide real estate services

3. Definitions: Key terms used throughout the agreement including 'Property Requirements', 'Territory', 'Commission', 'Exclusive Period' etc.

4. Appointment and Scope: Formal appointment of the agent and detailed description of services to be provided, establishing exclusivity

5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination

6. Agent's Obligations: Detailed listing of agent's duties, including property search, negotiations, documentation, and professional conduct

7. Buyer's Obligations: Buyer's commitments including providing accurate requirements, cooperating with the agent, and maintaining exclusivity

8. Commission Structure: Details of agent's compensation, payment terms, and conditions triggering commission payment

9. Confidentiality: Obligations regarding confidential information shared during the engagement

10. Representations and Warranties: Standard declarations about capacity, authority, and compliance with laws

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

12. Execution: Signature blocks and execution formalities

Optional Sections

1. Islamic Finance Compliance: Section addressing Shariah compliance requirements, used when parties wish to ensure Islamic financial principles are followed

2. Multiple Buyers: Additional provisions for cases where multiple buyers are jointly engaging the agent

3. International Transactions: Special provisions for foreign buyers, including compliance with foreign exchange regulations

4. Property Management: Additional services if the agent will provide property management services post-purchase

5. Digital Communications: Provisions for electronic communications and virtual property viewings, especially relevant in modern transactions

6. Force Majeure: Provisions for unforeseen circumstances preventing performance, particularly relevant in uncertain times

Suggested Schedules

1. Schedule 1 - Property Requirements: Detailed specification of the type, location, and characteristics of properties the buyer is interested in

2. Schedule 2 - Commission Calculation: Detailed breakdown of commission structure, including examples and special circumstances

3. Schedule 3 - Authorized Representatives: List of persons authorized to act on behalf of the buyer or agent

4. Schedule 4 - Required Documents: Checklist of documents required from the buyer for property transactions

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

6. Appendix B - Service Level Standards: Detailed performance metrics and service standards the agent commits to maintain

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

Construction

Banking and Finance

Legal Services

Investment Management

Property Management

Commercial Property

Residential Property

Islamic Finance

Relevant Teams

Legal

Real Estate

Compliance

Property Acquisition

Investment

Contract Administration

Property Management

Document Control

Risk Management

Relevant Roles

Real Estate Agent

Property Consultant

Real Estate Broker

Legal Counsel

Property Lawyer

Compliance Officer

Real Estate Manager

Investment Advisor

Property Acquisition Manager

Real Estate Director

Contract Administrator

Islamic Finance Advisor

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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