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Exclusive Buyer Agent Agreement Template for Pakistan

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Key Requirements PROMPT example:

Exclusive Buyer Agent Agreement

"I need an Exclusive Buyer Agent Agreement for a Shariah-compliant residential property search in Lahore, Pakistan, with a 6-month exclusivity period starting March 2025 and a commission rate of 2% of the purchase price."

Document background
The Exclusive Buyer Agent Agreement is a crucial document used in Pakistani real estate transactions when a buyer seeks dedicated representation in property acquisition. This agreement establishes an exclusive professional relationship where the agent commits to finding and securing suitable properties while representing only the buyer's interests. The document is particularly important in Pakistan's dynamic real estate market, where having dedicated representation can be vital for navigating complex property transactions. It typically includes detailed terms about the agent's services, exclusivity period, commission structure, and obligations of both parties, all aligned with Pakistani legal requirements and market practices. The agreement becomes especially relevant in competitive property markets where buyers need assured, dedicated representation and agents need security in their professional engagement.
Suggested Sections

1. Parties: Identification of the buyer (client) and the real estate agent/agency, including full legal names, addresses, and contact details

2. Background: Context of the agreement, establishing 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', 'Exclusive Period', and 'Commission'

4. Appointment and Scope: Explicit statement of exclusive appointment and detailed scope of agent's services

5. Term and Exclusivity: Duration of the agreement and terms of exclusive representation

6. Agent's Obligations: Comprehensive list of agent's duties, including property search, negotiations, and professional conduct requirements

7. Buyer's Obligations: Buyer's commitments, including providing accurate requirements, maintaining exclusivity, and cooperation

8. Commission Structure: Detailed breakdown of agent's compensation, payment terms, and conditions for commission earning

9. Confidentiality: Obligations regarding confidential information and its handling

10. Termination: Conditions and process for ending the agreement, including notice requirements

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

12. General Provisions: Standard contractual provisions including amendments, notices, and severability

Optional Sections

1. Shariah Compliance: Section declaring compliance with Islamic principles, particularly relevant for Muslim clients or Islamic banking requirements

2. Protection Period: Post-termination period during which the agent remains entitled to commission for properties shown

3. Sub-Agency: Terms allowing or prohibiting the appointment of sub-agents

4. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

5. Dispute Resolution: Alternative dispute resolution mechanisms like mediation before litigation

6. Digital Communications: Terms governing electronic communications and digital document validity

Suggested Schedules

1. Schedule 1 - Property Requirements: Detailed specifications of the type of property the buyer is seeking, including location, size, budget, and special requirements

2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates, payment terms, and examples of commission calculations

3. Schedule 3 - Agent's Services: Comprehensive list of specific services to be provided by the agent

4. Appendix A - Required Documents: List of documents required from the buyer for property transactions

5. Appendix B - Code of Conduct: Reference to or copy of applicable real estate agent professional conduct standards

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

Residential Property

Commercial Property

Industrial Property

Legal Services

Property Development

Property Investment

Construction

Relevant Teams

Legal

Real Estate

Property Acquisition

Compliance

Contract Administration

Investment Advisory

Property Management

Transaction Services

Relevant Roles

Real Estate Agent

Property Consultant

Real Estate Broker

Legal Counsel

Property Lawyer

Real Estate Manager

Investment Advisor

Property Acquisition Manager

Real Estate Transaction Coordinator

Compliance Officer

Contract Administrator

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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