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Buyer Agency Agreement
"I need a Buyer Agency Agreement for our international corporate client seeking to acquire commercial properties in Qatar, with specific provisions for multiple property acquisitions and cross-border payment arrangements, to be effective from March 2025."
1. Parties: Identification and details of the buyer and the real estate agent/agency, including license numbers and contact information
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions: Key terms used throughout the agreement, including technical and legal terminology
4. Appointment and Scope of Services: Formal appointment of the agent and detailed description of services to be provided
5. Term of Agreement: Duration of the agency relationship, including start date and initial term
6. Agent's Obligations: Detailed responsibilities of the agent, including property search, negotiations, and documentation
7. Client's Obligations: Responsibilities and commitments of the buyer, including information provision and cooperation
8. Fees and Payment Terms: Structure and timing of agent's compensation, including commission rates and payment conditions
9. Exclusivity: Terms regarding whether the relationship is exclusive or non-exclusive
10. Confidentiality: Obligations regarding confidential information handling and protection
11. Compliance with Laws: Commitment to comply with relevant Qatari laws and regulations
12. Termination: Conditions and procedures for ending the agreement
13. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes
14. General Provisions: Standard contractual provisions including notices, amendments, and severability
1. Property Requirements: Detailed specifications of the type of property being sought, used when the buyer has specific requirements
2. Success Fee: Additional performance-based compensation structure, included when parties agree to performance incentives
3. Multiple Properties: Special terms for searching multiple properties or handling multiple transactions, used for portfolio buyers
4. International Considerations: Special provisions for international buyers, including currency considerations and international transfers
5. Power of Attorney: Authorization for the agent to act on behalf of the buyer in specific circumstances, used when buyer requires agent to have signing authority
6. Force Majeure: Provisions for unforeseen circumstances affecting performance, particularly relevant in uncertain market conditions
7. Anti-Money Laundering: Additional compliance requirements for high-value transactions or international buyers
1. Schedule 1 - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms
2. Schedule 2 - Services Description: Comprehensive list of services to be provided by the agent
3. Schedule 3 - Property Requirements: Detailed specifications of the desired property including location, size, budget, and features
4. Schedule 4 - Required Documentation: List of documents required from both parties for property transactions
5. Schedule 5 - Authorized Representatives: Names and contact details of authorized representatives from both parties
6. Appendix A - Agent's Credentials: Copies of agent's licenses, certifications, and professional credentials
7. Appendix B - Power of Attorney Template: Standard form for power of attorney if required during the relationship
Authors
Real Estate
Residential Property
Commercial Property
Industrial Property
Retail Property
Hospitality
Mixed-Use Development
Property Investment
Property Development
Legal
Real Estate
Compliance
Property Acquisition
Business Development
Investment
Contract Administration
Risk Management
Property Management
Real Estate Agent
Property Buyer
Real Estate Broker
Legal Counsel
Compliance Officer
Real Estate Manager
Property Acquisition Manager
Investment Manager
Real Estate Director
Chief Real Estate Officer
Property Portfolio Manager
Contracts Manager
Business Development Manager
Real Estate Consultant
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