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Buyer Broker Agreement
"I need a Buyer Broker Agreement under Qatar law for an exclusive 6-month arrangement starting January 2025, where the broker will help me find a residential property in West Bay area, with a budget of 2.5M QAR."
1. Parties: Identification of the broker and the buyer, including full legal names, addresses, and relevant registration/ID numbers
2. Background: Context of the agreement and general purpose of the brokerage relationship
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Commission', etc.
4. Appointment and Scope: Formal appointment of the broker and detailed description of services to be provided
5. Term: Duration of the agreement, including start date and initial term
6. Broker's Obligations: Detailed list of broker's duties, responsibilities, and service commitments
7. Client's Obligations: Buyer's responsibilities, including providing accurate information and cooperating with the broker
8. Commission Structure: Details of broker's compensation, payment terms, and conditions for commission earning
9. Confidentiality: Obligations regarding confidential information shared during the relationship
10. Exclusivity: Terms regarding the exclusive nature of the brokerage relationship
11. Termination: Circumstances and procedures for ending the agreement
12. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes
1. Property Type Specifications: Used when the buyer is looking for specific types of properties only
2. International Property Services: Include when the broker may need to source properties from outside Qatar
3. Additional Services: When broker provides supplementary services like property inspection or valuation
4. Sub-Agents: Include when the broker may need to appoint sub-agents or cooperate with other brokers
5. Force Majeure: Include for longer-term agreements to address unforeseen circumstances
6. Language: Include when agreement needs to be in both Arabic and English, specifying prevailing language
7. Anti-Money Laundering Compliance: Include for high-value transactions or when dealing with corporate buyers
1. Schedule 1 - Service Fee Structure: Detailed breakdown of all fees, commissions, and payment terms
2. Schedule 2 - Property Requirements: Detailed specifications of the type of property the buyer is seeking
3. Schedule 3 - Broker's Licenses: Copies of relevant broker licenses and registrations
4. Schedule 4 - Territory Map: If applicable, map or description of the geographical area covered
5. Appendix A - Required Documents: List of documents required from the buyer for property transactions
6. Appendix B - Service Level Agreement: Detailed performance metrics and service standards
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Investment Management
Professional Services
Construction
Hospitality
Retail
Industrial
Real Estate
Legal
Compliance
Property Management
Acquisitions
Investment
Operations
Business Development
Corporate Services
Risk Management
Real Estate Broker
Property Consultant
Real Estate Agent
Legal Counsel
Compliance Officer
Property Manager
Real Estate Director
Investment Manager
Acquisition Manager
Real Estate Operations Manager
Business Development Manager
Corporate Real Estate Manager
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