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Buyer Agency Agreement Form Template for Australia

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Key Requirements PROMPT example:

Buyer Agency Agreement Form

"I need a Buyer Agency Agreement Form for an Australian property investor who requires representation for multiple commercial property purchases across different states, with a success-based fee structure and a 12-month term starting March 2025."

Document background
The Buyer Agency Agreement Form is a crucial legal document used in Australian property transactions when a client engages a professional buyer's agent to act on their behalf in property purchases. This agreement is essential for establishing clear parameters of the agency relationship, defining the scope of services, and protecting both parties' interests. It must comply with Australian federal and state-specific real estate regulations, including the Property and Stock Agents Act 2002 and relevant consumer protection laws. The document typically includes detailed provisions about the agent's authority, service scope, fee structures, and obligations, while incorporating mandatory cooling-off periods and disclosure requirements as per Australian law. This agreement is particularly important in competitive property markets where professional representation can be crucial for successful property acquisition.
Suggested Sections

1. Parties: Identifies and provides full details of the buyer's agent and the client(s)

2. Background: Establishes the context of the agreement, including the client's intention to purchase property and the agent's services offering

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Appointment and Authority: Formally establishes the agency relationship and outlines the scope of authority granted to the agent

5. Agent's Services: Details the specific services to be provided by the buyer's agent

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

7. Agent's Fees and Expenses: Outlines all fees, commissions, and reimbursable expenses, including payment terms and conditions

8. Client's Obligations: Lists the responsibilities and obligations of the client during the agreement period

9. Agent's Obligations: Details the agent's duties, responsibilities, and professional obligations

10. Confidentiality: Addresses the handling and protection of confidential information

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

12. Dispute Resolution: Outlines the process for resolving disputes between parties

13. Governing Law: Specifies that the agreement is governed by Australian law and the relevant state jurisdiction

14. Execution: Formal signing section including date and witness requirements

Optional Sections

1. Exclusivity: Defines whether the agreement is exclusive or non-exclusive, used when specific arrangements about working with other agents need to be addressed

2. Success Fee: Details any additional fees payable upon successful property purchase, used when performance-based compensation is agreed

3. Interstate Purchases: Additional terms for property purchases in different states, used when the client may purchase interstate

4. Digital Communications: Provisions for electronic communications and digital signatures, used when parties agree to conduct business electronically

5. Multiple Clients: Additional terms for multiple buyers acting together, used when there are joint clients

6. Special Conditions: Any unique terms or conditions specific to the client's requirements

Suggested Schedules

1. Schedule A - Fee Structure: Detailed breakdown of all fees, commissions, and payment structures

2. Schedule B - Services Description: Comprehensive list of services to be provided by the agent

3. Schedule C - Property Requirements: Client's specific requirements for the property they wish to purchase

4. Schedule D - Authorized Representatives: List of authorized representatives who can act on behalf of either party

5. Appendix 1 - Required Disclosures: Mandatory disclosures required by relevant state legislation

6. Appendix 2 - Privacy Statement: Detailed privacy policy and handling of personal information

7. Appendix 3 - Cooling-off Notice: Mandatory cooling-off period notice as required by state law

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 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

Legal Services

Financial Services

Property Investment

Residential Property

Commercial Property

Professional Services

Relevant Teams

Legal

Compliance

Real Estate Operations

Property Services

Contract Administration

Risk Management

Business Development

Client Services

Documentation

Relevant Roles

Buyer's Agent

Property Buyer's Advocate

Real Estate Agent

Property Consultant

Legal Counsel

Compliance Officer

Contract Administrator

Real Estate Transaction Coordinator

Property Portfolio Manager

Risk Manager

Operations Manager

Business Development Manager

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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