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Buyer Representation Contract
"I need a Buyer Representation Contract for an international client seeking to invest in commercial properties in Sydney, with a budget range of $5-10M AUD, including FIRB approval requirements and multi-property purchase provisions, with the agreement term starting March 1, 2025."
1. Parties: Identification of the buyer (client) and the buyer's agent/agency, including full legal names, addresses, and relevant license numbers
2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's offer of representation services
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Service Period', 'Agency Fee', etc.
4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the buyer
5. Service Period: Duration of the agreement, including start date and end date or triggering events
6. Agent's Services and Obligations: Detailed description of services to be provided, including property search, negotiations, and advisory services
7. Client's Obligations: Buyer's responsibilities, including providing accurate information, maintaining communication, and decision-making timeframes
8. Fees and Expenses: Compensation structure, payment terms, and reimbursable expenses
9. Confidentiality: Obligations regarding confidential information and privacy protection
10. Termination: Circumstances and processes for ending the agreement, including notice requirements
11. Dispute Resolution: Process for handling disagreements and conflicts between parties
12. General Provisions: Standard legal clauses including governing law, entire agreement, and amendments
1. Special Property Requirements: Used when the buyer has specific property criteria or requirements that need detailed documentation
2. International Buyer Provisions: Required for overseas buyers, including FIRB approval requirements and specific compliance obligations
3. Multiple Property Purchase: When the buyer intends to purchase multiple properties under the same agreement
4. Buyer's Representative: When the buyer appoints a representative to act on their behalf, including power of attorney provisions
5. Success Fee Structure: When including performance-based compensation in addition to standard fees
6. Specific Market Conditions: When specific market conditions require special considerations or strategies
7. Team Structure: When multiple agents or team members will be involved in providing services
1. Schedule A - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms
2. Schedule B - Property Requirements: Detailed specifications of the type of property sought, including location, price range, and features
3. Schedule C - Service Deliverables: Comprehensive list of specific services to be provided by the agent
4. Schedule D - Excluded Properties: List of properties already identified by the buyer or excluded from the agreement
5. Appendix 1 - Agent Credentials: Copies of relevant licenses, certifications, and professional memberships
6. Appendix 2 - Communication Protocol: Agreed communication methods, frequency, and response times
7. Appendix 3 - Privacy Policy: Detailed privacy and data handling policies
Authors
Real Estate
Property Development
Legal Services
Financial Services
Property Management
Professional Services
Construction
Investment Management
Legal
Real Estate
Compliance
Property Acquisitions
Client Relations
Contract Administration
Risk Management
Business Development
Investment Advisory
Real Estate Agent
Buyer's Agent
Property Consultant
Real Estate Broker
Legal Counsel
Contracts Manager
Property Manager
Investment Advisor
Real Estate Director
Compliance Officer
Property Acquisition Manager
Client Relations Manager
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