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This Buyer Broker Contract is essential for formalizing the professional relationship between property brokers and buyers in Ireland. It is specifically designed for situations where a buyer seeks professional representation in property transactions, whether for residential, commercial, or investment purposes. The contract ensures compliance with Irish regulations, particularly the Property Services (Regulation) Act 2011, and outlines the broker's obligations to act in the buyer's best interests. It includes comprehensive details about service scope, fee structures, confidentiality obligations, and regulatory compliance requirements. This document is particularly important in protecting both parties' interests and establishing clear expectations for the property acquisition process, while ensuring adherence to Irish property law and financial services regulations.

1. Parties: Identification of the broker and the buyer, including full legal names and addresses

2. Background: Context of the agreement and brief overview of the broker's services to be provided

3. Definitions: Key terms used throughout the agreement, including regulatory and industry-specific terminology

4. Appointment and Scope of Services: Formal appointment of the broker and detailed description of services to be provided

5. Broker's Obligations: Detailed responsibilities of the broker, including regulatory compliance and professional standards

6. Buyer's Obligations: Responsibilities of the buyer, including providing accurate information and cooperation

7. Fees and Payment Terms: Structure of broker's compensation, payment schedule, and reimbursable expenses

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Confidentiality: Obligations regarding confidential information and data protection requirements

10. Liability and Indemnification: Limitations of liability and indemnification provisions

11. Insurance: Required insurance coverage maintained by the broker

12. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction for disputes

13. General Provisions: Standard boilerplate clauses including notices, amendments, and severability