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Buyer Broker Exclusive Employment Agreement
"I need a Buyer Broker Exclusive Employment Agreement for a high-net-worth individual seeking luxury residential properties in Dublin, with specific provisions for international property viewings and virtual tours, starting March 2025."
1. Parties: Identification of the buyer client and the licensed broker, including full legal names and addresses
2. Background: Context of the agreement, including the buyer's intention to purchase property and the broker's qualifications
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Exclusive Period', and 'Commission'
4. Appointment and Scope: Explicit statement of exclusive appointment and detailed scope of broker's services
5. Term and Exclusivity: Duration of the agreement and exclusivity provisions
6. Broker's Services and Obligations: Comprehensive list of services the broker will provide, including property search, negotiations, and advisory services
7. Client's Obligations: Buyer's responsibilities, including providing accurate requirements, maintaining exclusivity, and cooperating with the broker
8. Commission and Fees: Detailed structure of broker's compensation, including circumstances triggering payment
9. Confidentiality: Obligations regarding confidential information and data protection compliance
10. Termination: Conditions and process for ending the agreement, including notice periods and consequences
11. General Provisions: Standard legal clauses including governing law, notices, and entire agreement provisions
1. Protection Period: Used when the broker wants to ensure commission payment for properties shown during the agreement period but purchased after termination
2. Virtual Services: Include when broker will provide virtual viewings or remote services
3. International Properties: Required when the search scope includes properties outside Ireland
4. Multiple Buyers: Include when representing multiple buyers jointly
5. Special Requirements: Used when buyer has specific property requirements needing detailed documentation
1. Schedule 1 - Property Requirements: Detailed specifications of the type of property sought, including location, size, price range, and special requirements
2. Schedule 2 - Commission Structure: Detailed breakdown of commission calculations, including any sliding scales or special arrangements
3. Schedule 3 - Broker's Services: Comprehensive list of specific services included in the agreement
4. Appendix A - Proof of Broker's License: Copy of broker's current license and professional certifications
5. Appendix B - Data Protection Notice: GDPR-compliant privacy notice detailing how personal data will be handled
Authors
Real Estate
Property Development
Professional Services
Legal Services
Financial Services
Corporate Services
Investment Management
Commercial Property
Residential Property
Legal
Compliance
Real Estate
Property Services
Corporate Development
Acquisitions
Investment
Risk Management
Operations
Real Estate Broker
Property Consultant
Real Estate Agent
Legal Counsel
Compliance Officer
Property Manager
Investment Manager
Corporate Real Estate Manager
Acquisitions Manager
Real Estate Director
Property Services Manager
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