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The Buyer Agent Commission Agreement is a crucial document in Indian real estate transactions that formalizes the relationship between a property buyer and their chosen real estate agent. This agreement becomes necessary when a buyer seeks professional representation in property transactions, whether for residential, commercial, or investment purposes. The document, governed by Indian law and RERA regulations, typically includes detailed commission structures, service scope, exclusivity terms, and protection periods. It serves as a legal safeguard for both parties by clearly defining the agent's responsibilities in property search, negotiation, and transaction support, while establishing the buyer's obligations regarding commission payment and cooperation. This agreement is particularly important in the Indian context where real estate transactions require careful documentation and compliance with various regulatory requirements.

1. Parties: Identification of the buyer (principal) and the real estate agent (agent), including full legal names, addresses, and registration details

2. Background: Context of the agreement, including the agent's RERA registration status and the buyer's intention to engage the agent

3. Definitions: Key terms used in the agreement including 'Property', 'Commission', 'Successful Transaction', 'Exclusive Period' etc

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

5. Term and Exclusivity: Duration of the agreement and whether the relationship is exclusive

6. Commission Structure: Detailed breakdown of commission rates, calculation method, and payment terms

7. Agent's Obligations: Specific duties and responsibilities of the agent including property search, negotiations, and documentation

8. Buyer's Obligations: Responsibilities of the buyer including providing accurate requirements and cooperating with the agent

9. Payment Terms: Timing and method of commission payment, including any advance payments or deposits

10. Termination: Conditions and process for ending the agreement by either party

11. Confidentiality: Protection of confidential information shared during the engagement

12. Governing Law: Specification of Indian law as governing law and jurisdiction details

13. Dispute Resolution: Process for resolving disputes between parties