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The Buyer Agency Agreement Form is a crucial document in Nigerian real estate transactions that formalizes the relationship between a property buyer and their chosen real estate agent. This agreement is essential when a buyer seeks professional representation in property acquisition, whether for residential, commercial, or investment purposes. The document is designed to comply with Nigerian real estate regulations, including the Estate Surveyors and Valuers Registration Act and relevant contract laws. It typically includes detailed provisions about the agent's services, compensation structure, duration of representation, and specific property requirements. The agreement protects both parties' interests by clearly defining roles, responsibilities, and expectations, while ensuring compliance with local legal requirements and professional standards. This document is particularly important in Nigeria's dynamic real estate market, where proper representation and clear contractual terms are essential for successful property transactions.

1. Parties: Identifies and provides full details of the buyer (principal) and the real estate agent (agent), including registration numbers and contact information

2. Background: Outlines the context of the agreement, including the buyer's intention to purchase property and the agent's qualifications to assist

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

4. Appointment and Authority: Formally establishes the agency relationship and defines the scope of the agent's authority to act on behalf of the buyer

5. Duration of Agreement: Specifies the term of the agreement, including start date and end date or conditions for termination

6. Agent's Services and Obligations: Details the specific services the agent will provide, including property search, negotiations, and advisory services

7. Buyer's Obligations: Outlines the buyer's responsibilities, including providing accurate information and cooperating with the agent

8. Compensation: Specifies the agent's fees, commission structure, and payment terms

9. Confidentiality: Establishes confidentiality obligations regarding sensitive information shared during the engagement

10. Termination: Details the circumstances and procedures for ending the agreement

11. Governing Law and Jurisdiction: Specifies that Nigerian law governs the agreement and establishes jurisdiction for dispute resolution

12. Entire Agreement: Confirms that the document represents the complete agreement between parties