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Buyer Broker Agreement Form for United Arab Emirates

Buyer Broker Agreement Form Template for United Arab Emirates

A legally binding agreement governed by UAE law that establishes the professional relationship between a real estate broker and a property buyer. The document outlines the broker's services, responsibilities, and compensation structure while complying with UAE Federal Laws and RERA regulations. It includes specific provisions for property search criteria, commission terms, exclusivity arrangements, and the duration of the engagement. The agreement ensures compliance with UAE real estate regulations while protecting both the broker's and buyer's interests in the property search and acquisition process.

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Buyer Broker Agreement Form

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What is a Buyer Broker Agreement Form?

The Buyer Broker Agreement Form is a crucial document in UAE real estate transactions, designed to formalize the relationship between property buyers and their chosen real estate brokers. This agreement is particularly important in the UAE market where real estate transactions are heavily regulated by authorities such as RERA in Dubai and similar bodies in other emirates. The document is used when a buyer seeks professional assistance in finding and acquiring property, whether for residential, commercial, or investment purposes. It includes essential elements required by UAE law such as broker's RERA license details, scope of services, commission structures, and property search criteria. The agreement protects both parties' interests while ensuring compliance with UAE Federal Laws, including Law No. 85 of 2006 and related real estate regulations.

What sections should be included in a Buyer Broker Agreement Form?

1. Parties: Identifies the broker and the buyer, including full legal names, licenses (for broker), and contact details

2. Background: Brief context explaining the buyer's intention to purchase property and the broker's role

3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Brokerage Services', 'Commission', etc.

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

5. Term of Agreement: Duration of the agreement, including start date and end date

6. Broker's Rights and Obligations: Detailed listing of broker's duties, responsibilities, and rights under UAE law

7. Buyer's Rights and Obligations: Buyer's responsibilities, including providing accurate information and cooperating with the broker

8. Commission Structure: Details of broker's compensation, payment terms, and conditions for commission earning

9. Exclusivity: Terms regarding whether the arrangement is exclusive or non-exclusive

10. Confidentiality: Obligations regarding confidential information shared during the engagement

11. Termination: Conditions and process for terminating the agreement

12. Governing Law and Jurisdiction: Specification of UAE law governance and jurisdiction for disputes

What sections are optional to include in a Buyer Broker Agreement Form?

1. Property Type Specifications: Detailed section for specific property requirements when buyer has exact specifications

2. International Considerations: Additional terms for international buyers, including compliance with UAE foreign ownership laws

3. Corporate Buyer Provisions: Special provisions when the buyer is a corporate entity rather than an individual

4. Multi-Unit Purchase Provisions: Additional terms for buyers seeking multiple properties

5. Mortgage Contingency: Terms related to property financing when buyer requires mortgage assistance

6. Force Majeure: Provisions for unforeseen circumstances preventing performance

7. Anti-Money Laundering Compliance: Additional compliance terms for high-value transactions or international buyers

What schedules should be included in a Buyer Broker Agreement Form?

1. Schedule 1 - Property Requirements: Detailed specifications of the type of property sought, including location, size, budget range

2. Schedule 2 - Commission Structure: Detailed breakdown of commission calculations and payment terms

3. Schedule 3 - Broker's Services: Comprehensive list of specific services to be provided by the broker

4. Schedule 4 - Required Documents: List of documents required from both parties for the engagement

5. Appendix A - Broker's License and Credentials: Copies of broker's RERA license and other relevant certifications

6. Appendix B - Power of Attorney: Optional POA form if broker will be authorized to act on buyer's behalf in certain matters

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions






























Clauses






























Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality

Professional Services

Legal Services

Financial Services

Relevant Teams

Legal

Real Estate

Compliance

Operations

Facilities

Business Development

Property Management

Corporate Services

Contracts Administration

Risk Management

Relevant Roles

Real Estate Broker

Property Consultant

Real Estate Agent

Legal Counsel

Property Acquisition Manager

Real Estate Director

Compliance Officer

Contract Manager

Business Development Manager

Investment Manager

Facilities Manager

Corporate Real Estate Manager

Chief Operating Officer

Real Estate Partner

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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