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Buyer Representation Agreement for United Arab Emirates

Buyer Representation Agreement Template for United Arab Emirates

A Buyer Representation Agreement under UAE law is a formal contract that establishes a professional relationship between a property buyer and their appointed real estate representative. The agreement, governed by UAE federal laws and specific emirate-level regulations (particularly RERA in Dubai), outlines the scope of services, responsibilities, and compensation terms for the representative's assistance in property acquisition. This document ensures compliance with local real estate regulations while protecting both parties' interests through clear delineation of duties, confidentiality obligations, and terms of engagement in the UAE property market.

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Buyer Representation Agreement

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What is a Buyer Representation Agreement?

The Buyer Representation Agreement is a crucial document in UAE real estate transactions, designed to formalize the relationship between property buyers and their chosen representatives. This agreement becomes necessary when an individual or entity seeks professional assistance in purchasing property within the UAE market. The document, regulated by UAE federal laws and RERA (Real Estate Regulatory Agency) in Dubai, details the representative's authority to act on behalf of the buyer, including property search, negotiations, and transaction support. It incorporates specific UAE real estate requirements, such as broker licensing and registration, while addressing local market practices and regulatory compliance. The agreement serves as a protective mechanism for both parties by clearly defining roles, responsibilities, compensation structures, and the scope of representation.

What sections should be included in a Buyer Representation Agreement?

1. Parties: Identification of the buyer and the representative/broker, including all required details as per UAE regulations

2. Background: Context of the agreement and brief description of the buyer's intention to purchase property and need for representation

3. Definitions: Key terms used throughout the agreement, including specific UAE real estate terminology

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

5. Term: Duration of the agreement, including start date and termination conditions

6. Representative's Services: Detailed description of services to be provided, including property search, negotiations, and transaction support

7. Representative's Obligations: Legal and professional obligations of the representative, including compliance with UAE real estate laws

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

9. Fees and Payment Terms: Compensation structure, payment schedule, and terms for the representative's services

10. Exclusivity: Terms regarding exclusive representation rights and any territorial limitations

11. Confidentiality: Obligations regarding confidential information shared during the representation

12. Termination: Circumstances and processes for ending the agreement

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

What sections are optional to include in a Buyer Representation Agreement?

1. Property Requirements: Used when the buyer has specific property criteria that need to be documented

2. International Considerations: Include when the buyer is a foreign national, addressing specific requirements and restrictions

3. Power of Attorney: Include when the representative needs specific authority to act on behalf of the buyer

4. Islamic Finance Compliance: Include when the transaction must comply with Islamic finance principles

5. Multiple Property Provisions: Used when the buyer plans to purchase multiple properties

6. Special Market Conditions: Include specific provisions related to current market conditions or special circumstances

7. Language Requirements: Include when documents need to be in multiple languages or require certified translation

What schedules should be included in a Buyer Representation Agreement?

1. Schedule 1 - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms

2. Schedule 2 - Services Description: Comprehensive list of services to be provided by the representative

3. Schedule 3 - Property Requirements: Detailed specifications of the type of property sought

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

5. Appendix A - RERA Regulations: Relevant excerpts from RERA regulations affecting the representation

6. Appendix B - Buyer's Checklist: Checklist of actions and requirements for the buyer

7. Appendix C - Power of Attorney Template: Standard POA format if required for the representation

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

Legal Services

Financial Services

Construction

Investment

Professional Services

Hospitality

Retail

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Business Development

Client Relations

Contracts Administration

Property Management

Investment Advisory

Transaction Support

Risk Management

Relevant Roles

Real Estate Broker

Property Consultant

Legal Counsel

Compliance Officer

Real Estate Manager

Investment Advisor

Property Buyer

Real Estate Agent

Contract Manager

Business Development Manager

Real Estate Director

Property Investment Consultant

Client Relations Manager

Transaction Coordinator

Legal Director

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