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Buyer Agent Exclusive Agreement
"I need a Buyer Agent Exclusive Agreement under Belgian law for an international corporate client based in Japan, searching for commercial property in Brussels, with the agreement to be drafted in both English and French, starting from March 1, 2025."
1. Parties: Identification of the buyer(s) and the real estate agent, including full legal names, addresses, and professional registration numbers for the agent
2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's professional status
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Exclusive Period', and 'Commission'
4. Appointment and Scope: Formal appointment of the agent and detailed description of services to be provided, emphasizing the exclusive nature of the relationship
5. Duration: Term of the agreement, including start date and initial period, plus any renewal provisions
6. Agent's Obligations: Detailed list of services and duties the agent will perform, including property search, negotiations, and professional conduct requirements
7. Buyer's Obligations: Buyer's commitments, including providing accurate information, maintaining exclusivity, and cooperation requirements
8. Commission Structure: Detailed explanation of the agent's fees, when they become payable, and calculation method
9. Confidentiality: Obligations regarding confidential information and data protection compliance
10. Termination: Circumstances under which the agreement can be terminated by either party and the consequences of termination
11. General Provisions: Standard clauses including notices, entire agreement, amendments, governing law, and jurisdiction
1. Property Type Specifications: Detailed section specifying property types of interest when buyer has specific requirements
2. Regional Specific Provisions: Additional clauses specific to the Belgian region (Brussels-Capital, Flanders, or Wallonia) where the search will be conducted
3. Multiple Buyers Provisions: Additional terms for when there are multiple buyers acting together
4. International Buyer Provisions: Special considerations for non-Belgian residents, including tax implications and international payments
5. Mortgage Contingency: Provisions relating to the buyer's need to obtain financing
6. Language Provisions: Special provisions regarding language of communications and documents when working with non-native language speakers
1. Schedule 1: Property Requirements: Detailed specification of the buyer's requirements including location, size, price range, and essential features
2. Schedule 2: Commission Schedule: Detailed breakdown of commission rates, payment structures, and calculation examples
3. Schedule 3: Agent's Services: Comprehensive list of all services included in the agreement
4. Appendix A: Agent's Professional Credentials: Copies of the agent's professional registrations and certifications
5. Appendix B: Proof of Identity: Copies of identification documents for all parties as required by anti-money laundering regulations
6. Appendix C: Data Processing Agreement: GDPR-compliant data processing terms and privacy policy
Authors
Real Estate
Property Development
Professional Services
Financial Services
Legal Services
Construction
Property Management
Residential Housing
Commercial Property
Investment Services
Legal
Real Estate
Compliance
Property Acquisition
Client Services
Contract Administration
Risk Management
Investment Advisory
Document Control
Business Development
Real Estate Agent
Property Buyer's Agent
Real Estate Broker
Property Consultant
Real Estate Legal Counsel
Compliance Officer
Contract Manager
Property Acquisition Manager
Real Estate Transaction Coordinator
Client Relations Manager
Real Estate Investment Advisor
Property Portfolio Manager
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