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Buyer Broker Exclusive Agreement Template for Denmark

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Key Requirements PROMPT example:

Buyer Broker Exclusive Agreement

I need a Buyer Broker Exclusive Agreement under Danish law for searching commercial properties in Copenhagen, with a specified commission structure of 2% and term ending March 1, 2025, including provisions for cross-border property search in Germany.

What is a Buyer Broker Exclusive Agreement?

The Buyer Broker Exclusive Agreement is a crucial document used in Danish real estate transactions when a buyer wishes to secure dedicated representation in their property search. This agreement type is particularly relevant in Denmark's competitive real estate market, where having exclusive professional representation can be advantageous. The document complies with the Danish Estate Agents Act and related regulations, establishing clear terms for the broker's services, exclusivity period, and compensation structure. It protects both parties' interests by clearly defining the scope of services, property requirements, and terms of engagement. Typically used by both private and commercial buyers, the agreement ensures professional representation throughout the property search and acquisition process while maintaining compliance with Danish legal requirements.

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

1. Parties: Identification of the buyer and the broker, including full legal names, addresses, and registration numbers

2. Background: Context of the agreement, including the buyer's intention to purchase property and the broker's qualifications

3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Exclusive Period', and 'Commission'

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

5. Exclusivity: Terms of the exclusive relationship, preventing the buyer from engaging other brokers

6. Duration: Term of the agreement, including start date, end date, and any renewal provisions

7. Broker's Services: Detailed description of services the broker will provide, including property search, negotiations, and advisory services

8. Buyer's Obligations: Buyer's responsibilities, including providing accurate requirements and cooperating with the broker

9. Commission and Payments: Structure and timing of broker's compensation, including circumstances triggering payment

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

11. Termination: Circumstances and procedures for ending the agreement

12. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes

13. Signatures: Execution blocks for all parties

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

1. Success Fee: Additional compensation structure based on achieving specific targets, used when parties agree to performance-based incentives

2. International Properties: Additional provisions for cross-border property searches, included when buyer is interested in properties outside Denmark

3. Multiple Buyers: Special provisions for multiple buyers acting together, used when there are joint buyers

4. Mortgage Assistance: Additional services related to mortgage procurement, included when broker offers financing assistance

5. Property Management: Post-purchase property management services, included when broker offers these additional services

6. Force Majeure: Provisions for unforeseen circumstances preventing performance, included in longer-term agreements

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

1. Schedule 1 - Property Requirements: Detailed specifications of the type of property the buyer is seeking, including location, size, price range, and essential features

2. Schedule 2 - Commission Structure: Detailed breakdown of commission calculations, including any sliding scales or special circumstances

3. Schedule 3 - Broker's Services: Comprehensive list of specific services included in the broker's scope of work

4. Schedule 4 - Excluded Properties: List of properties already known to the buyer or excluded from the agreement

5. Appendix A - Broker's Credentials: Copies of broker's licenses, certifications, and professional memberships

6. Appendix B - Power of Attorney: Optional power of attorney document for specific actions broker may take on buyer's behalf

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

Relevant legal definitions






























Clauses






























Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Real Estate Investment

Property Management

Legal Services

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Acquisitions

Property Management

Investment

Contract Administration

Transaction Management

Due Diligence

Relevant Roles

Real Estate Broker

Property Consultant

Real Estate Agent

Legal Counsel

Property Advisor

Investment Manager

Real Estate Manager

Acquisition Manager

Property Portfolio Manager

Real Estate Director

Compliance Officer

Contract Manager

Transaction Manager

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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