The Buyer Representation Agreement Form is essential when engaging professional representation in property transactions within England and Wales. This document formalizes the relationship between buyer and agent, detailing service scope, fee structures, and mutual obligations. It's particularly important in protecting both parties' interests and ensuring clarity in the representation arrangement. The agreement complies with the Estate Agents Act 1979 and relevant consumer protection legislation, providing a framework for professional property representation services.
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1. Parties: Identification of the buyer and the agent/representative, including full legal names and addresses
2. Background: Context of the agreement and general purpose of the representation
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided by the agent
5. Duration: Term of the agreement, including start and end dates
6. Fees and Payment Terms: Structure of fees, payment schedule, and conditions for payment
7. Rights and Obligations: Duties and responsibilities of both parties
8. Termination: Conditions and process for ending the agreement
1. Exclusivity Clause: Terms of exclusive representation, used when the agent requires exclusive rights to represent the buyer
2. Property Specifications: Detailed requirements for the property being sought, used when searching for specific types of properties
3. International Considerations: Special provisions for international buyers, used when the buyer is based outside the UK
4. Additional Services: Supplementary services offered by the agent, used when offering services beyond standard representation
1. Schedule 1: Fee Structure: Detailed breakdown of all fees and commissions
2. Schedule 2: Service Level Agreement: Detailed specifications of service standards and response times
3. Appendix A: Property Requirements: Detailed list of buyer's property requirements and preferences
4. Appendix B: Required Documentation: List of documents required from both parties
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