The Commercial Buyer Representation Agreement serves as the foundational document establishing the professional relationship between commercial property buyers and their chosen real estate representatives in the United States. This agreement is essential when a buyer seeks professional assistance in identifying, evaluating, and acquiring commercial property. It clearly defines the scope of services, compensation structure, and duration of representation while ensuring compliance with state and federal regulations. The document protects both parties' interests by clearly outlining responsibilities, expectations, and terms of engagement, including exclusive representation periods and commission structures.
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1. Parties: Identifies the buyer and the real estate broker/agent, including contact details and licensing information
2. Background: Brief context of the buyer's intention to acquire commercial property and need for representation
3. Definitions: Key terms used throughout the agreement including 'Property', 'Commission', 'Exclusive Period', etc.
4. Scope of Services: Detailed description of services the broker will provide to the buyer
5. Term and Termination: Duration of the agreement and conditions for termination
6. Compensation: Commission structure and payment terms
7. Agency Relationship: Definition of the fiduciary relationship and duties
8. Representations and Warranties: Statements of fact and promises by both parties
1. Property Specifications: Detailed requirements for target properties - use when buyer has specific property requirements
2. Dual Agency Provisions: Terms governing situations where broker represents both buyer and seller - use when dual agency is permitted in the jurisdiction
3. International Considerations: Special provisions for international buyers - use when buyer is a foreign entity
4. Confidentiality: Terms regarding confidential information handling - use when dealing with sensitive commercial transactions
1. Schedule A - Property Requirements: Detailed specifications of desired property characteristics
2. Schedule B - Commission Structure: Detailed breakdown of commission calculations and scenarios
3. Schedule C - Agency Disclosure Form: State-mandated agency relationship disclosure document
4. Schedule D - Broker's Services: Comprehensive list of services to be provided by broker
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