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Buyer Broker Agreement

Buyer Broker Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Buyer Broker Agreement

"I need a Hong Kong Buyer Broker Agreement for my investment company to engage a broker for acquiring multiple commercial properties, with a tiered commission structure and specific provisions for coordinating international property viewings."

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Document background
The Buyer Broker Agreement is a crucial document used in Hong Kong real estate transactions to formalize the relationship between a licensed real estate broker and a client seeking to purchase property. It is essential when a buyer wants professional representation in their property search and acquisition process. The agreement details the broker's duties, including property identification, market analysis, price negotiations, and transaction coordination. Governed by Hong Kong law and regulated under the Estate Agents Ordinance (Cap. 511), this document includes specific provisions for commission structures, service scope, and client obligations. It's particularly important in Hong Kong's dynamic property market where professional representation can be vital for successful property acquisition.
Suggested Sections

1. Parties: Identification of the broker/agency and the buyer client, including full legal names and contact details

2. Background: Brief context explaining the purpose of the agreement and the client's intention to engage the broker

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

4. Appointment and Scope of Services: Details of the broker's appointment and specific services to be provided

5. Broker's Obligations: Comprehensive list of broker's duties, including property search, negotiations, and professional conduct requirements

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

7. Commission Structure: Clear outline of commission rates, calculation methods, and payment terms

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Confidentiality: Obligations regarding confidential information and personal data protection

10. Liability and Indemnity: Extent of broker's liability and any indemnification provisions

11. General Provisions: Standard contractual terms including notices, amendments, and governing law

Optional Sections

1. Exclusivity Provisions: Used when the agreement is exclusive, defining the terms of exclusive representation

2. Additional Services: Include when broker offers extra services beyond standard property search, such as property inspection coordination or legal referrals

3. International Property Services: Include for agreements covering overseas property searches

4. Multiple Property Provisions: Used when client is seeking multiple properties or has multiple requirements

5. Special Payment Terms: Include when there are installment payments or special commission arrangements

6. Force Majeure: Optional clause for circumstances preventing performance, particularly relevant post-COVID

Suggested Schedules

1. Schedule 1: Property Requirements: Detailed specification of client's property requirements including location, size, budget, and other preferences

2. Schedule 2: Commission Structure: Detailed breakdown of commission calculations and payment scenarios

3. Schedule 3: Broker's Services: Comprehensive list of included and excluded services

4. Appendix A: Required Documents: List of documents required from the client for compliance and verification

5. Appendix B: Agency Disclosure Form: Standard form required under Hong Kong Estate Agents Ordinance

6. Appendix C: Client Information Form: KYC and client preference documentation as required by regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses


































Relevant Industries

Real Estate

Property Development

Property Investment

Financial Services

Professional Services

Corporate Services

Wealth Management

Residential Property

Commercial Property

Industrial Property

Relevant Teams

Legal

Compliance

Real Estate

Property Management

Business Development

Client Relations

Risk Management

Operations

Finance

Contract Administration

Relevant Roles

Real Estate Broker

Property Agent

Real Estate Agency Director

Compliance Officer

Legal Counsel

Property Investment Manager

Real Estate Transaction Manager

Client Relations Manager

Business Development Manager

Contract Administrator

Risk Manager

Property Portfolio 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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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