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Buyer Broker Contract
"I need a Buyer Broker Contract for our Singapore-based company expanding into Indonesia, with exclusive rights for a broker to source industrial properties in Jakarta valued between $5-10M USD, starting March 2025."
1. Parties: Identification of the broker and the buyer, including complete legal names, addresses, and registration numbers
2. Background: Context of the agreement, establishing the buyer's intention to engage the broker's services
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Exclusive Period', etc.
4. Appointment and Scope of Services: Formal appointment of the broker and detailed description of services to be provided
5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination
6. Broker's Obligations: Detailed responsibilities of the broker, including property search, negotiations, and reporting
7. Client's Obligations: Buyer's responsibilities, including providing accurate requirements and cooperating with the broker
8. Commission Structure: Details of broker's fees, payment terms, and conditions for commission earning
9. Confidentiality: Obligations regarding confidential information and client privacy
10. Representations and Warranties: Standard declarations about broker's qualifications and buyer's authority
11. Liability and Indemnification: Limitations of broker's liability and mutual indemnification provisions
12. Governing Law and Dispute Resolution: Specification of Indonesian law application and dispute resolution mechanisms
1. Exclusivity: Terms of exclusive representation, used when the broker has sole rights to represent the buyer
2. International Transactions: Additional provisions for cross-border property transactions, when applicable
3. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in uncertain times
4. Anti-Money Laundering: Compliance requirements for high-value transactions or international buyers
5. Digital Communications: Terms for electronic communications and virtual property viewings
6. Broker Network Cooperation: Terms for working with other brokers or agencies
7. Property Management Services: Additional terms if the broker will provide property management services post-purchase
1. Schedule A - Service Fee Structure: Detailed breakdown of all fees, commissions, and payment terms
2. Schedule B - Property Requirements: Detailed specification of the buyer's property requirements and preferences
3. Schedule C - Broker's Credentials: Copies of broker's licenses, certifications, and professional memberships
4. Schedule D - Required Documents: List of documents required from the buyer for property transactions
5. Appendix 1 - Power of Attorney: Standard form for authorizing the broker to act on buyer's behalf
6. Appendix 2 - Reporting Template: Standard format for periodic reports from broker to buyer
7. Appendix 3 - Compliance Checklist: Checklist of regulatory requirements and necessary approvals
Authors
Real Estate
Commercial Property
Residential Property
Industrial Property
Retail Property
Hospitality
Investment Services
Professional Services
Construction
Development
Foreign Investment
Legal
Compliance
Real Estate
Property Acquisition
Investment
Procurement
Risk Management
Business Development
Contract Administration
Corporate Services
Real Estate Broker
Property Consultant
Investment Manager
Legal Counsel
Compliance Officer
Property Acquisition Manager
Real Estate Director
Chief Investment Officer
Procurement Manager
Business Development Manager
Contract Administrator
Risk Manager
Property Portfolio Manager
Corporate Real Estate Manager
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