The Buyer Broker Exclusive Employment Agreement is a crucial document in Irish real estate transactions where a buyer seeks dedicated representation in property acquisition. This agreement is particularly important when buyers want professional assistance in searching for, evaluating, and negotiating property purchases. It establishes an exclusive relationship, protecting both the broker's interests in securing compensation and the buyer's interests in receiving dedicated, conflict-free representation. The document is structured to comply with Irish property services regulations, particularly the Property Services (Regulation) Act 2011, and includes detailed provisions for service scope, compensation, confidentiality, and termination conditions. It's commonly used in both residential and commercial property transactions where buyers seek professional representation.
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1. Parties: Identification of the buyer client and the licensed broker, including full legal names and addresses
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: Explicit statement of exclusive appointment and detailed scope of broker's services
5. Term and Exclusivity: Duration of the agreement and exclusivity provisions
6. Broker's Services and Obligations: Comprehensive list of services the broker will provide, including property search, negotiations, and advisory services
7. Client's Obligations: Buyer's responsibilities, including providing accurate requirements, maintaining exclusivity, and cooperating with the broker
8. Commission and Fees: Detailed structure of broker's compensation, including circumstances triggering payment
9. Confidentiality: Obligations regarding confidential information and data protection compliance
10. Termination: Conditions and process for ending the agreement, including notice periods and consequences
11. General Provisions: Standard legal clauses including governing law, notices, and entire agreement provisions
1. Protection Period: Used when the broker wants to ensure commission payment for properties shown during the agreement period but purchased after termination
2. Virtual Services: Include when broker will provide virtual viewings or remote services
3. International Properties: Required when the search scope includes properties outside Ireland
4. Multiple Buyers: Include when representing multiple buyers jointly
5. Special Requirements: Used when buyer has specific property requirements needing detailed documentation
1. Schedule 1 - Property Requirements: Detailed specifications of the type of property sought, including location, size, price range, and special requirements
2. Schedule 2 - Commission Structure: Detailed breakdown of commission calculations, including any sliding scales or special arrangements
3. Schedule 3 - Broker's Services: Comprehensive list of specific services included in the agreement
4. Appendix A - Proof of Broker's License: Copy of broker's current license and professional certifications
5. Appendix B - Data Protection Notice: GDPR-compliant privacy notice detailing how personal data will be handled
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Buyer Broker Exclusive Employment Agreement
An Irish law-governed agreement establishing exclusive representation rights between a real estate broker and property buyer.
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