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Buyers Representation Agreement
"I need a Buyer's Representation Agreement for a non-exclusive arrangement with a real estate agent in Auckland, New Zealand, focusing on commercial property investments with a budget range of $2-5 million, to commence from March 1, 2025."
1. Parties: Identifies the real estate agent/agency and the buyer, including full legal names and contact details
2. Background: Explains the context of the agreement - that the buyer wishes to engage the agent to assist in finding and purchasing property
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Term: Establishes the agent's appointment, specifies whether it's exclusive or non-exclusive, and sets the duration of the agreement
5. Agent's Services: Details the specific services the agent will provide to the buyer
6. Buyer's Instructions and Requirements: Outlines the buyer's property requirements, preferences, and price range
7. Agent's Obligations: Lists the agent's duties, including statutory obligations under the Real Estate Agents Act
8. Buyer's Obligations: Specifies what the buyer must do to enable the agent to perform their services
9. Fees and Expenses: Details the agent's compensation structure and any reimbursable expenses
10. Confidentiality: Addresses the handling of confidential information by both parties
11. Termination: Specifies how and when the agreement can be terminated by either party
12. General Provisions: Contains standard contract clauses including governing law, notices, and amendments
1. Multiple Buyers: Additional provisions when there are multiple buyers acting together
2. International Buyer Provisions: Special considerations for overseas buyers, including Overseas Investment Office requirements
3. Auction Services: Additional terms if the agent will represent the buyer at auctions
4. Due Diligence Services: Specific terms if the agent will assist with property due diligence
5. Property Management: Terms for additional property management services if the buyer intends to use the property as an investment
6. Conflict of Interest: Special provisions when the agent may have conflicts of interest with other clients
7. Special Conditions: Any unique terms agreed between the parties
1. Schedule 1 - Property Requirements: Detailed list of the buyer's property requirements and preferences
2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, commissions, and payment terms
3. Schedule 3 - Agency Disclosure: Mandatory disclosure statement as required by the Real Estate Agents Act
4. Appendix A - Buyer's Identity Verification: AML documentation requirements and verification process
5. Appendix B - Agent's Professional Profile: Agent's qualifications, experience, and professional memberships
6. Appendix C - Services Checklist: Detailed checklist of all services included in the agreement
Authors
Real Estate
Property Development
Property Investment
Legal Services
Professional Services
Financial Services
Property Management
Legal
Real Estate Operations
Compliance
Property Services
Contract Administration
Risk Management
Client Services
Real Estate Sales
Documentation
Real Estate Agent
Property Buyer's Agent
Real Estate Agency Director
Real Estate Compliance Officer
Legal Counsel
Property Lawyer
Real Estate Branch Manager
Contracts Administrator
Real Estate Operations Manager
Compliance Manager
Property Investment Advisor
Real Estate Transaction Coordinator
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