The Car Buyer Representation Agreement serves as a foundational document for establishing professional vehicle purchasing assistance services in the United States. This agreement is particularly useful when individuals or businesses seek expert assistance in navigating the complex process of vehicle acquisition. The document defines the scope of representation, compensation structure, and mutual obligations while ensuring compliance with federal and state-specific automotive industry regulations. It protects both parties' interests by clearly outlining expectations, limitations, and terms of service.
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1. Parties: Identifies the buyer's representative and the client seeking vehicle purchase assistance
2. Background: Explains the context of the agreement and the client's desire to engage a buyer's representative
3. Definitions: Defines key terms used throughout the agreement including 'Services', 'Vehicle', 'Purchase Price' and other relevant terms
4. Scope of Services: Details the specific services the representative will provide including vehicle search, negotiation, and inspection arrangements
5. Term and Termination: Specifies duration of the agreement and conditions under which either party may terminate the relationship
6. Compensation: Outlines fees, commissions, and payment terms for the representative's services
7. Representatives Obligations: Lists duties and responsibilities of the buyer's representative including fiduciary duties and professional standards
8. Client's Obligations: Specifies client responsibilities including providing accurate information and timely responses
1. Exclusivity: Defines whether the client is required to work exclusively with this representative for vehicle purchase
2. Insurance Requirements: Specifies insurance obligations particularly when representative will be test driving vehicles
3. International Purchases: Additional terms and conditions specific to international vehicle purchases
4. Financing Assistance: Terms related to services for helping secure vehicle financing
1. Fee Schedule: Detailed breakdown of all fees and commission structures applicable to the services
2. Service Level Agreement: Specific performance metrics and service standards the representative commits to maintain
3. Vehicle Requirements Specification: Detailed document outlining client's requirements for desired vehicle
4. Power of Attorney: Legal document granting representative authority to act on client's behalf in vehicle transactions
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