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Buyer Realtor Agreement
"I need a Buyer Realtor Agreement for a Dubai-based luxury property brokerage firm, covering exclusive representation for international clients with a minimum purchase budget of AED 5 million, including provisions for virtual property viewings and international payment arrangements."
1. Parties: Identification of the buyer and the licensed real estate broker/agency, including license numbers and contact details
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 regulatory terms specific to UAE real estate
4. Appointment and Scope of Services: Detailed description of the realtor's services and responsibilities
5. Term of Agreement: Duration of the agreement and any renewal provisions
6. Exclusive Rights: Whether the agreement is exclusive or non-exclusive, and the implications
7. Compensation: Commission structure, payment terms, and conditions for commission earning
8. Buyer's Obligations: Responsibilities and commitments of the buyer
9. Realtor's Obligations: Professional duties and commitments of the realtor
10. Regulatory Compliance: Compliance with RERA and other relevant UAE real estate regulations
11. Confidentiality: Protection of confidential information and privacy obligations
12. Termination: Conditions and process for terminating the agreement
13. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction
1. International Buyer Provisions: Additional provisions for international buyers, including documentation requirements
2. Property Type Specific Terms: Special terms for specific property types (off-plan, commercial, etc.)
3. Power of Attorney: Terms regarding power of attorney if the buyer requires representation
4. Language Provisions: For non-Arabic speaking clients, provisions about translation and language of communication
5. Mortgage Coordination: Terms regarding assistance with mortgage arrangements if required
6. Property Management: Additional services for property management if offered
7. Force Majeure: Provisions for unforeseen circumstances affecting the agreement
1. Schedule A - Service Details: Detailed breakdown of all services to be provided by the realtor
2. Schedule B - Fee Structure: Detailed commission rates and payment terms
3. Schedule C - Buyer's Requirements: Specific property requirements and preferences of the buyer
4. Schedule D - Required Documents: List of necessary documents for property purchase in UAE
5. Appendix 1 - RERA Broker Registration: Copy of realtor's RERA registration and licenses
6. Appendix 2 - Client Information Form: Standard form for collecting buyer's information as per UAE regulations
7. Appendix 3 - Property Viewing Log: Template for recording properties viewed during the agreement term
Authors
Scope of Services
Exclusivity
Term and Duration
Commission
Payment Terms
Broker Obligations
Buyer Obligations
Regulatory Compliance
Confidentiality
Non-Disclosure
Representations and Warranties
Liability
Indemnification
Termination
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Electronic Communications
Data Protection
Anti-Money Laundering
Real Estate
Property Development
Legal Services
Financial Services
Property Investment
Construction
Professional Services
Property Management
Banking
Legal
Real Estate
Compliance
Sales
Business Development
Contract Administration
Client Relations
Investment Advisory
Property Management
Document Control
Real Estate Broker
Property Consultant
Real Estate Agent
Legal Counsel
Compliance Officer
Property Manager
Sales Director
Business Development Manager
Contract Administrator
Real Estate Transaction Manager
Client Relations Manager
Investment Advisor
Property Investment Consultant
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