Buyer Realtor Agreement Generator for United Arab Emirates

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Key Requirements PROMPT example:

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."

Document background
The Buyer Realtor Agreement is a crucial document in UAE real estate transactions, designed to establish and regulate the professional relationship between property buyers and licensed real estate brokers. This agreement is specifically tailored to comply with UAE federal laws and local emirate regulations, particularly RERA requirements in Dubai. It becomes necessary when a buyer seeks professional representation in property transactions, outlining the scope of services, commission structures, and obligations of both parties. The document incorporates essential UAE-specific elements such as broker licensing requirements, compliance with local real estate regulations, and standard market practices. This agreement is particularly important in the UAE market where real estate transactions are heavily regulated and proper documentation is crucial for legal protection.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Real Estate

Property Development

Legal Services

Financial Services

Property Investment

Construction

Professional Services

Property Management

Banking

Relevant Teams

Legal

Real Estate

Compliance

Sales

Business Development

Contract Administration

Client Relations

Investment Advisory

Property Management

Document Control

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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