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Buyer Agency Agreement
"I need a Buyer Agency Agreement for a residential property search in Sydney, with an exclusive 6-month term starting March 1, 2025, including specific provisions for virtual property viewings and a success fee structure based on final purchase price."
1. Parties: Identification of the buyer's agent and the client, including full legal names and contact details
2. Background: Context of the agreement, including the client's intention to purchase property and the agent's offer of services
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the client
5. Agent's Services: Detailed description of services to be provided by the buyer's agent
6. Term of Agreement: Duration of the agreement, including start date and end date or conditions for termination
7. Agent's Fees and Expenses: Comprehensive breakdown of all fees, commissions, and reimbursable expenses
8. Client's Obligations: Responsibilities and commitments of the client, including providing accurate information and acting in good faith
9. Confidentiality: Obligations regarding confidential information shared during the engagement
10. Termination: Circumstances and procedures for ending the agreement by either party
11. Dispute Resolution: Process for resolving any disputes between the parties
12. General Provisions: Standard legal clauses including governing law, notices, and entire agreement
1. Multiple Property Provisions: Additional terms for when the client is seeking multiple properties
2. Interstate Services: Special provisions for when the agent will be searching for properties across state lines
3. Buyer's Team: Terms regarding other professionals (lawyers, inspectors) the agent will coordinate with
4. Special Requirements: Specific criteria or conditions requested by the client
5. Digital Services: Terms relating to virtual property viewings and digital communication methods
6. Assignment: Terms allowing/prohibiting the transfer of rights under the agreement
1. Schedule A - Property Requirements: Detailed criteria for the type of property being sought, including location, size, price range, and features
2. Schedule B - Fee Structure: Detailed breakdown of all fees, including circumstances for variations and payment schedules
3. Schedule C - Excluded Properties: List of properties already identified by the client or excluded from the agreement
4. Appendix 1 - Agent's Credentials: Agent's license details, qualifications, and relevant experience
5. Appendix 2 - Service Level Details: Detailed description of specific services included in the agreement and their frequency
6. Appendix 3 - Communication Protocol: Agreed methods and frequency of communication between agent and client
Authors
Agent's Fee
Appointment Period
Approved Property
Business Day
Buyer's Agent
Client
Commencement Date
Confidential Information
Cooling-off Period
Deposits
Due Diligence
Effective Date
Excluded Property
Exclusive Agency
Expenses
Force Majeure Event
GST
Intellectual Property
Material Breach
Notice
Party/Parties
Property Criteria
Purchase Price
Related Services
Representative
Search Area
Services
Success Fee
Target Property
Term
Territory
Transaction
Vendor
Authority and Scope
Services
Term and Duration
Fees and Commissions
Payment Terms
Expenses and Reimbursement
Confidentiality
Exclusivity
Client Obligations
Agent Obligations
Property Search Criteria
Due Diligence
Reporting Requirements
Communication
Representation and Warranties
Intellectual Property
Limitation of Liability
Indemnification
Force Majeure
Termination
Assignment
Dispute Resolution
Governing Law
Notices
Amendment
Severability
Entire Agreement
Force Majeure
Data Protection
Anti-Money Laundering Compliance
Good Faith
Insurance
Real Estate
Property Development
Investment Services
Legal Services
Property Management
Commercial Property
Residential Property
Asset Management
Professional Services
Legal
Real Estate
Property Acquisition
Compliance
Investment
Asset Management
Contract Administration
Risk Management
Property Management
Buyer's Agent
Property Acquisition Manager
Real Estate Agent
Property Consultant
Investment Manager
Real Estate Lawyer
Property Portfolio Manager
Asset Manager
Legal Counsel
Compliance Officer
Real Estate broker
Property Advisor
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