Buyer Agency Agreement Template for Denmark

The Buyer Agency Agreement is a crucial document in Danish real estate transactions that formalizes the relationship between a property buyer and their chosen real estate agent. This agreement is essential when a buyer seeks professional representation in property transactions within Denmark or for Danish buyers seeking international properties. The document is structured to comply with Danish legal requirements, particularly the Danish Estate Agents Act and related regulations. It details the agent's authority to search for properties, negotiate terms, and represent the buyer's interests, while specifying commission structures, service levels, and professional obligations. The agreement becomes particularly important in complex transactions, multiple property searches, or when buyers require comprehensive professional support throughout the property acquisition process.

1. Parties: Identification of the buyer (principal) and the real estate agent (agent), including full legal names, addresses, and registration numbers

2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's qualification to provide services

3. Definitions: Key terms used throughout the agreement, including specific Danish legal terminology

4. Appointment and Scope of Authority: Formal appointment of the agent and detailed description of the agent's authority to act on behalf of the buyer

5. Agent's Services and Obligations: Comprehensive list of services to be provided by the agent, including property search, negotiation, and advisory services

6. Buyer's Obligations: Buyer's responsibilities, including providing accurate information, cooperation requirements, and exclusivity terms if applicable

7. Compensation: Fee structure, payment terms, and conditions for when compensation becomes due

8. Term and Termination: Duration of the agreement and circumstances under which either party may terminate

9. Confidentiality: Obligations regarding confidential information and compliance with GDPR requirements

10. Liability and Insurance: Extent of agent's liability, professional indemnity insurance, and limitation of liability provisions

11. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes