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Buyer Broker Exclusive Agreement
"Need a Buyer Broker Exclusive Agreement for our Hong Kong company seeking commercial properties in Kowloon, with specific provisions for multiple authorized representatives and a commission structure capped at 1% for properties above HKD 50 million."
1. Parties: Identification of the buyer(s) and the licensed real estate broker/agency, including license numbers and contact details
2. Background: Context of the agreement, stating the buyer's intention to engage the broker exclusively to assist in purchasing property
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Territory', 'Exclusive Period', and 'Commission'
4. Appointment and Scope: Formal appointment of the broker as exclusive agent and detailed scope of services to be provided
5. Exclusive Rights: Statement of the broker's exclusive right to represent the buyer in property transactions during the term
6. Term and Territory: Duration of the exclusive agreement and geographic area covered
7. Broker's Obligations: Detailed listing of services and duties the broker will perform, including property search, negotiations, and advisory services
8. Buyer's Obligations: Buyer's commitments, including providing accurate information, maintaining exclusivity, and cooperating with the broker
9. Commission Structure: Details of broker's compensation, including rate, calculation method, and payment terms
10. Confidentiality: Obligations regarding confidential information and personal data protection
11. Termination: Circumstances and procedures for ending the agreement, including notice requirements
12. General Provisions: Standard contractual clauses including governing law, notices, and entire agreement provisions
1. Special Requirements: Used when the buyer has specific property requirements or preferences that need to be documented
2. Multiple Buyers: Required when there are multiple buyers acting jointly, defining their relationship and obligations
3. Offshore Buyer Provisions: Included when the buyer is not based in Hong Kong, addressing specific requirements for non-resident buyers
4. Property Management: Optional section for cases where the broker will provide additional property management services after purchase
5. Mortgage Advisory: Used when the broker will assist with mortgage arrangements
6. Foreign Currency Provisions: Required when transactions may involve multiple currencies
7. Power of Attorney: Optional section when the buyer grants specific powers to the broker to act on their behalf
1. Schedule 1: Property Requirements: Detailed specifications of the type of property sought, including location, size, budget, and other requirements
2. Schedule 2: Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms
3. Schedule 3: Broker's Services: Comprehensive list of services to be provided by the broker
4. Schedule 4: Required Documents: List of documents required from the buyer for due diligence and regulatory compliance
5. Appendix A: Estate Agents Authority Prescribed Forms: Mandatory forms required under Hong Kong estate agency regulations
6. Appendix B: Client Due Diligence Forms: Forms required for anti-money laundering compliance
7. Appendix C: Data Privacy Notice: Required notice under Hong Kong's Personal Data (Privacy) Ordinance
Authors
Appointed Agent
Broker
Buyer
Commission
Competing Property
Confidential Information
Designated Territory
EAA
Effective Date
Estate Agency Agreement
Estate Agents Authority
Exclusive Period
Exclusivity
Identified Property
Initial Term
Licensed Estate Agent
Material Information
Personal Data
Property
Property Requirements
Purchase Price
Related Documents
Relevant Property
Required Documents
Services
Substantial Negotiation
Success Fee
Target Property
Term
Territory
Transaction
Working Day
Exclusivity
Duration
Territory
Services
Commission
Payment Terms
Broker Obligations
Client Obligations
Representations and Warranties
Confidentiality
Data Privacy
Anti-Money Laundering
Termination
Force Majeure
Liability
Indemnification
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Waiver
Costs
Third Party Rights
Compliance with Laws
Agency
Authority
Real Estate
Property Development
Financial Services
Legal Services
Corporate Services
Investment Management
Banking
Insurance
Retail
Hospitality
Manufacturing
Technology
Legal
Compliance
Real Estate
Property Management
Corporate Services
Risk Management
Finance
Operations
Business Development
Facilities Management
Contract Administration
Real Estate Broker
Property Agent
Legal Counsel
Corporate Lawyer
Compliance Officer
Risk Manager
Property Manager
Investment Manager
Company Director
Company Secretary
Business Development Manager
Facilities Manager
Contract Manager
Real Estate Portfolio Manager
Chief Financial Officer
Property Acquisition Manager
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