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Buyer Broker Exclusive Agreement
"I need a Buyer Broker Exclusive Agreement for a 6-month term starting January 2025, covering residential property searches in Auckland's North Shore area, with a maximum purchase budget of NZD 1.2 million and including specific provisions for first-time home buyers."
1. Parties: Identification of the buyer(s) and the licensed real estate broker/agency
2. Background: Context of the agreement and general purpose for engaging the broker's services
3. Definitions: Key terms used throughout the agreement including 'Exclusive Period', 'Property Requirements', 'Territory', and 'Commission'
4. Appointment and Scope: Exclusive appointment of the broker and detailed scope of services to be provided
5. Term and Exclusivity: Duration of the agreement and exclusivity provisions
6. Broker's Obligations: Detailed responsibilities of the broker including property search, negotiations, and professional conduct requirements
7. Client's Obligations: Buyer's responsibilities including providing accurate requirements, maintaining exclusivity, and prompt communication
8. Commission and Fees: Structure and timing of broker compensation, including circumstances requiring payment
9. Confidentiality: Obligations regarding confidential information shared during the engagement
10. Termination: Circumstances and process for ending the agreement
11. General Provisions: Standard contractual provisions including governing law, notices, and entire agreement clause
1. Multiple Buyers: Additional provisions for when there are multiple buyers acting together
2. International Purchases: Special considerations for overseas buyers, including Overseas Investment Office requirements
3. Auction Participation: Specific terms relating to the broker's representation at auctions
4. Property Management: Additional services if the broker will assist with property management after purchase
5. Due Diligence Services: Extended scope for additional due diligence services beyond standard offering
6. Special Property Types: Additional terms for specific property types like commercial, rural, or development properties
1. Schedule 1: Property Requirements: Detailed criteria for the type of property the buyer is seeking, including location, size, price range, and specific features
2. Schedule 2: Fee Structure: Detailed breakdown of all fees, commissions, and payment terms
3. Schedule 3: Broker's Services: Comprehensive list of services included in the standard offering
4. Appendix A: Client Information Form: Required client information including identification and contact details
5. Appendix B: Agency Disclosure: Mandatory disclosure statement as required by the Real Estate Agents Act 2008
6. Appendix C: Territorial Coverage: Map or description of the geographical area covered by the agreement
Authors
Broker
Buyer
Commission
Confidential Information
Effective Date
Exclusive Period
Exclusivity
Licensed Real Estate Agent
Property
Property Requirements
Purchase Price
Real Estate Agency
Related Parties
Services
Success Fee
Territory
Transaction
Working Day
Writing
Agency Agreement
Business Day
Commencement Date
Due Diligence
Expenses
Material Information
Professional Fees
Property Type
Purchase Agreement
Real Estate Authority
Term
Exclusivity
Term and Duration
Services
Broker's Obligations
Client's Obligations
Commission
Payment Terms
Confidentiality
Privacy
Termination
Professional Conduct
Liability
Indemnification
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Variation
Severability
Good Faith
Compliance with Laws
Insurance
Agency Disclosure
Representations and Warranties
Non-Circumvention
Reporting
Property Requirements
Real Estate
Property Development
Commercial Property
Residential Property
Property Investment
Professional Services
Legal Services
Legal
Real Estate
Compliance
Property Acquisition
Contract Administration
Property Management
Risk Management
Investment
Operations
Client Services
Real Estate Broker
Property Buyer's Agent
Real Estate Agent
Property Acquisition Manager
Real Estate Legal Counsel
Property Investment Manager
Real Estate Compliance Officer
Contract Manager
Real Estate Transaction Coordinator
Property Portfolio Manager
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