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Buyer Agent Exclusive Agreement
"I need a Buyer Agent Exclusive Agreement for purchasing residential property in Lahore, Pakistan, with Shariah-compliant terms and a six-month exclusivity period starting March 2025, including provisions for virtual property viewings."
1. Parties: Identification of the buyer (principal) and the real estate agent (agent), including full legal names, addresses, and contact information
2. Background: Brief context explaining the buyer's intention to purchase property and the agent's qualification to provide real estate services
3. Definitions: Key terms used throughout the agreement including 'Property Requirements', 'Territory', 'Commission', 'Exclusive Period' etc.
4. Appointment and Scope: Formal appointment of the agent and detailed description of services to be provided, establishing exclusivity
5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination
6. Agent's Obligations: Detailed listing of agent's duties, including property search, negotiations, documentation, and professional conduct
7. Buyer's Obligations: Buyer's commitments including providing accurate requirements, cooperating with the agent, and maintaining exclusivity
8. Commission Structure: Details of agent's compensation, payment terms, and conditions triggering commission payment
9. Confidentiality: Obligations regarding confidential information shared during the engagement
10. Representations and Warranties: Standard declarations about capacity, authority, and compliance with laws
11. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution formalities
1. Islamic Finance Compliance: Section addressing Shariah compliance requirements, used when parties wish to ensure Islamic financial principles are followed
2. Multiple Buyers: Additional provisions for cases where multiple buyers are jointly engaging the agent
3. International Transactions: Special provisions for foreign buyers, including compliance with foreign exchange regulations
4. Property Management: Additional services if the agent will provide property management services post-purchase
5. Digital Communications: Provisions for electronic communications and virtual property viewings, especially relevant in modern transactions
6. Force Majeure: Provisions for unforeseen circumstances preventing performance, particularly relevant in uncertain times
1. Schedule 1 - Property Requirements: Detailed specification of the type, location, and characteristics of properties the buyer is interested in
2. Schedule 2 - Commission Calculation: Detailed breakdown of commission structure, including examples and special circumstances
3. Schedule 3 - Authorized Representatives: List of persons authorized to act on behalf of the buyer or agent
4. Schedule 4 - Required Documents: Checklist of documents required from the buyer for property transactions
5. Appendix A - Agent's Credentials: Copies of agent's licenses, certifications, and professional memberships
6. Appendix B - Service Level Standards: Detailed performance metrics and service standards the agent commits to maintain
Authors
Agent
Buyer
Business Day
Commission
Confidential Information
Effective Date
Exclusive Period
Expiry Date
Force Majeure Event
Intellectual Property Rights
Party/Parties
Property
Property Requirements
Purchase Price
Representatives
Services
Territory
Transaction
Working Hours
Successful Purchase
Professional Fees
Due Diligence
Material Information
Viewing
Offer
Negotiation
Market Value
Completion Date
Deposit
Shariah Compliance
Default
Termination Notice
Agency Relationship
Good Faith
Required Documents
Property Title
Regulatory Requirements
Commission Payment Date
Viewing Report
Exclusivity
Agency Scope
Term and Duration
Services
Commission
Payment Terms
Agent Obligations
Buyer Obligations
Representations and Warranties
Confidentiality
Non-Disclosure
Termination
Force Majeure
Governing Law
Dispute Resolution
Assignment
Notices
Entire Agreement
Severability
Amendment
Waiver
Indemnification
Insurance
Compliance
Property Requirements
Good Faith
Due Diligence
Islamic Finance Compliance
Anti-Money Laundering
Electronic Communications
Data Protection
Third Party Rights
Time of Essence
Further Assurance
Costs and Expenses
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Investment Management
Property Management
Commercial Property
Residential Property
Islamic Finance
Legal
Real Estate
Compliance
Property Acquisition
Investment
Contract Administration
Property Management
Document Control
Risk Management
Real Estate Agent
Property Consultant
Real Estate Broker
Legal Counsel
Property Lawyer
Compliance Officer
Real Estate Manager
Investment Advisor
Property Acquisition Manager
Real Estate Director
Contract Administrator
Islamic Finance Advisor
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