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Buyer's Agent Agreement Template for Ireland

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Key Requirements PROMPT example:

Buyer's Agent Agreement

"I need a Buyer's Agent Agreement for searching high-end residential properties in Dublin, with an exclusivity period of 6 months starting January 2025, including virtual viewing services and international buyer provisions."

Document background
The Buyer's Agent Agreement is a crucial document in Irish property transactions where a buyer seeks professional representation in their property search and acquisition process. This agreement is particularly relevant in competitive property markets where buyers need dedicated professional assistance to identify and secure suitable properties. The document, governed by Irish law and regulated by the Property Services Regulatory Authority (PSRA), establishes the formal relationship between the buyer and their chosen agent, defining the scope of services, compensation structure, and respective obligations. It includes essential provisions for compliance with Irish property services regulations, consumer protection laws, and data protection requirements. The agreement is commonly used by both private individuals and commercial entities seeking to purchase property in Ireland, providing a clear framework for the agent's authority and responsibilities throughout the property acquisition process.
Suggested Sections

1. Parties: Identifies and provides full details of the buyer (principal) and the agent (property service provider)

2. Background: Establishes the context of the agreement, including the buyer's intention to purchase property and the agent's qualifications and licenses

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Scope of Services: Formal appointment of the agent and detailed description of services to be provided

5. Term of Agreement: Duration of the agreement, including start date and termination conditions

6. Agent's Obligations: Comprehensive list of the agent's duties, responsibilities, and standard of service

7. Client's Obligations: Buyer's responsibilities, including providing accurate information and cooperation

8. Fees and Payment Terms: Detailed structure of fees, payment schedule, and circumstances for payment

9. Confidentiality: Obligations regarding confidential information and data protection

10. Conflict of Interest: Procedures for handling potential conflicts of interest

11. Termination: Conditions and procedures for ending the agreement

12. Liability and Indemnity: Limitations of liability and indemnification provisions

13. General Provisions: Standard legal provisions including notices, amendments, and governing law

Optional Sections

1. Exclusive Agency: Used when the agreement is exclusive, preventing the buyer from engaging other agents

2. Additional Services: Included when the agent offers extra services beyond standard property search

3. International Purchases: Added when the buyer may be interested in international properties

4. Property Management Services: Included if the agent will provide property management services post-purchase

5. Virtual Services: Details of virtual viewings and remote services if required

6. Success Fee Structure: Used when including performance-based compensation

7. Force Majeure: Added to address unforeseen circumstances that may affect performance

Suggested Schedules

1. Schedule 1: Fee Structure: Detailed breakdown of all fees, commissions, and payment terms

2. Schedule 2: Services Description: Comprehensive list of services included in the agreement

3. Schedule 3: Property Requirements: Detailed specifications of the type of property the buyer is seeking

4. Schedule 4: Agent's Credentials: Copies of relevant licenses and professional certifications

5. Appendix A: Power of Attorney: If applicable, documentation authorizing the agent to act on behalf of the buyer

6. Appendix B: Client Due Diligence: Anti-money laundering and know-your-client documentation

7. Appendix C: Data Protection Notice: Detailed GDPR compliance information and data handling procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





























Clauses































Relevant Industries

Real Estate

Property Development

Legal Services

Financial Services

Property Investment

Construction

Hospitality

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Compliance

Real Estate

Property Services

Business Development

Risk Management

Operations

Investment

Client Services

Contract Administration

Relevant Roles

Real Estate Agent

Property Consultant

Legal Counsel

Compliance Officer

Property Services Manager

Real Estate Director

Property Acquisition Manager

Investment Manager

Real Estate Partner

Property Portfolio Manager

Business Development Manager

Contract Manager

Risk Manager

Property Buyer

Real Estate Broker

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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