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Real Estate Finders Fee Agreement Template for Ireland

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Key Requirements PROMPT example:

Real Estate Finders Fee Agreement

"I need a Real Estate Finders Fee Agreement for my property finding business in Dublin, Ireland, which will be used to find commercial properties for corporate clients with a fee structure of 1% of the purchase price and a minimum fee of €10,000."

Document background
The Real Estate Finders Fee Agreement is essential for professional property finders operating in Ireland who assist clients in locating suitable properties for purchase or lease. This document is typically used when a client requires specialized assistance in finding specific types of properties, whether for personal use, investment, or business purposes. The agreement must comply with Irish property services legislation, particularly the Property Services (Regulation) Act 2011, and includes detailed terms regarding service scope, fee structures, success criteria, and payment conditions. It's particularly relevant in competitive property markets where clients need professional assistance to identify and secure desired properties. The document provides legal protection for both parties and clarity on the finder's entitlement to fees upon successful property identification and acquisition.
Suggested Sections

1. Parties: Identification of the Property Finder and the Client, including full legal names, addresses, and company registration numbers if applicable

2. Background: Context of the agreement, including the Client's desire to find specific property and engagement of the Finder's services

3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Successful Introduction', 'Fee', 'Property', etc.

4. Scope of Services: Detailed description of the property finding services to be provided, including territory coverage and property type specifications

5. Finder's Obligations: Key responsibilities of the Finder, including property search methods, reporting, and compliance with relevant regulations

6. Client's Obligations: Client's responsibilities, including providing accurate requirements, timely responses, and necessary information

7. Fee Structure: Detailed breakdown of finder's fees, calculation method, and payment terms

8. Payment Terms: Timing of payments, method of payment, and conditions triggering payment obligation

9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

10. Confidentiality: Obligations regarding confidential information shared during the engagement

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

Optional Sections

1. Exclusivity: Terms regarding exclusive rights to represent the client, used when the finder requires exclusive engagement

2. Professional Indemnity: Details of professional insurance coverage, used when specifically requested or for high-value properties

3. Data Protection: GDPR compliance terms, used when personal data processing is extensive

4. Anti-Money Laundering: AML compliance procedures, used for high-value transactions or when working with corporate clients

5. Force Majeure: Provisions for unforeseen circumstances, used in longer-term agreements

6. Assignment: Terms regarding the transfer of rights under the agreement, used when working with corporate clients

Suggested Schedules

1. Schedule 1 - Property Requirements: Detailed specification of the client's property requirements including location, size, budget, and special features

2. Schedule 2 - Fee Calculation: Detailed breakdown of fee structure, including examples of calculations and any sliding scales

3. Schedule 3 - Service Level Agreement: Specific metrics and timelines for service delivery and reporting

4. Appendix A - Required Documentation: List of documents required from both parties for compliance purposes

5. Appendix B - Communication Protocol: Agreed procedures for regular updates and communication between parties

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

Property Investment

Professional Services

Legal Services

Property Management

Construction

Hospitality

Retail

Corporate Services

Relevant Teams

Legal

Real Estate

Property Services

Business Development

Compliance

Operations

Finance

Commercial

Acquisitions

Client Relations

Relevant Roles

Property Finder

Real Estate Agent

Property Consultant

Real Estate Broker

Property Acquisition Specialist

Real Estate Investment Advisor

Property Services Manager

Legal Counsel

Contracts Manager

Business Development Manager

Real Estate Portfolio Manager

Property Research Analyst

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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