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Buyer Agency Agreement Form
"I need a Buyer Agency Agreement Form for an exclusive 6-month arrangement starting March 1, 2025, between our Manila-based brokerage firm and an international client looking to purchase commercial property in Metro Manila, with specific provisions for virtual meetings and international wire transfers."
1. Parties: Identifies the buyer (principal) and the licensed real estate broker/agent (agent), including their complete contact details and license information as required by RESA
2. Background: Establishes the context of the agreement, stating the buyer's intention to purchase real estate and the agent's qualifications to assist
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Appointment and Authority: Formally establishes the agency relationship and defines the scope of authority granted to the agent
5. Term of Agreement: Specifies the duration of the agency relationship, including start and end dates
6. Agent's Duties and Responsibilities: Details the services the agent will provide, including property search, negotiations, and due diligence assistance
7. Buyer's Duties and Obligations: Outlines the buyer's responsibilities, including providing accurate information and cooperating with the agent
8. Compensation: Specifies the agent's commission or fees, payment terms, and conditions for earning compensation
9. Confidentiality: Addresses the handling of confidential information shared during the agency relationship
10. Termination: Specifies conditions and procedures for ending the agreement
11. Governing Law: Confirms that the agreement is governed by Philippine law and specifies jurisdiction
12. Signatures: Space for parties to execute the agreement with proper attestation
1. Exclusive Agency: Used when the buyer agrees to work exclusively with the agent, including terms and duration of exclusivity
2. Property Specifications: Include when the buyer has specific requirements for the desired property
3. Additional Services: Used when the agent will provide services beyond standard buyer representation, such as property management advice or renovation consultation
4. Virtual Services: Include when services will be provided remotely or electronically
5. International Considerations: Used when the buyer is foreign or when international transactions may be involved
6. Force Majeure: Include to address unforeseen circumstances that may affect performance of the agreement
7. Dispute Resolution: Optional detailed procedures for handling disputes through mediation or arbitration
1. Schedule A - Service Package Details: Detailed breakdown of services included in the agreement and associated fees
2. Schedule B - Property Requirements: Detailed specifications of the type of property the buyer is seeking
3. Schedule C - Agency Disclosure: Mandatory disclosure forms as required by Philippine real estate regulations
4. Schedule D - Commission Structure: Detailed breakdown of commission calculations and payment terms
5. Appendix 1 - Agent Credentials: Copies of agent's license and professional certifications
6. Appendix 2 - Required Identification Documents: Copies of required identification documents for anti-money laundering compliance
Authors
Real Estate
Property Development
Legal Services
Property Management
Real Estate Investment
Construction
Property Consulting
Financial Services
Legal
Real Estate
Compliance
Business Development
Client Relations
Property Management
Contracts Administration
Transaction Processing
Investment Advisory
Real Estate Agent
Real Estate Broker
Property Consultant
Real Estate Attorney
Legal Counsel
Compliance Officer
Property Manager
Real Estate Manager
Business Development Manager
Contract Administrator
Real Estate Transaction Coordinator
Client Relations Manager
Real Estate Investment Advisor
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