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Buyer Broker Agreement
I need a Buyer Broker Agreement for a Danish corporate client seeking exclusive representation to purchase commercial properties in Copenhagen, with a 12-month term starting January 2025 and success-fee based compensation structure.
1. Parties: Identification of the broker and the buyer, including full legal names, addresses, and registration numbers where applicable
2. Background: Context of the agreement, including the buyer's intention to purchase property and the broker's qualification to provide services
3. Definitions: Key terms used throughout the agreement, including 'Services', 'Property Criteria', 'Commission', etc.
4. Scope of Services: Detailed description of the broker's services, including property search, negotiation, and advisory services
5. Broker's Obligations: Specific duties and responsibilities of the broker, including due diligence, confidentiality, and professional conduct
6. Client's Obligations: Buyer's responsibilities, including providing accurate information, cooperation, and timely communication
7. Commission Structure: Details of the broker's fees, including calculation method, payment timing, and any conditions
8. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination
9. Confidentiality: Obligations regarding confidential information and data protection compliance
10. Liability and Indemnification: Extent of broker's liability, professional insurance, and indemnification provisions
11. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
12. Signatures: Execution block for both parties, including date and place of signing
1. Exclusivity: Section defining whether the broker has exclusive rights to represent the buyer, used when exclusive representation is agreed
2. Success Fee: Additional fee structures based on achieving specific outcomes, used when performance-based compensation is agreed
3. Property Type Specifications: Detailed requirements for specific types of properties, used when the search is limited to particular property categories
4. International Considerations: Special provisions for cross-border transactions, used when the buyer is foreign or properties abroad are considered
5. Power of Attorney: Authorization for the broker to act on behalf of the buyer in specific circumstances, used when broader representation powers are needed
6. Assignment: Provisions regarding the transfer of rights and obligations, used when assignment rights are specifically negotiated
1. Schedule 1 - Property Search Criteria: Detailed list of buyer's requirements including location, size, price range, and other specifications
2. Schedule 2 - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms
3. Schedule 3 - Service Level Agreement: Specific performance metrics and service standards for the broker
4. Schedule 4 - Required Documentation: List of documents required from the buyer for due diligence and compliance
5. Appendix A - Broker's Credentials: Copies of broker's licenses, certifications, and professional memberships
6. Appendix B - Privacy Policy: Detailed data protection and privacy practices in compliance with GDPR
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Property Investment
Professional Services
Financial Services
Construction
Hospitality
Retail
Legal
Real Estate
Compliance
Property Acquisition
Contract Administration
Business Development
Investment
Risk Management
Corporate Real Estate
Operations
Real Estate Broker
Property Acquisition Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Investment Manager
Real Estate Director
Contract Manager
Business Development Manager
Corporate Real Estate Manager
Property Portfolio Manager
Real Estate Consultant
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