The Buyer Broker Contract is a vital legal instrument used in Qatar's real estate market to formalize the relationship between property buyers and their appointed real estate brokers. This document is essential when a buyer seeks professional assistance in identifying, evaluating, and acquiring property in Qatar. It comprehensively details the scope of broker services, commission structures, and mutual obligations while ensuring compliance with Qatar's Real Estate Broker Law and related regulations. The agreement is particularly important in Qatar's dynamic property market, where professional broker services are regulated to protect both parties' interests. It includes specific provisions for exclusive or non-exclusive representation, detailed service scope, and commission terms, adapted to Qatar's unique legal and business environment.
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1. Parties: Identification of the broker and the buyer, including full legal names, addresses, and relevant registration/license numbers
2. Background: Context of the agreement, including the buyer's intention to acquire property and the broker's qualification to provide services
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Commission', 'Exclusive Period' etc
4. Appointment and Scope of Services: Details of the broker's appointment and specific services to be provided
5. Term and Exclusivity: Duration of the agreement and whether the relationship is exclusive or non-exclusive
6. Broker's Obligations: Detailed responsibilities of the broker including property search, negotiations, and reporting
7. Client's Obligations: Buyer's responsibilities including providing accurate requirements, cooperating with the broker, and paying fees
8. Commission Structure: Details of broker's fees, payment terms, and conditions for commission becoming payable
9. Confidentiality: Obligations regarding confidential information shared during the relationship
10. Termination: Circumstances and procedures for ending the agreement
11. Governing Law and Jurisdiction: Specification of Qatar law as governing law and Qatar courts' jurisdiction
1. Multiple Property Purchases: Include when the buyer may purchase multiple properties through the broker
2. International Property Services: Include when the broker may source properties from international markets
3. Property Management Services: Include when the broker will provide post-purchase property management
4. Power of Attorney: Include when the broker needs legal authority to act on buyer's behalf
5. Anti-Money Laundering Compliance: Include for high-value transactions or when dealing with international buyers
6. Force Majeure: Include to address unforeseen circumstances preventing performance
7. Digital Communications: Include when parties agree to use electronic communications as binding
8. Broker Team Assignment: Include when specific broker team members will be assigned to the buyer
1. Schedule 1 - Property Requirements: Detailed specifications of the type of property the buyer is seeking
2. Schedule 2 - Commission Calculation: Detailed breakdown of commission structure and calculation methods
3. Schedule 3 - Broker's Services: Comprehensive list of services included in the agreement
4. Schedule 4 - Reporting Requirements: Format and frequency of progress reports to be provided
5. Schedule 5 - Authorized Representatives: List of authorized representatives for both parties
6. Appendix A - Broker's License: Copy of broker's valid Qatar real estate license
7. Appendix B - Required Documents: List of documents required from the buyer for property transactions
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