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Buyer Broker Agreement for United Arab Emirates

Buyer Broker Agreement Template for United Arab Emirates

A comprehensive agreement governed by UAE law that establishes the professional relationship between a licensed real estate broker and a property buyer in the United Arab Emirates. The document outlines the broker's responsibilities in identifying and presenting suitable properties, negotiating on behalf of the buyer, and managing the transaction process in accordance with UAE real estate regulations, particularly RERA requirements. It includes specific provisions for broker compensation, exclusivity terms, and the scope of services, while ensuring compliance with local property laws and professional standards in the UAE real estate market.

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What is a Buyer Broker Agreement?

The Buyer Broker Agreement is a critical document in UAE real estate transactions that formalizes the relationship between a property buyer and their chosen real estate broker. It is particularly important in the UAE market, where real estate transactions must comply with specific regulatory requirements, including those set by the Real Estate Regulatory Agency (RERA) in Dubai. This agreement is used when a buyer wishes to engage professional representation in their property search and purchase process, ensuring their interests are protected while navigating the UAE property market. The document typically includes essential elements such as broker qualifications, scope of services, compensation structure, and duration of representation, all aligned with UAE legal requirements. It's especially relevant in Dubai's dynamic real estate market, where international transactions and high-value properties necessitate professional representation and clear contractual terms.

What sections should be included in a Buyer Broker Agreement?

1. Parties: Identifies the broker and buyer with full legal names, licenses, and contact details as required by UAE law

2. Background: Establishes the context of the agreement, including the broker's RERA registration and the buyer's intention to purchase property

3. Definitions: Defines key terms used throughout the agreement, including specific UAE real estate terminology

4. Appointment and Scope of Services: Details the exclusive or non-exclusive nature of the appointment and specific services to be provided by the broker

5. Term of Agreement: Specifies the duration of the agreement and any renewal provisions

6. Broker's Obligations: Lists the broker's duties, responsibilities, and professional obligations under UAE law

7. Buyer's Obligations: Outlines the buyer's responsibilities, including providing accurate information and cooperation

8. Compensation: Details the broker's commission structure, payment terms, and conditions for earning commission

9. Confidentiality: Addresses the handling of confidential information and privacy obligations

10. Termination: Specifies conditions for termination and consequences thereof

11. Governing Law and Jurisdiction: Establishes UAE law as governing law and specifies jurisdiction for disputes

12. Notices: Specifies how formal communications between parties should be made

13. General Provisions: Includes standard boilerplate clauses required under UAE law

What sections are optional to include in a Buyer Broker Agreement?

1. Property Requirements: Used when specific property criteria need to be documented formally

2. Multiple Property Transactions: Include when the agreement covers multiple property searches or purchases

3. International Considerations: Required when dealing with international buyers or cross-border transactions

4. Power of Attorney: Include when the broker is granted specific powers to act on behalf of the buyer

5. Language Requirements: Include when documents need to be in both Arabic and English, specifying which version prevails

6. Property Management Services: Include if the broker will provide additional property management services post-purchase

7. Mortgage Coordination: Include if the broker will assist with mortgage arrangements

8. Force Majeure: Optional clause addressing unforeseen circumstances preventing performance

What schedules should be included in a Buyer Broker Agreement?

1. Schedule 1 - Broker's Fee Structure: Detailed breakdown of commission rates and payment terms

2. Schedule 2 - Property Requirements: Detailed specifications of the type of property sought

3. Schedule 3 - Scope of Services: Comprehensive list of services to be provided by the broker

4. Schedule 4 - Required Documents: List of documents required from both parties for property transactions

5. Appendix A - Broker's License and Credentials: Copies of broker's RERA license and other relevant certifications

6. Appendix B - Power of Attorney Template: Standard form for power of attorney if required

7. Appendix C - Property Viewing Log: Template for recording properties shown to the buyer

Authors

Alex Denne

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

Publisher

Ƶ

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions







































Clauses









































Relevant Industries

Real Estate

Property Development

Real Estate Investment

Commercial Property

Residential Property

Luxury Real Estate

Property Management

Real Estate Consulting

Property Finance

Real Estate Technology

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Client Relations

Operations

Contract Administration

Investment Advisory

Transaction Processing

Document Control

Relevant Roles

Real Estate Broker

Property Consultant

Real Estate Agent

Property Buyer's Agent

Real Estate Investment Advisor

Property Transaction Manager

Real Estate Legal Counsel

Compliance Officer

Real Estate Operations Manager

Client Relations Manager

Property Portfolio Manager

Real Estate Director

Chief Real Estate Officer

Real Estate Contract Administrator

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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