The Exclusive Buyer Brokerage Agreement is a crucial document in UAE real estate transactions where a buyer seeks dedicated professional representation in property acquisition. This agreement is particularly relevant in competitive real estate markets like Dubai and Abu Dhabi, where having exclusive professional representation can provide significant advantages in property searches and negotiations. The document establishes the broker's exclusive right to represent the buyer, detailing services such as property search, market analysis, negotiation support, and transaction assistance. It includes specific provisions required by UAE Federal Law No. 39 of 2006 and relevant emirate-level regulations, ensuring compliance with local real estate practices and RERA guidelines. The agreement typically specifies a defined period of exclusivity, compensation structure, and the broker's obligations to act in the buyer's best interests.
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1. Parties: Identification of the broker/brokerage firm with license details and the buyer with Emirates ID/passport number
2. Background: Context of the agreement, including buyer's intention to purchase property and broker's qualifications
3. Definitions: Key terms including 'Exclusive Period', 'Property Requirements', 'Territory', 'Broker's Fee', and other relevant terms
4. Appointment and Scope: Formal appointment of broker as exclusive representative and detailed scope of services
5. Term and Exclusivity: Duration of agreement and explicit exclusive rights granted to the broker
6. Broker's Services: Comprehensive list of services to be provided by the broker
7. Broker's Obligations: Specific duties and responsibilities of the broker including compliance with UAE real estate laws
8. Client's Obligations: Buyer's responsibilities, including providing accurate information and maintaining exclusivity
9. Compensation: Broker's fee structure, payment terms, and conditions triggering payment
10. Termination: Conditions and process for terminating the agreement
11. Confidentiality: Obligations regarding confidential information handling
12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
13. Execution: Signature blocks and execution requirements
1. Protection Period: Post-termination period during which broker remains entitled to compensation, optional but recommended
2. Force Majeure: Provisions for unforeseen circumstances preventing performance
3. Anti-Money Laundering: Additional compliance provisions for high-value transactions
4. Language: Specification of prevailing language if agreement is bilingual Arabic/English
5. Assignment: Rights and restrictions regarding transfer of agreement rights
6. Notices: Communication procedures and addresses for formal notices
7. Dispute Resolution: Alternative dispute resolution procedures before court litigation
1. Property Requirements: Detailed specifications of property type, location, price range, and other requirements
2. Broker's Fee Schedule: Detailed breakdown of fees, commissions, and payment structure
3. Broker's License Details: Copies of relevant broker licenses and RERA registration
4. Services Schedule: Detailed list of included and excluded services
5. Client Identity Documents: Copies of required identification documents as per UAE regulations
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Corporate Services
Investment Management
Banking & Finance
Hospitality
Retail
Industrial & Manufacturing
Legal Services
Construction
Relevant Teams
Legal
Real Estate
Compliance
Operations
Business Development
Property Management
Corporate Services
Facilities Management
Client Relations
Risk Management
Relevant Roles
Real Estate Broker
Property Consultant
Real Estate Agent
Legal Counsel
Compliance Officer
Property Manager
Real Estate Director
Investment Manager
Acquisition Manager
Corporate Real Estate Manager
Facilities Manager
Real Estate Operations Manager
Business Development Manager
Transaction Manager
Client Relations Manager
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