The Buyer Broker Exclusive Employment Agreement is essential when establishing a formal, exclusive relationship for property acquisition services in England and Wales. This document is typically used when a buyer wishes to secure dedicated representation in property transactions, ensuring their interests are protected and professionally managed. The agreement details the broker's exclusive rights, responsibilities, compensation, and service scope, while adhering to UK regulatory requirements including the Estate Agents Act 1979 and Consumer Protection Regulations. It's particularly valuable for complex property searches, high-value transactions, or when buyers require comprehensive professional support.
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1. Parties: Identification and details of the broker and buyer
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of broker appointment and services to be provided
5. Duration: Term of the agreement including start and end dates
6. Fees and Payment Terms: Broker compensation structure and payment conditions
7. Obligations of the Broker: Duties and responsibilities of the broker
8. Obligations of the Buyer: Duties and responsibilities of the buyer
9. Termination: Conditions and process for ending the agreement
1. Exclusivity Provisions: Detailed terms of exclusive relationship when strict exclusivity is required
2. International Property Provisions: Additional terms for international property searches when dealing with overseas properties
3. Additional Services: Terms for supplementary services when offering services beyond standard property search
1. Schedule of Fees: Detailed breakdown of all applicable fees and charges
2. Service Level Agreement: Detailed description of service standards and timeframes
3. Property Requirements: Specific details of the type of property being sought
4. Broker Credentials: Professional qualifications and registrations of the broker
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