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A Buyer Representation Agreement is a legal contract between a property buyer and their estate agent in Ireland, making the agent their exclusive representative during a home purchase. This agreement outlines the agent's duties to find suitable properties, negotiate prices, and protect the buyer's interests throughout the process.

Under Irish property law, this binding document typically runs for a set period - usually 3-6 months - and spells out the agent's commission, the geographic area they'll cover, and the price range they'll search within. It also gives buyers important protections under the Property Services Regulatory Authority (PSRA) guidelines, ensuring their agent works solely for their benefit.

Sign a Buyer Representation Agreement when you're ready to seriously hunt for property in Ireland and want dedicated professional help. This agreement becomes essential once you've found an estate agent you trust and need their full commitment to your search, especially in competitive markets where properties move quickly.

The ideal time to put this agreement in place is before viewing properties with an agent - it ensures they'll give your search priority attention and share their complete market insights. It's particularly valuable when dealing with complex purchases, like period homes or commercial properties, where you need an agent's expertise to navigate planning permissions and property law requirements.

• Buyer Broker Exclusive Employment Agreement: The standard form of Buyer Representation Agreement in Ireland, outlining exclusive rights for a broker to represent you. This agreement typically includes core sections on property search parameters, agent compensation, duration of representation, and specific duties like price negotiations and property viewings. The agreement can be customized based on the type of property (residential, commercial, or investment) and the level of service needed.

• Property Buyers: The primary party signing the agreement, committing to work exclusively with one agent for their property search in Ireland. This includes first-time buyers, investors, and commercial purchasers.
• Estate Agents/Brokers: Licensed professionals registered with the PSRA who draft and sign the agreement, taking on the responsibility to represent the buyer's interests.
• Property Solicitors: Often review these agreements to ensure they align with Irish property law and protect their clients' interests during the purchase process.
• Property Services Regulatory Authority: Oversees the implementation of these agreements and ensures compliance with Irish real estate regulations.

• Property Requirements: List your desired location, property type, and budget range to define the scope of the agent's search.
• Agent Details: Gather the estate agent's PSRA license number and verify their registration status with the Property Services Regulatory Authority.
• Timeline Parameters: Decide on the agreement duration, typically 3-6 months, with clear start and end dates.
• Commission Structure: Document the agreed-upon fee structure and payment terms for the agent's services.
• Service Scope: Outline specific services needed, from property viewings to price negotiations and closing assistance.

• Identification Details: Full names, addresses, and PSRA license numbers of both the buyer and estate agent.
• Property Specifications: Clear description of property type, location parameters, and price range being sought.
• Duration Clause: Specific start and end dates of the agreement, plus any renewal terms.
• Commission Structure: Detailed breakdown of agent fees, payment terms, and conditions for earning commission.
• Agent Obligations: Comprehensive list of services to be provided under Irish property law.
• Termination Rights: Conditions and process for ending the agreement early by either party.
• GDPR Compliance: Data protection measures and privacy policies as required by Irish law.

A Buyer Representation Agreement differs significantly from a Broker Agreement in several key aspects, though both involve property professionals. While a Buyer Representation Agreement specifically focuses on property purchase representation, a Broker Agreement covers a broader range of potential services and can apply to various types of transactions.

• Scope of Services: Buyer Representation Agreements exclusively cover property purchasing activities, while Broker Agreements can include selling, leasing, or general property management services.
• Duration and Commitment: Buyer Representation Agreements typically run for 3-6 months with a specific property search in mind, whereas Broker Agreements often have longer terms and more flexible service arrangements.
• Commission Structure: Buyer Representation Agreements usually tie commission to successful property purchase, while Broker Agreements might include various fee structures for different services.
• Legal Obligations: Under Irish law, Buyer Representation Agreements require specific PSRA compliance elements, while Broker Agreements can vary based on the type of brokerage service provided.