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Buyers Rep Agreement for Ireland

Buyers Rep Agreement Template for Ireland

This document establishes a formal relationship between a property buyer and their appointed representative in Ireland, governed by Irish law and compliant with the Property Services (Regulation) Act 2011. It outlines the representative's authority to act on behalf of the buyer in property transactions, detailing specific services, obligations, fee structures, and terms of engagement. The agreement ensures compliance with Irish property regulations while protecting both parties' interests through clear definition of roles, responsibilities, and performance expectations in the property acquisition process.

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What is a Buyers Rep Agreement?

The Buyer's Representative Agreement is a crucial document used in Irish property transactions when a buyer seeks professional representation in their property search and acquisition process. This agreement is particularly relevant in Ireland's dynamic property market, where professional representation is often essential for successful property acquisition. The document complies with Irish property law, including the Property Services (Regulation) Act 2011, and establishes the scope of services, fee structures, and obligations of both parties. It's designed to protect the interests of buyers while providing clear parameters for representatives to operate within the Irish legal framework. The agreement typically includes detailed provisions for property search criteria, negotiation authority, due diligence requirements, and communication protocols, making it essential for both residential and commercial property transactions in Ireland.

What sections should be included in a Buyers Rep Agreement?

1. Parties: Identification of the buyer and the buyer's representative, including full legal names and addresses

2. Background: Context of the agreement, establishing the buyer's intention to purchase property and the representative's qualifications and licensing

3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Services', 'Fee Structure', etc.

4. Appointment and Duration: Formal appointment of the representative and the term of the agreement

5. Services: Detailed description of services to be provided by the representative

6. Representative's Obligations: Specific duties and responsibilities of the buyer's representative

7. Buyer's Obligations: Responsibilities and commitments of the buyer

8. Fees and Expenses: Fee structure, payment terms, and reimbursable expenses

9. Confidentiality: Obligations regarding confidential information and GDPR compliance

10. Conflicts of Interest: Handling of potential conflicts and disclosure requirements

11. Termination: Circumstances and procedures for ending the agreement

12. General Provisions: Standard legal provisions including governing law, notices, and entire agreement

What sections are optional to include in a Buyers Rep Agreement?

1. International Purchases: Additional provisions for international buyers, including currency considerations and cross-border requirements

2. Special Property Types: Specific provisions for unique property types (commercial, agricultural, historic properties)

3. Multiple Properties: Terms for searching and acquiring multiple properties under one agreement

4. Power of Attorney: Optional authority granted to the representative for specific actions

5. Property Management: Additional services for managing the property after purchase

6. Due Diligence Services: Enhanced investigation and verification services beyond standard scope

What schedules should be included in a Buyers Rep Agreement?

1. Schedule 1 - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms

2. Schedule 2 - Property Requirements: Detailed specifications of the type of property sought, including location, size, budget, and special requirements

3. Schedule 3 - Service Level Details: Comprehensive list of services included in the agreement

4. Schedule 4 - Representative's Credentials: Copies of licenses, certifications, and professional memberships

5. Appendix A - Buyer's Requirements Checklist: Standardized form detailing buyer's specific requirements and preferences

6. Appendix B - Communication Protocol: Agreed procedures for regular updates and communication between parties

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

Jurisdiction

Ireland

Publisher

Ƶ

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions
































Clauses






























Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Hospitality

Retail

Industrial

Agriculture

Healthcare

Education

Relevant Teams

Legal

Real Estate

Procurement

Facilities Management

Compliance

Risk Management

Operations

Finance

Corporate Services

Property Management

Relevant Roles

Real Estate Agent

Property Consultant

Legal Counsel

Property Manager

Acquisition Manager

Real Estate Director

Facilities Manager

Property Services Manager

Compliance Officer

Contract Manager

Real Estate Investment Manager

Property Portfolio Manager

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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