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The Buyer Tenant Representation Agreement is a fundamental document in U.S. commercial real estate transactions, used when a client seeks professional representation in acquiring or leasing property. This agreement is essential for protecting both the broker's and client's interests by clearly defining the scope of services, compensation terms, and duration of representation. The document ensures compliance with state-specific real estate regulations and federal laws while establishing an exclusive professional relationship. It typically includes detailed provisions about property requirements, territory limitations, compensation structures, and confidentiality obligations. The agreement is particularly important in complex commercial transactions where professional representation is crucial for navigating market conditions, negotiations, and legal requirements.

1. Parties: Identification of the broker/agent and the client, including full legal names and contact information

2. Background: Brief context explaining the purpose of the agreement and the client's intention to engage the broker's services

3. Definitions: Key terms used throughout the agreement including 'Property Requirements', 'Territory', 'Compensation', and 'Term'

4. Appointment and Authority: Formal appointment of the broker as the client's representative and scope of authority granted

5. Term of Agreement: Duration of the agreement, including start date and end date or renewal provisions

6. Broker's Services: Detailed description of services to be provided by the broker, including property search, negotiations, and advisory services

7. Client's Obligations: Client's responsibilities, including providing accurate information and cooperating with the broker

8. Compensation: Fee structure, payment terms, and conditions under which compensation becomes due

9. Representation and Warranties: Statements of fact and promises made by both parties

10. Confidentiality: Obligations regarding confidential information shared during the engagement

11. Termination: Conditions and process for ending the agreement, including any tail period provisions

12. Liability and Indemnification: Allocation of risks and responsibilities between parties

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