Buyer Representation Agreement Template for Austria

A Buyer Representation Agreement is a crucial document used when a property buyer seeks professional representation in the Austrian real estate market. This agreement formally establishes the agency relationship between a real estate professional and a buyer, whether individual or corporate, who is seeking to purchase property. The document is specifically tailored to comply with Austrian legal requirements, including the Maklergesetz (Real Estate Agent Act), consumer protection laws, and data protection regulations. It is essential for protecting both parties' interests by clearly defining the scope of services, commission structures, exclusivity arrangements, and respective obligations. The agreement becomes particularly important in complex property transactions where professional representation is valuable for navigating the Austrian real estate market and ensuring compliance with local property laws and regulations.

1. Parties: Identification of the buyer (client) and the real estate agent, including full legal names, addresses, and registration details for the agent

2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's qualifications and licenses

3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Commission', and 'Exclusive Period'

4. Appointment and Scope of Services: Formal appointment of the agent and detailed description of services to be provided, including property search, negotiation, and advisory services

5. Term and Termination: Duration of the agreement, including start date, end date, and conditions for early termination

6. Agent's Obligations: Detailed listing of agent's duties, including disclosure obligations under Austrian law, duty of care, and confidentiality requirements

7. Client's Obligations: Buyer's responsibilities, including providing accurate information, cooperating with the agent, and maintaining exclusive relationship if applicable

8. Commission Structure: Detailed explanation of agent's compensation, including circumstances triggering payment and calculation method

9. Confidentiality: Provisions regarding handling of confidential information and personal data in compliance with Austrian Data Protection Act

10. Liability and Insurance: Scope of agent's liability, professional insurance details, and limitation of liability provisions as permitted by law

11. Notices: Methods and addresses for official communications between parties

12. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction for disputes