Document background
The Buyer Broker Agreement is essential for establishing clear terms between property buyers and real estate professionals in Belgium. This document is typically used when a buyer seeks professional assistance in identifying and acquiring property, whether for residential, commercial, or investment purposes. The agreement, governed by Belgian law, details the scope of the broker's services, compensation structure, and obligations of both parties. It includes specific provisions required under Belgian real estate regulations and professional standards set by the BIV/IPI. The document is particularly important in exclusive arrangements where the broker has sole rights to represent the buyer for a specified period. The agreement should be tailored to reflect whether it covers domestic Belgian properties only or includes international property searches, and whether it's for single property acquisition or multiple property portfolios.
