Buyer Representation Agreement Template for Belgium

The Buyer Representation Agreement is a crucial document in Belgian real estate transactions that formalizes the relationship between a property buyer and their chosen real estate representative. This agreement is essential when a buyer seeks professional assistance in searching for, evaluating, and negotiating the purchase of real estate in Belgium. The document is designed to comply with Belgian legal requirements, including the Law of 11 February 2013 and the Royal Decree of 6 September 1993, which regulate real estate professional services. It details the agent's responsibilities, buyer's requirements, compensation terms, and includes specific provisions required under Belgian law for consumer protection and professional real estate services. The agreement is particularly important as it establishes clear expectations and legal obligations while providing protection for both the buyer and the agent throughout the property search and acquisition process.

1. Parties: Identification of the buyer(s) and the real estate agent/agency, including registration numbers and professional credentials

2. Background: Context of the agreement and confirmation that the agent is duly licensed under Belgian law

3. Definitions: Key terms used throughout the agreement, including professional services, property criteria, and compensation terms

4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the buyer

5. Services to be Provided: Detailed description of services the agent will provide, including property search, negotiations, and advisory services

6. Buyer's Requirements: Specific criteria for the property search, including location, price range, and essential features

7. Duration and Termination: Term of the agreement, renewal provisions, and conditions for termination

8. Compensation: Fee structure, payment terms, and conditions for when compensation becomes due

9. Obligations of the Agent: Professional duties, including loyalty, confidentiality, and due diligence requirements

10. Obligations of the Buyer: Buyer's commitments, including cooperation and exclusive representation terms

11. Confidentiality: Provisions regarding handling of confidential information and data protection

12. Liability and Insurance: Extent of agent's liability and confirmation of professional insurance coverage

13. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes

14. Signatures: Execution block with date and signatures of all parties