Buyer's Agent Agreement Template for Belgium

The Buyer's Agent Agreement is a crucial document used in Belgian real estate transactions when a buyer seeks professional representation in their property search and acquisition process. This agreement is particularly important in the Belgian market, where property transactions are governed by specific federal and regional regulations. The document establishes the formal relationship between a real estate agent and a buyer, whether private or corporate, detailing the agent's authority to act on the buyer's behalf. It typically includes comprehensive information about service scope, territory coverage, commission structures, and both parties' obligations. The agreement must comply with Belgian Civil Code requirements, real estate agency regulations, and consumer protection laws. It's commonly used when buyers need professional assistance in navigating the Belgian property market, whether for residential, commercial, or investment purposes.

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

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

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

4. Appointment and Duration: Terms of the agent's appointment, including whether it's exclusive or non-exclusive, and the duration of the agreement

5. Agent's Services: Detailed description of services to be provided by the agent, including property search, viewings, negotiations, and advisory services

6. Agent's Obligations: Professional duties and responsibilities of the agent, including due diligence, confidentiality, and compliance with Belgian real estate regulations

7. Client's Obligations: Responsibilities of the buyer, including providing accurate requirements, cooperating with the agent, and maintaining confidentiality

8. Commission Structure: Details of the agent's fees, payment terms, and conditions under which commission becomes payable

9. Termination: Circumstances and procedures for ending the agreement, including notice periods and any financial implications

10. Confidentiality: Obligations regarding confidential information and compliance with GDPR requirements

11. Liability and Insurance: Extent of agent's liability, professional indemnity insurance, and any limitations of liability

12. Governing Law and Jurisdiction: Specification of Belgian law as governing law and jurisdiction for dispute resolution

13. Signatures: Execution section for both parties to sign, including date and place of signing