The Buyer Representation Form serves as a crucial document in property transactions within England and Wales, protecting the interests of both buyers and their appointed representatives. This contract type is typically employed when a buyer seeks professional assistance in property searching, negotiation, and purchase processes. The form includes essential details about service scope, fees, confidentiality obligations, and termination rights, while ensuring compliance with the Estate Agents Act 1979 and related regulations. It's particularly important for establishing clear expectations and avoiding potential disputes during the property acquisition process.
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1. Parties: Details of the buyer and the agent
2. Background: Context of the representation agreement
3. Definitions: Key terms used in the agreement
4. Scope of Services: Detailed description of services to be provided by the agent
5. Agent's Obligations: Duties and responsibilities of the agent
6. Client's Obligations: Duties and responsibilities of the buyer
7. Fees and Payment Terms: Details of agent's compensation and payment schedule
8. Term and Termination: Duration of agreement and termination provisions
1. Exclusivity Provisions: Used when the agent has exclusive rights to represent the buyer
2. International Property Provisions: Additional terms for international property searches
3. Special Requirements: Specific property requirements or conditions
1. Schedule 1: Fee Schedule: Detailed breakdown of fees and commission structure
2. Schedule 2: Property Requirements: Detailed specification of property requirements
3. Appendix A: Privacy Notice: GDPR-compliant privacy notice
4. Appendix B: Identity Verification Requirements: List of required documents for AML compliance
Relevant legal definitions
Agreement
Agent
Agency Fee
Buyer
Business Day
Commencement Date
Completion
Confidential Information
Due Diligence
Effective Date
Exchange of Contracts
Force Majeure
Material Information
Party/Parties
Personal Data
Property
Property Requirements
Property Search Area
Purchase Price
Representation Period
Services
Search Criteria
Success Fee
Term
Territory
Transaction
Working Hours
Agent
Agency Fee
Buyer
Business Day
Commencement Date
Completion
Confidential Information
Due Diligence
Effective Date
Exchange of Contracts
Force Majeure
Material Information
Party/Parties
Personal Data
Property
Property Requirements
Property Search Area
Purchase Price
Representation Period
Services
Search Criteria
Success Fee
Term
Territory
Transaction
Working Hours
Clauses
Scope of Services
Appointment and Authority
Agent's Obligations
Buyer's Obligations
Fees and Commission
Payment Terms
Confidentiality
Data Protection
Exclusivity
Term and Duration
Termination
Liability and Indemnification
Force Majeure
Anti-Money Laundering Compliance
Conflict of Interest
Communication and Reporting
Property Search Criteria
Due Diligence Requirements
Intellectual Property
Variation and Amendment
Assignment and Transfer
Notices
Entire Agreement
Severability
Governing Law
Dispute Resolution
Appointment and Authority
Agent's Obligations
Buyer's Obligations
Fees and Commission
Payment Terms
Confidentiality
Data Protection
Exclusivity
Term and Duration
Termination
Liability and Indemnification
Force Majeure
Anti-Money Laundering Compliance
Conflict of Interest
Communication and Reporting
Property Search Criteria
Due Diligence Requirements
Intellectual Property
Variation and Amendment
Assignment and Transfer
Notices
Entire Agreement
Severability
Governing Law
Dispute Resolution
Relevant Industries
Relevant Teams
Relevant Roles
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