Buyer Broker Agreement Template for Indonesia

The Buyer Broker Agreement is a crucial document in Indonesian real estate transactions that formalizes the relationship between a property buyer and their chosen broker. This agreement is particularly important in Indonesia's dynamic real estate market, where professional representation is essential for navigating complex property transactions. The document is used when a buyer seeks professional assistance in property search, evaluation, and purchase negotiations, providing legal protection for both parties under Indonesian law. It typically includes detailed terms of service, commission structures, duration of representation, and specific obligations of both parties. The agreement is designed to comply with Indonesian Civil Code requirements, relevant real estate regulations, and consumer protection laws, making it an essential tool for professional property transactions in the Indonesian market.

1. Parties: Identification of the broker and the buyer, including complete legal names, addresses, and registration numbers if applicable

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

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

4. Appointment and Scope of Services: Details of the broker's appointment and comprehensive list of services to be provided

5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination

6. Broker's Rights and Obligations: Detailed responsibilities of the broker, including property search, negotiations, and documentation assistance

7. Buyer's Rights and Obligations: Buyer's commitments, including providing accurate information and cooperation

8. Commission Structure: Details of broker's fees, payment terms, and conditions for commission earning

9. Confidentiality: Obligations regarding confidential information and its handling

10. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority

11. Liability and Indemnification: Extent of broker's liability and mutual indemnification provisions

12. Governing Law and Dispute Resolution: Applicable Indonesian law and method of resolving disputes

13. General Provisions: Standard clauses including notices, amendments, and severability