Buyer Representation Agreement Template for Indonesia

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Key Requirements PROMPT example:

Buyer Representation Agreement

"I need a Buyer Representation Agreement for a foreign corporate client looking to acquire commercial properties in Jakarta, with a 12-month exclusivity period starting March 1, 2025, including provisions for multiple property acquisitions and cross-border transactions."

Document background
The Buyer Representation Agreement is a crucial document in Indonesian real estate transactions that formalizes the relationship between a property buyer and their chosen real estate agent. This agreement is particularly important in the Indonesian market, where property transactions are governed by specific local regulations and the Civil Code (KUHPerdata). It should be used whenever a buyer engages a professional to assist in property acquisition, whether for residential or commercial purposes. The document typically includes detailed provisions about the scope of representation, commission structures, exclusivity terms, and the agent's obligations under Indonesian law. It serves to protect both parties' interests by clearly defining the parameters of the professional relationship and establishing clear expectations for services, compensation, and responsibilities. The agreement is especially relevant given Indonesia's complex property ownership rules and the need for proper due diligence in real estate transactions.
Suggested Sections

1. Parties: Identification of the buyer (client) and the real estate agent/agency, including full legal names, addresses, and registration numbers

2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's qualifications to represent them

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Appointment and Scope of Services: Formal appointment of the agent and detailed description of services to be provided

5. Term of Agreement: Duration of the representation agreement, including start and end dates

6. Agent's Obligations: Detailed responsibilities of the agent, including property search, negotiations, and due diligence

7. Client's Obligations: Buyer's responsibilities, including providing accurate information and maintaining exclusive representation

8. Compensation: Fee structure, payment terms, and conditions for commission

9. Confidentiality: Obligations regarding confidential information shared during the representation

10. Termination: Conditions and procedures for ending the agreement

11. Governing Law: Specification of Indonesian law as governing law and jurisdiction

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Property Requirements: Specific criteria for the property being sought, used when buyer has detailed requirements

2. Geographic Limitations: Specific areas where the agent will conduct property searches, included when representation is limited to certain regions

3. Additional Services: Special services beyond standard representation, included when agent offers extra services

4. Foreign Investment Provisions: Special provisions for foreign buyers, included when the client is not Indonesian

5. Multiple Agency Provisions: Terms governing cooperation with other agents, used when multiple agencies might be involved

6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in uncertain times

7. Language Provisions: For agreements drafted in multiple languages, specifying which version prevails

Suggested Schedules

1. Schedule A - Service Fee Structure: Detailed breakdown of all fees, commissions, and payment terms

2. Schedule B - Property Requirements: Detailed specifications of the type of property being sought

3. Schedule C - Excluded Properties: List of properties already shown to or known by the buyer before the agreement

4. Schedule D - Agent's Credentials: Copies of agent's licenses, certifications, and professional credentials

5. Appendix 1 - Power of Attorney: Optional power of attorney for specific transactions

6. Appendix 2 - Required Documents: List of documents required from the buyer for property transactions

7. Appendix 3 - Service Territory Map: Map showing the geographic area covered by the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Real Estate

Property Development

Real Estate Investment

Commercial Property

Residential Property

Property Management

Construction

Real Estate Consulting

Property Investment Advisory

Relevant Teams

Real Estate

Legal

Procurement

Investment

Property Acquisition

Contract Administration

Property Management

Asset Management

Transaction Advisory

Risk Management

Relevant Roles

Real Estate Agent

Property Consultant

Real Estate Broker

Property Acquisition Manager

Real Estate Investment Manager

Property Buyer's Representative

Legal Counsel

Contract Manager

Real Estate Transaction Coordinator

Property Portfolio Manager

Real Estate Advisory Manager

Investment Director

Chief Investment Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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