Non Exclusive Buyer Broker Agreement Template for Indonesia

This Non-Exclusive Buyer Broker Agreement is designed for use in the Indonesian real estate market when a property buyer wishes to engage a broker's services while maintaining the freedom to work with other brokers. The document is particularly relevant in competitive property markets where buyers benefit from multiple broker relationships. It complies with Indonesian Civil Code requirements and relevant real estate regulations, including Minister of Trade Regulation No. 33/M-DAG/PER/8/2008 governing real estate services. The agreement details the scope of broker services, commission structures, property search criteria, and protection periods while incorporating necessary consumer protection provisions. It's commonly used in both residential and commercial property transactions, providing clear guidelines for the broker-buyer relationship while protecting both parties' interests under Indonesian law.

1. Parties: Identification of the broker/brokerage firm and the buyer, including complete legal names and addresses

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

3. Definitions: Key terms used throughout the agreement, including 'Property Requirements,' 'Broker Services,' 'Commission,' etc.

4. Appointment and Scope: Defines the non-exclusive nature of the appointment and scope of broker's services

5. Term and Termination: Duration of the agreement and conditions for termination by either party

6. Broker's Services and Obligations: Detailed description of services to be provided by the broker

7. Buyer's Obligations: Buyer's responsibilities, including providing accurate requirements and cooperating with the broker

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

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

10. Confidentiality: Obligations regarding confidential information shared during the engagement

11. Governing Law and Dispute Resolution: Specification of Indonesian law as governing law and dispute resolution procedures

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