Buyer's Agent Agreement for Malta
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Buyer's Agent Agreement
"I need a standard Buyer's Agent Agreement for searching residential properties in Malta's Northern Region, with a 6-month exclusive period starting January 2025, including virtual viewing services for an overseas client with a budget of €500,000."
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1. Parties: Identification of the buyer (client) and the real estate agent, including full legal names, addresses, and registration/license numbers for the agent
2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's qualifications and authority to act
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Services', 'Commission', and other relevant terms
4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the buyer
5. Services: Detailed description of services to be provided by the agent, including property search, negotiations, and advisory services
6. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party
7. Agent's Obligations: Specific duties and responsibilities of the agent, including due diligence, confidentiality, and reporting requirements
8. Client's Obligations: Buyer's responsibilities, including providing accurate requirements, cooperating with the agent, and maintaining exclusive representation
9. Commission and Fees: Detailed fee structure, payment terms, and conditions for commission becoming payable
10. Confidentiality: Obligations regarding confidential information and data protection requirements
11. Anti-Money Laundering Compliance: Requirements for AML checks and compliance with relevant regulations
12. Liability and Indemnification: Extent of agent's liability and any indemnification provisions
13. General Provisions: Standard clauses including notices, entire agreement, amendments, governing law, and jurisdiction
1. Exclusive Agency: Additional terms specifying exclusive rights of the agent, used when the agreement is exclusive rather than non-exclusive
2. International Property Search: Additional provisions for searching properties outside Malta, including handling of foreign regulations and requirements
3. Property Management Services: Optional provisions for post-purchase property management services if offered by the agent
4. Virtual Viewing Services: Terms covering virtual property viewings and remote services, particularly relevant for overseas buyers
5. Success Fee Structure: Alternative commission structures based on achieving specific targets or savings, used in premium service agreements
6. Team Designation: Details of specific team members assigned to the buyer, used in larger agencies with dedicated buyer teams
1. Schedule 1: Property Requirements: Detailed specification of the buyer's property requirements, including location, size, budget, and essential features
2. Schedule 2: Fee Structure: Detailed breakdown of all fees, commissions, and payment terms
3. Schedule 3: Service Level Agreement: Specific service standards, response times, and performance metrics
4. Schedule 4: Excluded Properties: List of properties already viewed or identified by the buyer before engaging the agent
5. Appendix A: Agent's Credentials: Copies of agent's licenses, certifications, and professional memberships
6. Appendix B: AML Documentation Requirements: List of required documents and procedures for AML compliance
Authors
Agent
AML Regulations
Business Day
Buyer
Commission
Confidential Information
Due Diligence
Effective Date
Exclusivity Period
Force Majeure
Material Information
Property
Property Requirements
Purchase Price
Related Persons
Services
Success Fee
Term
Territory
Transaction
Viewing Report
Working Hours
Intellectual Property Rights
Fees
Expenses
Property Market Report
Professional Standards
Search Criteria
Acquisition Process
Negotiation Services
Completion Date
Deposit
Preliminary Agreement
Final Deed
Professional Indemnity Insurance
Licensed Activities
Conflict of Interest
Market Value
Valuation Report
Data Protection Laws
GDPR
Documentation
Agency Authority
Scope of Services
Exclusivity
Duration
Termination
Agent Obligations
Client Obligations
Fees and Commission
Payment Terms
Property Search Parameters
Reporting Requirements
Confidentiality
Data Protection
Anti-Money Laundering
Professional Standards
Liability
Indemnification
Insurance
Force Majeure
Assignment
Notices
Amendments
Severability
Entire Agreement
Governing Law
Jurisdiction
Dispute Resolution
Third Party Rights
Compliance
Representations and Warranties
Due Diligence
Communication
Record Keeping
Intellectual Property
Conflicts of Interest
Real Estate
Property Development
Professional Services
Financial Services
Investment Services
Corporate Services
Luxury Real Estate
Commercial Real Estate
Residential Real Estate
Legal
Compliance
Real Estate
Client Relations
Property Acquisition
Investment Advisory
Document Management
Risk Management
Corporate Services
Real Estate Agent
Property Consultant
Real Estate Broker
Property Acquisition Specialist
Real Estate Director
Compliance Officer
Legal Counsel
Property Portfolio Manager
Client Relations Manager
Real Estate Investment Advisor
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