Exclusive Buyer Brokerage Agreement for Malta
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Exclusive Buyer Brokerage Agreement
"I need an Exclusive Buyer Brokerage Agreement for a residential property search in Malta, with a maximum property value of €500,000, to commence on March 1, 2025, for an initial period of 6 months."
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1. Parties: Identification of the buyer and the licensed real estate broker/brokerage firm, including their full legal names and addresses
2. Background: Context of the agreement, including the buyer's intention to purchase property and the broker's licensed status under Maltese law
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Exclusive Period', and 'Brokerage Fee'
4. Appointment and Scope: Establishes the exclusive appointment of the broker and outlines the general scope of services to be provided
5. Duration: Specifies the term of the exclusive relationship, including start date and initial duration
6. Broker's Services: Detailed description of services the broker will provide, including property search, viewings, negotiations, and advisory services
7. Broker's Obligations: Specific duties and responsibilities of the broker, including fiduciary duties, confidentiality, and compliance with Maltese real estate laws
8. Buyer's Obligations: Client's responsibilities, including providing accurate requirements, cooperating with the broker, and maintaining exclusivity
9. Compensation: Details of the broker's fees, payment terms, and circumstances under which fees become payable
10. Confidentiality: Provisions regarding handling of confidential information and personal data in compliance with Maltese law
11. Termination: Circumstances and procedures for ending the agreement, including notice requirements and consequences
12. General Provisions: Standard clauses including governing law, entire agreement, amendments, and notices
1. Property Requirements: Detailed section specifying the buyer's property requirements when these are complex or very specific
2. International Aspects: Additional provisions for international buyers, including currency considerations and cross-border requirements
3. Virtual Services: Provisions for remote property viewings and digital services when required
4. Power of Attorney: Authorization for the broker to act on behalf of the buyer in specific circumstances
5. Anti-Money Laundering Compliance: Specific AML obligations and procedures when dealing with high-value transactions or international buyers
6. Marketing Restrictions: Specific provisions about confidentiality of the search and any restrictions on public marketing
7. Break Clause: Early termination options with specific conditions, when flexibility is required
1. Schedule 1 - Property Requirements: Detailed specification of the type, location, size, budget, and other requirements for the property search
2. Schedule 2 - Fee Structure: Detailed breakdown of all fees, commissions, and payment terms
3. Schedule 3 - Broker's Services: Comprehensive list of all services included in the agreement
4. Appendix A - Broker's Licenses: Copies of relevant broker licenses and certifications as required by Maltese law
5. Appendix B - Client Due Diligence: AML and due diligence documentation requirements
6. Appendix C - Data Protection Notice: Detailed privacy notice and data processing information in compliance with Maltese data protection laws
Authors
Broker
Brokerage Fee
Buyer
Completion
Confidential Information
Due Diligence
Effective Date
Exclusive Period
Exclusivity
Force Majeure
Licensed Activities
Material Breach
Party/Parties
Personal Data
Property
Property Requirements
Purchase Price
Qualifying Property
Real Estate Register
Related Persons
Required Information
Services
Success Fee
Territory
Term
Transaction
Viewing Report
Working Day
Exclusivity
Term and Duration
Services
Broker's Obligations
Buyer's Obligations
Fees and Commission
Payment Terms
Property Requirements
Confidentiality
Data Protection
Anti-Money Laundering
Representations and Warranties
Limitation of Liability
Force Majeure
Termination
Consequences of Termination
Non-Circumvention
Assignment
Notices
Entire Agreement
Severability
Amendments
Waiver
Third Party Rights
Governing Law
Dispute Resolution
Real Estate
Property Development
Financial Services
Legal Services
Professional Services
Construction
Investment
Hospitality
Retail
Commercial Property
Legal
Compliance
Real Estate
Property Management
Business Development
Operations
Risk Management
Corporate Services
Investment Advisory
Client Relations
Document Management
Contracts Administration
Real Estate Broker
Property Consultant
Legal Counsel
Compliance Officer
Real Estate Agent
Property Manager
Contract Manager
Real Estate Director
Business Development Manager
Investment Advisor
Property Acquisition Manager
Risk Manager
Company Secretary
Operations Manager
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