Buyer Agency Agreement Template for Nigeria

1. Parties: Identifies and provides full details of the buyer (principal) and the real estate agent (agent)

2. Background: Establishes the context of the agreement, including the buyer's intention to purchase property and the agent's qualifications

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Appointment and Authority: Formally establishes the agency relationship and defines the scope of the agent's authority

5. Agent's Services and Duties: Detailed description of services the agent will provide, including property search, negotiations, and advisory services

6. Buyer's Obligations: Outlines the buyer's responsibilities, including providing accurate information and cooperating with the agent

7. Duration of Agreement: Specifies the term of the agreement, including start date and end date

8. Compensation: Details the agent's fees, commission structure, and payment terms

9. Confidentiality: Governs the handling of confidential information shared during the agency relationship

10. Termination: Specifies conditions and procedures for ending the agreement

11. Governing Law: Confirms Nigerian law as governing law and jurisdiction for disputes

12. General Provisions: Standard contractual provisions including notices, amendments, and entire agreement clause

1. Schedule A - 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 - Scope of Services: Comprehensive list of services to be provided by the agent

4. Schedule D - Required Documents: List of documents required from the buyer for proper representation

5. Appendix 1 - Agent's Credentials: Copies of agent's licenses, certifications, and professional memberships

6. Appendix 2 - Power of Attorney: If applicable, power of attorney documentation for the agent to act on buyer's behalf