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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. Exclusivity: Optional clause establishing whether the agency relationship is exclusive or non-exclusive
2. Property Specifications: Detailed criteria for the type of property the buyer is seeking, used when buyer has specific requirements
3. International Transactions: Additional provisions for international buyers or cross-border transactions
4. Multiple Buyers: Special provisions when representing multiple buyers as a group
5. Virtual Services: Provisions for remote property viewings and digital services, particularly relevant for international clients
6. Force Majeure: Provisions for unforeseen circumstances preventing performance of obligations
7. Anti-Money Laundering Compliance: Specific provisions regarding AML compliance, particularly important for high-value transactions
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
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