The Exclusive Buyer Brokerage Agreement is a fundamental document in Canadian real estate transactions that establishes a committed professional relationship between a buyer and a real estate brokerage. This agreement is typically used when a serious buyer wants dedicated professional representation in their property search and purchase process. The document ensures that the brokerage firm has the exclusive right to represent the buyer in property transactions within a specified period and geographic area. It details the brokerage's obligations to the buyer, including property search services, market analysis, negotiation support, and professional guidance throughout the purchase process. The agreement is structured to comply with Canadian federal and provincial real estate regulations, including necessary consumer protections and disclosure requirements. It specifies commission structures, the duration of the exclusive relationship, and the specific services the buyer can expect from the brokerage.
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1. Parties: Identifies the brokerage firm and the buyer(s), including full legal names and contact information
2. Background: Establishes the context of the agreement, including the buyer's intention to purchase property and the brokerage's services offering
3. Definitions: Defines key terms used throughout the agreement, including 'Exclusive Period', 'Territory', 'Property Type', and 'Compensation'
4. Appointment and Term: Establishes the exclusive nature of the relationship and specifies the duration of the agreement
5. Brokerage Services: Details the specific services the brokerage will provide to the buyer
6. Buyer's Obligations: Outlines the buyer's commitments, including working exclusively with the brokerage and providing accurate information
7. Property Requirements: Specifies the type, price range, and characteristics of properties the buyer is interested in
8. Compensation: Details the commission structure, payment terms, and circumstances under which compensation becomes due
9. Territory: Defines the geographic area covered by the agreement
10. Termination: Specifies conditions and procedures for ending the agreement
11. Confidentiality: Addresses the handling of confidential information shared during the relationship
12. Representations and Warranties: Contains statements of fact and promises made by both parties
13. General Provisions: Includes standard clauses such as governing law, entire agreement, and amendments
1. Multiple Buyers: Required when there are multiple buyers acting together, defining their joint and several responsibilities
2. Foreign Investment: Required for non-resident buyers, addressing additional requirements and tax considerations
3. Assignment: Optional section allowing/restricting the transfer of rights under the agreement
4. Digital Communications: Optional section governing the use of electronic signatures and digital communications
5. Holdover Period: Optional clause extending the brokerage's rights to compensation after agreement termination
6. Force Majeure: Optional clause addressing unforeseen circumstances that may affect performance
7. Dispute Resolution: Optional section detailing mediation/arbitration procedures for conflict resolution
1. Schedule A - Buyer's Property Requirements: Detailed list of buyer's specific property requirements, preferences, and deal-breakers
2. Schedule B - Commission Schedule: Detailed breakdown of commission rates and payment structures
3. Schedule C - Territory Map: Visual representation of the geographic area covered by the agreement
4. Appendix 1 - Required Disclosures: Mandatory disclosures required by provincial real estate regulations
5. Appendix 2 - Agency Relationships: Explanation of different types of agency relationships and their implications
6. Appendix 3 - Privacy Policy: Details on how personal information will be collected, used, and protected
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Financial Services
Property Development
Property Management
Professional Services
Relevant Teams
Legal
Real Estate Operations
Compliance
Client Relations
Business Development
Contract Administration
Transaction Processing
Document Management
Risk Management
Relevant Roles
Real Estate Agent
Real Estate Broker
Brokerage Manager
Real Estate Sales Representative
Compliance Officer
Legal Counsel
Contract Administrator
Property Specialist
Client Relations Manager
Real Estate Transaction Coordinator
Business Development Manager
Real Estate Operations Manager
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