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Buyer Agent Exclusive Agreement for Indonesia

Buyer Agent Exclusive Agreement Template for Indonesia

This document establishes an exclusive agency relationship between a property buyer and a real estate agent in Indonesia, governed by Indonesian law. It outlines the agent's exclusive rights to represent the buyer in property searches and negotiations, defines the scope of services, commission structure, and parties' obligations. The agreement incorporates specific Indonesian legal requirements, including compliance with foreign ownership restrictions where applicable, and provides comprehensive protection for both parties while ensuring alignment with local real estate practices and regulations.

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What is a Buyer Agent Exclusive Agreement?

The Buyer Agent Exclusive Agreement is a crucial document in Indonesian real estate transactions where a buyer seeks dedicated representation in property acquisition. This agreement is particularly important in Indonesia's complex property market, where local knowledge and expertise are essential for navigating legal requirements, especially regarding foreign ownership restrictions. The document establishes an exclusive relationship between the buyer and agent, preventing multiple agent engagements and ensuring focused, committed representation. It typically includes detailed property requirements, territorial limitations, commission structures, and service expectations, while ensuring compliance with Indonesian civil code and real estate regulations. This agreement is commonly used by both domestic and international buyers seeking professional representation in Indonesia's property market, and provides legal protection for both parties throughout the property search and acquisition process.

What sections should be included in a Buyer Agent Exclusive Agreement?

1. Parties: Identification of the buyer (principal) and the real estate agent (agent), including complete legal names and addresses

2. Background: Context of the agreement, establishing the buyer's intention to purchase property and agent's qualifications to assist

3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Exclusive Period', and 'Commission'

4. Appointment and Scope: Exclusive appointment of the agent and detailed scope of services to be provided

5. Term and Exclusivity: Duration of the agreement and confirmation of exclusive nature of the agency relationship

6. Agent's Obligations: Detailed responsibilities of the agent, including property search, negotiations, and reporting requirements

7. Buyer's Obligations: Buyer's commitments, including providing accurate requirements, responding to proposals, and maintaining exclusivity

8. Commission Structure: Details of agent's compensation, including rate, calculation method, and payment timing

9. Confidentiality: Obligations regarding confidential information shared during the engagement

10. Termination: Circumstances and procedures for ending the agreement

11. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction for disputes

What sections are optional to include in a Buyer Agent Exclusive Agreement?

1. Foreign Ownership Provisions: Required when the buyer is a foreign national, addressing specific requirements and restrictions under Indonesian property law

2. Special Property Requirements: Used when the buyer has specific, unusual, or complex property requirements that need detailed documentation

3. Multiple Territory Provisions: Included when the search area spans multiple regions or jurisdictions in Indonesia

4. Anti-Money Laundering Compliance: Detailed compliance procedures when dealing with high-value transactions or specific buyer circumstances

5. Post-Purchase Services: Optional additional services the agent may provide after property purchase

6. Language Provisions: Required when the agreement is drafted in multiple languages, establishing which version prevails

What schedules should be included in a Buyer Agent Exclusive Agreement?

1. Schedule A - Property Requirements: Detailed specifications of the type of property sought, including location, size, budget, and essential features

2. Schedule B - Commission Structure: Detailed breakdown of commission calculations, including any sliding scales or special circumstances

3. Schedule C - Territory Definition: Specific geographical areas covered by the agreement, including maps if necessary

4. Schedule D - Service Level Agreement: Detailed breakdown of services to be provided and response time commitments

5. Appendix 1 - Required Documents: List of documents the buyer must provide for property purchase in Indonesia

6. Appendix 2 - Agent's Credentials: Copies of agent's licenses, certifications, and professional memberships

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions








































Clauses



































Relevant Industries

Real Estate

Property Development

Property Investment

Residential Property

Commercial Property

Industrial Property

Hospitality

Retail Property

Foreign Investment

Professional Services

Relevant Teams

Real Estate

Legal

Compliance

Property Management

Investment

Operations

Finance

Risk Management

Corporate Services

Facilities Management

Relevant Roles

Real Estate Agent

Property Consultant

Investment Manager

Real Estate Broker

Property Acquisition Manager

Real Estate Investment Advisor

Corporate Real Estate Manager

Facilities Manager

Property Portfolio Manager

Legal Counsel

Compliance Officer

Real Estate Director

Chief Investment Officer

Head of Real Estate

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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