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The Buyer Broker Exclusive Agreement is a crucial document in Indonesian real estate transactions that formalizes the professional relationship between a property buyer and their chosen real estate broker. This agreement is particularly important in the Indonesian market, where property transactions can be complex and require extensive local knowledge. The document establishes the broker's exclusive right to represent the buyer in property searches, negotiations, and acquisitions within a specified period, protecting both parties' interests under Indonesian law. It typically includes detailed property requirements, commission structures, and service scope, while ensuring compliance with Indonesian real estate regulations and the Civil Code. This type of agreement is commonly used when buyers seek professional representation in navigating Indonesia's property market, whether for residential, commercial, or industrial acquisitions.

1. Parties: Identification of the broker and the buyer, including complete legal names, addresses, and registration numbers

2. Background: Context of the agreement, including the buyer's intention to purchase property and the broker's qualifications

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

4. Appointment and Scope: Formal appointment of the broker and detailed description of services to be provided

5. Exclusivity: Terms of the exclusive relationship and restrictions on engaging other brokers

6. Term and Termination: Duration of the agreement, renewal provisions, and circumstances for termination

7. Broker's Obligations: Detailed responsibilities of the broker including property search, negotiations, and advisory services

8. Buyer's Obligations: Buyer's commitments including providing accurate requirements, cooperating with the broker, and maintaining exclusivity

9. Commission Structure: Details of broker's compensation, payment terms, and circumstances triggering commission payment

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

11. Liability and Indemnification: Extent of broker's liability and mutual indemnification provisions

12. Governing Law and Dispute Resolution: Application of Indonesian law and mechanism for resolving disputes

13. Notices: Process and requirements for formal communications between parties

14. General Provisions: Standard clauses including amendment process, severability, and entire agreement provisions