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A Buyer Representation Agreement is a legal contract between you and a real estate agent in Nigeria, making them your official representative during property purchases. This agreement gives your agent exclusive rights to help you find and buy property while protecting both parties' interests under Nigerian property law.

The agreement spells out important details like your agent's commission, the duration of representation, and their specific duties - from property searches to price negotiations. It also defines your obligations as a buyer, including working exclusively with that agent and being clear about your budget and preferences in line with the Nigerian Estate Surveyors and Valuers Registration Act.

Use a Buyer Representation Agreement when you're ready to seriously search for property in Nigeria and want dedicated professional help. This agreement becomes essential before working with a real estate agent, especially when you're planning to invest significant time and resources into your property search.

The agreement proves particularly valuable in competitive markets like Lagos, Abuja, or Port Harcourt, where having an agent's undivided attention can make the difference in securing prime properties. It's also crucial when dealing with complex transactions, such as commercial property purchases or when navigating unfamiliar neighborhoods where local market expertise matters most.

• Exclusive Buyer Agency Agreement: Gives one agent sole rights to represent you for a set period, typically offering the strongest commitment and service level
• Non-Exclusive Agreement: Allows you to work with multiple agents but only pay commission to the one who finds your property
• Limited Service Agreement: Defines specific tasks the agent will handle, common for buyers who want to manage some aspects of their search independently
• Fixed-Term Agreement: Sets a specific timeframe, usually 3-6 months, with clear start and end dates
• Transaction-Specific Agreement: Covers representation for purchasing one particular property you've already identified

• Property Buyers: Sign the agreement to secure dedicated representation in their property search, usually individuals or companies looking to purchase real estate
• Licensed Real Estate Agents: Draft and present the agreement, commit to representing the buyer's interests throughout the property purchase process
• Real Estate Law Firms: Often review or prepare these agreements to ensure compliance with Nigerian property laws
• Estate Surveyors: May be involved in property valuation and technical aspects mentioned in the agreement
• Property Development Companies: Often work with buyers who have representation agreements when selling new developments

• Buyer Details: Gather complete contact information, property preferences, and budget constraints
• Agent Credentials: Verify real estate agent's license and registration with Nigerian Estate Surveyors and Valuers Registration Board
• Agreement Terms: Define duration, commission structure, and specific services included
• Property Scope: Specify types of properties, target locations, and price range to be covered
• Documentation: Collect necessary identification documents and proof of funds
• Legal Requirements: Our platform ensures all mandatory elements comply with Nigerian property laws

• Party Information: Full legal names, contact details, and professional credentials of both buyer and agent
• Scope of Services: Detailed description of agent's duties, responsibilities, and limitations under Nigerian law
• Duration Clause: Clear start and end dates of the representation period
• Commission Structure: Specific terms of payment, including rate, timing, and conditions
• Exclusivity Terms: Clear statement on exclusive or non-exclusive representation rights
• Termination Provisions: Conditions and process for ending the agreement early
• Governing Law: Reference to relevant Nigerian property and agency laws

A Buyer Representation Agreement differs significantly from an Agency Agreement in several key aspects, though both involve professional representation. While a Buyer Representation Agreement specifically focuses on property purchases, an Agency Agreement covers a broader range of business relationships and transactions in Nigeria.

• Scope of Authority: Buyer Representation Agreements strictly limit authority to property search and purchase activities, while Agency Agreements can grant broader powers to act on behalf of the principal in various business matters
• Duration Structure: Buyer agreements typically last for a specific property search period (3-6 months), while Agency Agreements often have more flexible timeframes
• Commission Structure: Buyer representation typically involves a success-based commission on property purchase, while Agency Agreements may include various compensation models
• Legal Requirements: Buyer agreements must comply with specific Nigerian real estate regulations, while Agency Agreements follow general contract and commercial law principles