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If you’re helping clients purchase assets such as cars or properties in 2025, you may require a Buyer’s Agent Agreement to clearly outline your role and protect your interests.
A Buyer’s Agent Agreement empowers you to act on your client’s behalf. It details the services you will provide – from price negotiations and liaising with vendor’s agents to conducting appraisals and comprehensive asset searches. For more on setting up these essential legal documents, check out our Legal Documents for Business guide.
Why Do I Need One?
Having a Buyer’s Agent Agreement is essential, particularly when dealing with high-value asset purchases like property. It formalises your authority, protects your commission, and ensures both you and your client clearly understand the obligations and expectations, all while aligning with the latest industry regulations.
This agreement also lays out clear conditions regarding commission structures and payment timelines. With the ever-changing market dynamics and updated legislative requirements in 2025, having these details in writing minimises disputes and builds confidence between you and your client.
What Is It?
Your Buyer’s Agent Agreement should comprehensively cover the following key points:
- The scope of services you will provide, detailing the specific assets you will search for and purchase on your client’s behalf. For guidance on drafting service details, you might refer to our Service Agreement template.
- The amount of fees or commission you will receive, ensuring your compensation structure is transparent and reflective of current market practices.
- The circumstances under which you’re entitled to payment – for example, whether your commission is due upon completion of the purchase or once the asset has been delivered.
- The method of payment – specifying if your commission will be deducted from the deposit or invoiced separately.
- The extent of your authority to act on your client’s behalf, which may include making certain decisions during negotiations. Clear authority is as crucial here as it is in other contractual frameworks, such as those explained in our Convertible Notes article.
- The term of the agreement, whether fixed or ongoing, to cover the entire duration of the asset purchase process.
In 2025, it’s increasingly important for Buyer’s Agent Agreements to include modern clauses—such as digital communication protocols, dispute resolution procedures, and provisions for amendments that reflect current consumer protection laws. Regular reviews of your agreement can help ensure it remains compliant, as outlined in our Legal Aspects for Small Businesses guide.
Example
Ted is a Buyer’s Agent at a reputable agency that assists clients with purchasing properties and other high-value assets. In the dynamic 2025 property market, Marshall has engaged Ted’s services to help secure a lucrative investment property.
With a demanding day job and little time to navigate the complexities of the property market, Marshall relies on Ted to manage negotiations and administrative processes on his behalf.
Recognising the substantial financial risk involved, Ted ensures a robust Buyer’s Agent Agreement is in place. This agreement confirms his entitlement to a pre-agreed commission and clearly outlines his authority to make crucial decisions during the purchase process.
This approach not only protects Ted’s interests but also reinforces client trust, ensuring both parties are clear about their roles and responsibilities from the outset.
Get In Touch!
If you’re a buyer’s agent involved in property or asset acquisitions, it’s vital to have a comprehensive Buyer’s Agent Agreement that secures your commission and clarifies your authority.
If you need an agreement drafted or require assistance with your legal documents, get in touch at team@sprintlaw.com.au or call 1800 730 617. For additional insights on drafting robust contracts, have a look at our Contract Review and Redraft service.
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