Search mandate property purchase

Client

1. Subject matter of the contract

• The client instructs the estate agent to provide him with offers for the purchase of a property and/or to act as an intermediary vis-à-vis the seller.
• The desired purchase opportunity should meet the following criteria:

2. Duration of the contract

• The contract begins upon signature and ends after six months. If the contract is not terminated with one month's notice, it shall be extended by three months at a time. During the term of the contract, the contract may be terminated at any time for good cause without notice in text form. The contract ends in any case with the conclusion of a purchase contract for the property proven by the contractor.

3. Duties of the broker

• The broker shall be obliged to make reasonable enquiries on behalf of the buyer about the possibility of purchasing a property that meets the aforementioned criteria.
• The broker shall inform the client of any change in the market and in particular of the probability of concluding the notified purchase agreement under the stated purchase conditions.

4. Obligations of the principal

• The principal acts in his own name or in the name of the following prospective buyers:

• The principal shall inform the estate agent if his interest in purchase has lapsed, if he has purchased elsewhere or if the purchase has become impossible for him, e.g. due to the fact that it is no longer possible to finance the purchase.
• The buyer shall treat the broker's information, in particular regarding purchase offers and contract opportunities, as confidential and shall not pass it on.

5. Commission

• The broker shall receive a commission from the buyer for his services in the amount of 6% plus statutory VAT, thus 3.57%, calculated on the basis of the purchase price including services equivalent to the purchase price, due upon effective conclusion of the purchase contract. If the broker has already received an order from the seller for the property in question, the commission shall only arise in the amount owed by the seller (maximum 3% plus statutory VAT).
• The commission obligation of the principal also arises in the event of the broker's information being passed on to a third person, if this person purchases.
• If the client violates his obligations under this contract, the broker is entitled to demand compensation for the expenses incurred. Further compensation for damages remains unaffected.
• Should individual clauses of this contract be or become invalid or should the contract contain a loophole, the remainder of the contract shall retain its validity. If the client is a merchant or does not maintain a residence in Germany, the place of jurisdiction shall be Berlin.