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Buyer Broker Exclusive Agreement
"I need a Buyer Broker Exclusive Agreement for Malaysia that includes provisions for searching both local and Singapore properties, with a focus on luxury residential properties above RM5 million, and the agreement should run from January 2025 for 12 months."
1. Parties: Identifies and provides full details of the buyer and the licensed real estate broker/agency
2. Background: Establishes the context of the agreement, including the buyer's intention to acquire property and the broker's qualifications
3. Definitions: Defines key terms used throughout the agreement including 'Exclusive Period', 'Property Requirements', 'Commission', etc.
4. Appointment and Scope: Establishes the exclusive appointment of the broker and details the specific services to be provided
5. Duration: Specifies the term of the exclusive agreement and any renewal provisions
6. Broker's Obligations: Details the broker's duties including property search, negotiations, and professional service standards
7. Buyer's Obligations: Outlines the buyer's commitments including exclusive dealing and information provision
8. Commission Structure: Details the broker's compensation, payment terms, and circumstances when commission becomes payable
9. Confidentiality: Addresses the handling of confidential information shared during the engagement
10. Termination: Specifies conditions and procedures for ending the agreement
11. Governing Law: Confirms Malaysian law governs the agreement and jurisdiction for disputes
1. Property Type Restrictions: Used when the buyer has specific property type requirements or restrictions
2. International Property Services: Include when the search scope includes properties outside Malaysia
3. Multiple Buyer Provisions: Required when multiple buyers are party to the agreement
4. Special Market Conditions: Include during unusual market circumstances requiring specific provisions
5. Additional Services: Used when broker provides extra services beyond standard property search
6. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
7. Anti-Money Laundering Compliance: Include for high-value transactions or when dealing with international buyers
1. Schedule 1: Property Requirements: Detailed specifications of the buyer's property requirements including location, size, budget, and features
2. Schedule 2: Commission Structure: Detailed breakdown of commission rates, payment terms, and calculation methods
3. Schedule 3: Broker's Services: Comprehensive list of services to be provided by the broker
4. Schedule 4: Required Documents: List of documents the buyer must provide for due diligence
5. Appendix A: Broker's License: Copy of broker's current registration/license with the Board of Valuers, Appraisers and Estate Agents
6. Appendix B: Agency Disclosure: Standard form disclosing the nature of the agency relationship as required by Malaysian regulations
Authors
Exclusivity
Scope of Services
Term and Duration
Commission
Payment Terms
Broker Obligations
Buyer Obligations
Representations and Warranties
Confidentiality
Data Protection
Termination
Force Majeure
Governing Law
Dispute Resolution
Assignment
Notices
Indemnification
Entire Agreement
Severability
Professional Standards
Compliance
Good Faith
Amendment
Waiver
Real Estate
Property Development
Commercial Property
Residential Property
Investment Management
Professional Services
Legal Services
Financial Services
Property Management
Construction
Legal
Real Estate
Property Management
Acquisitions
Compliance
Business Development
Investment
Operations
Corporate Services
Risk Management
Real Estate Broker
Property Agent
Real Estate Agent
Property Consultant
Estate Agent
Legal Counsel
Corporate Lawyer
Property Manager
Investment Manager
Acquisitions Manager
Real Estate Director
Property Director
Compliance Officer
Real Estate Transaction Manager
Business Development Manager
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