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Buyer Listing Agreement
"I need a Buyer Listing Agreement for an exclusive arrangement with a real estate agent in Kuala Lumpur to find a commercial property between RM 5-8 million, with the agreement running from January 1, 2025, to June 30, 2025, including virtual viewing services."
1. Parties: Identifies and provides full details of the buyer and the real estate agent/agency, including registration numbers and addresses
2. Background: Explains the context of the agreement - that the buyer wishes to engage the agent to assist in finding and purchasing property
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Scope of Services: Details the buyer's appointment of the agent and specific services to be provided
5. Term of Agreement: Specifies the duration of the agreement, including start and end dates
6. Buyer's Property Requirements: Outlines the buyer's specific requirements for the desired property, including type, location, and price range
7. Agent's Duties and Responsibilities: Lists all obligations and responsibilities of the agent towards the buyer
8. Buyer's Obligations: Specifies the buyer's responsibilities and commitments under the agreement
9. Commission Structure: Details the agent's compensation, including rate, calculation method, and payment terms
10. Termination: Specifies conditions and procedures for terminating the agreement
11. Confidentiality: Outlines confidentiality obligations regarding shared information
12. Governing Law: Specifies that Malaysian law governs the agreement
13. Notices: Details how formal communications between parties should be made
14. Entire Agreement: Confirms that this document represents the complete agreement between parties
1. Protection Period: Defines a period after agreement termination during which the agent remains entitled to commission - include when standard practice in the region
2. Multiple Agents Declaration: Clarifies whether the agreement is exclusive or non-exclusive - include when buyer may work with multiple agents
3. Special Market Conditions: Addresses specific market circumstances affecting the property search - include during unusual market conditions
4. Virtual Services: Outlines provisions for virtual property viewings and online services - include when relevant to the service delivery method
5. Force Majeure: Addresses unforeseen circumstances preventing performance - include when additional risk protection is desired
6. Anti-Money Laundering Compliance: Details specific AML compliance requirements - include for high-value transactions or when dealing with foreign buyers
1. Schedule A - Property Requirements: Detailed list of buyer's property requirements including location preferences, size, amenities, and price range
2. Schedule B - Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms
3. Schedule C - Agent's Service Package: Comprehensive list of services included in the agreement
4. Schedule D - Required Documents: List of documents the buyer needs to provide for property purchase
5. Appendix 1 - Agent's License and Credentials: Copies of agent's professional licenses and certifications
6. Appendix 2 - Agency's Standard Operating Procedures: Document outlining the agency's standard practices and procedures
Authors
Agent
Agreement
Board
Business Day
Buyer
Commission
Commencement Date
Confidential Information
Desired Property
Effective Date
Exclusivity Period
Identity Card
Licensed Estate Agent
Maximum Purchase Price
Minimum Purchase Price
Notice
Property Requirements
Property Search Services
Purchase
Purchase Price
Registration Number
Services
Term
Territory
Scope of Services
Term and Duration
Property Requirements
Agent Obligations
Buyer Obligations
Commission
Payment Terms
Exclusivity
Confidentiality
Representations and Warranties
Termination
Force Majeure
Indemnification
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Data Protection
Anti-Money Laundering
Professional Standards
Good Faith
Liability
Real Estate
Residential Property
Commercial Property
Property Development
Property Investment
Professional Services
Legal Services
Legal
Compliance
Real Estate
Property Acquisition
Corporate Services
Facilities Management
Risk Management
Operations
Investment
Real Estate Agent
Property Buyer
Legal Counsel
Compliance Officer
Property Manager
Real Estate Director
Acquisition Manager
Property Investment Manager
Corporate Real Estate Manager
Real Estate Broker
Estate Agency Principal
Property Consultant
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