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Buyer Listing Agreement

Buyer Listing Agreement Template for Malaysia

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Key Requirements PROMPT example:

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."

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Document background
The Buyer Listing Agreement is a crucial document in Malaysian real estate transactions, used when a potential property buyer wishes to formally engage a real estate agent's services. It is particularly important in Malaysia's dynamic property market, where professional representation can be vital for navigating complex property transactions. The agreement typically includes detailed specifications of desired properties, agent's scope of services, commission structures, and duration of the engagement, all while ensuring compliance with Malaysian real estate regulations and the Valuers, Appraisers, Estate Agents and Property Managers Act 1981. This document is essential for both residential and commercial property searches, providing clear guidelines and protections for both the buyer and the agent throughout the property search process.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























Clauses


























Relevant Industries

Real Estate

Residential Property

Commercial Property

Property Development

Property Investment

Professional Services

Legal Services

Relevant Teams

Legal

Compliance

Real Estate

Property Acquisition

Corporate Services

Facilities Management

Risk Management

Operations

Investment

Relevant Roles

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

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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