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Buyer Broker Agreement Template for Malaysia

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Key Requirements PROMPT example:

Buyer Broker Agreement

"I need a Buyer Broker Agreement for a Singapore-based investment firm looking to acquire commercial properties in Kuala Lumpur, with an exclusivity period starting January 2025 and including specific anti-money laundering provisions for cross-border transactions."

Document background
The Buyer Broker Agreement is a crucial document used in Malaysian real estate transactions when a property buyer seeks professional representation in their property search and acquisition process. This agreement formally establishes the relationship between a licensed real estate broker and a buyer (individual or corporate), outlining the broker's duties to act in the buyer's best interests. The document becomes necessary when buyers require professional assistance in navigating the Malaysian property market, whether for residential, commercial, or investment purposes. It includes essential terms such as service scope, exclusivity provisions, commission structures, and duration, while ensuring compliance with Malaysian real estate regulations and professional standards. The agreement protects both parties' interests by clearly defining responsibilities, compensation terms, and service expectations, serving as a foundational document for the property acquisition process.
Suggested Sections

1. Parties: Identification of the broker and the buyer, including full legal names, registration numbers (for brokers), and addresses

2. Background: Context of the agreement, including the buyer's intention to purchase property and the broker's qualification to provide services

3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Broker Services', 'Commission', etc.

4. Appointment and Duration: Formal appointment of the broker and the term of the agreement, including start and end dates

5. Broker Services: Detailed description of services to be provided by the broker, including property search, negotiations, and advisory services

6. Buyer's Obligations: Responsibilities of the buyer, including providing accurate requirements, cooperating with the broker, and maintaining confidentiality

7. Commission Structure: Details of the broker's compensation, including rate, calculation method, and payment terms

8. Exclusivity: Terms regarding the exclusive nature of the broker's appointment and any restrictions on engaging other brokers

9. Confidentiality: Obligations regarding confidential information shared between parties

10. Termination: Conditions and procedures for ending the agreement, including notice requirements and consequences

11. Governing Law: Specification of Malaysian law as governing law and jurisdiction

Optional Sections

1. Property Requirements: Detailed section specifying buyer's property requirements - used when buyer has specific criteria at the outset

2. Success Fee: Additional compensation structure based on achieving specific targets - used when parties agree to performance-based incentives

3. Multiple Properties: Provisions for handling multiple property purchases - used when buyer intends to purchase more than one property

4. International Considerations: Additional provisions for international buyers or cross-border transactions - used for non-Malaysian buyers

5. Force Majeure: Provisions for unforeseen circumstances - particularly relevant in uncertain market conditions

6. Anti-Money Laundering Compliance: Specific AML obligations and procedures - especially important for high-value transactions or international buyers

Suggested Schedules

1. Schedule 1 - Property Requirements: Detailed specifications of the type, location, and characteristics of properties sought

2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates, payment schedules, and calculation methods

3. Schedule 3 - Broker's Credentials: Copies of broker's licenses, registrations, and professional certifications

4. Schedule 4 - Service Level Agreement: Specific deliverables, timelines, and service standards

5. Appendix A - Required Documents: List of documents required from the buyer for property transactions

6. Appendix B - Compliance Checklist: Checklist of regulatory requirements and necessary approvals for property purchase

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















Clauses


























Relevant Industries

Real Estate

Property Development

Investment Management

Financial Services

Professional Services

Corporate Services

Residential Property

Commercial Property

Industrial Property

Relevant Teams

Legal

Compliance

Real Estate

Property Management

Acquisitions

Investment

Corporate Services

Operations

Risk Management

Relevant Roles

Real Estate Broker

Property Agent

Real Estate Agent

Investment Manager

Property Manager

Legal Counsel

Compliance Officer

Real Estate Director

Acquisition Manager

Property Consultant

Real Estate Investment Manager

Corporate Real Estate Manager

Chief Investment Officer

Real Estate Portfolio Manager

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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