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The Real Estate Agent Agreement is a crucial document in Malaysian property transactions that formalizes the relationship between property owners and licensed real estate agents. It is essential for any property sale, purchase, or lease transaction where professional real estate services are required. The agreement ensures compliance with Malaysian real estate regulations, particularly the Valuers, Appraisers, Estate Agents and Property Managers Act 1981, and provides protection for both the principal and the agent. It typically includes detailed terms about commission structures, marketing strategies, service scope, and obligations of both parties. This document is particularly important in Malaysia's dynamic property market, where clear definition of roles and responsibilities helps prevent disputes and ensures smooth property transactions.

1. Parties: Identification of the Principal (property owner/seller) and the Real Estate Agent, including license numbers and registration details as required by Malaysian law

2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into an agency relationship

3. Definitions: Key terms used throughout the agreement, including technical real estate terms and Malaysian legal terminology

4. Appointment and Scope of Services: Formal appointment of the agent and detailed description of services to be provided, including marketing, viewings, and negotiation

5. Term of Agreement: Duration of the agency agreement, including start date and end date or termination conditions

6. Agent's Obligations: Detailed responsibilities of the agent, including compliance with Malaysian real estate regulations and professional standards

7. Principal's Obligations: Responsibilities of the property owner, including providing accurate information and necessary documentation

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission eligibility

9. Marketing and Advertising: Agreed marketing strategy and advertising methods to be employed by the agent

10. Confidentiality: Obligations regarding confidential information and data protection

11. Termination: Conditions and procedures for terminating the agreement by either party

12. Governing Law: Specification of Malaysian law as governing law and jurisdiction for disputes