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Amendment To Listing Agreement

Amendment To Listing Agreement Template for Malaysia

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Key Requirements PROMPT example:

Amendment To Listing Agreement

"I need an Amendment to Listing Agreement to modify the listing price from RM 2.5 million to RM 2.8 million and adjust the commission rate from 2% to 2.5%, effective March 1, 2025, for my commercial property in Kuala Lumpur."

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Document background
The Amendment To Listing Agreement is a crucial document used in Malaysian real estate transactions when modifications to an existing listing agreement become necessary. This document is typically required when circumstances change after the initial listing agreement is signed, such as adjustments to the property price, commission structure, listing duration, or property details. Governed by Malaysian law, particularly the Contracts Act 1950 and real estate regulations, it ensures that any modifications to the original agreement are properly documented and legally enforceable. The amendment must comply with the requirements set forth by the Board of Valuers, Appraisers, Estate Agents and Property Managers, and typically includes references to the original agreement, specific changes being made, and confirmations of unchanged terms.
Suggested Sections

1. Parties: Identification of the property owner/seller and the real estate agent/agency, including their full legal names, registration numbers, and addresses

2. Background: Reference to the original Listing Agreement, including its date, parties, and purpose, and brief statement of the need for amendment

3. Definitions: Key terms used in the amendment, particularly referencing defined terms from the original agreement and any new terms introduced

4. Amendment Details: Specific modifications to the original agreement, clearly stating which clauses are being amended, deleted, or added

5. Confirmation of Other Terms: Statement confirming that all other terms and conditions of the original agreement remain unchanged and in full force and effect

6. Effective Date: Specification of when the amendments take effect

7. Governing Law: Confirmation that the amendment is governed by Malaysian law

8. Execution: Signature blocks for all parties, including witnesses as required under Malaysian law

Optional Sections

1. Recitals: Additional background information explaining the circumstances necessitating the amendment, used when complex changes need context

2. Representations and Warranties: Additional confirmations by parties regarding their authority to enter into the amendment, used when significant changes are being made

3. Regulatory Compliance: Specific section addressing compliance with updated real estate regulations, used when amendments are driven by regulatory changes

4. Commission Structure Changes: Detailed section for modifications to commission arrangements, used when financial terms are being amended

5. Property Details Update: Section for updating property information, used when the original property details need modification

Suggested Schedules

1. Schedule A - Amended Terms: Detailed listing of specific clauses being amended, showing both original and new text

2. Schedule B - Updated Property Details: If applicable, revised property description, pricing, or other relevant details

3. Schedule C - Revised Commission Structure: If applicable, detailed breakdown of any modified commission arrangements

4. Appendix 1 - Original Listing Agreement: Copy of the original listing agreement being amended

5. Appendix 2 - Supporting Documents: Any relevant supporting documentation such as updated property valuations or regulatory certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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

Property Development

Commercial Property

Residential Property

Property Management

Professional Services

Legal Services

Relevant Teams

Legal

Real Estate

Property Management

Sales

Compliance

Contract Administration

Business Development

Documentation

Relevant Roles

Real Estate Agent

Property Manager

Legal Counsel

Contract Manager

Property Developer

Real Estate Broker

Compliance Officer

Real Estate Director

Property Sales Manager

Legal Administrator

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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