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Co Broker Listing Agreement Template for Malaysia

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Key Requirements PROMPT example:

Co Broker Listing Agreement

"I need a Co Broker Listing Agreement for my Kuala Lumpur-based real estate agency to partner with a local agency in Penang, focusing on residential properties with a standard 50-50 commission split structure, to be effective from March 2025."

Document background
The Co Broker Listing Agreement is essential for real estate agencies in Malaysia seeking to formalize their collaborative relationships in property transactions. This document is typically used when two registered agencies wish to work together to market and sell properties, sharing responsibilities and commissions according to agreed terms. It ensures compliance with Malaysian real estate regulations, particularly the Valuers, Appraisers, Estate Agents and Property Managers Act 1981, while protecting the interests of all parties involved. The agreement covers crucial aspects such as commission structures, marketing responsibilities, confidentiality obligations, and dispute resolution mechanisms, providing a clear framework for professional cooperation in the Malaysian real estate market.
Suggested Sections

1. Parties: Identifies the cooperating real estate agencies/brokers entering into the agreement, including their registration numbers and Board of Valuers, Appraisers and Estate Agents registration details

2. Background: Explains the context of the agreement, including the intention to cooperate in property listings and transactions

3. Definitions: Defines key terms used throughout the agreement, including 'Listed Property', 'Commission', 'Exclusive Listing', 'Co-broking Period' etc.

4. Scope of Cooperation: Outlines the nature and extent of the co-broking relationship and the types of properties covered

5. Term and Termination: Specifies the duration of the co-broking agreement and conditions for termination

6. Commission Structure: Details the commission rates and sharing arrangement between the brokers

7. Responsibilities and Obligations: Lists the duties and obligations of each party in marketing properties and handling transactions

8. Marketing and Advertising: Specifies how properties will be marketed and branded, including use of logos and agency names

9. Confidentiality: Addresses the handling of confidential information and client data

10. Dispute Resolution: Outlines the process for resolving any disputes between the parties

11. Governing Law: Specifies that Malaysian law governs the agreement and jurisdiction for disputes

Optional Sections

1. Exclusive Territories: Defines geographical areas of operation when brokers agree to territorial exclusivity

2. Digital Marketing Rights: Specific terms for online marketing and social media promotion when digital presence is significant

3. Training and Support: Include when one broker will provide training or systems support to the other

4. Professional Indemnity: Additional insurance requirements beyond standard coverage

5. International Property Listings: Special terms for handling international properties when applicable

6. Referral Program: Details of any referral bonus system between the brokers

Suggested Schedules

1. Schedule A - Commission Structure: Detailed breakdown of commission rates for different property types and transaction values

2. Schedule B - Marketing Guidelines: Specific guidelines for co-branded marketing materials and advertising standards

3. Schedule C - Property Types: List of property types covered under the agreement with any specific terms

4. Schedule D - Standard Operating Procedures: Detailed procedures for handling listings, viewings, and closings

5. Appendix 1 - Contact Information: Key contact persons and their details from both brokerage firms

6. Appendix 2 - Required Documentation: List of standard forms and documents to be used in co-broking transactions

Authors

Alex Denne

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

Commercial Property

Residential Property

Industrial Property

Retail Property

Property Management

Professional Services

Legal Services

Relevant Teams

Legal

Compliance

Real Estate Operations

Property Sales

Marketing

Business Development

Administration

Finance

Risk Management

Customer Relations

Relevant Roles

Real Estate Agency Principal

Licensed Real Estate Agent

Property Manager

Real Estate Broker

Estate Agency Director

Business Development Manager

Sales Director

Compliance Officer

Legal Counsel

Operations Manager

Marketing Manager

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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