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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."
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
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
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
Real Estate
Property Development
Commercial Property
Residential Property
Industrial Property
Retail Property
Property Management
Professional Services
Legal Services
Legal
Compliance
Real Estate Operations
Property Sales
Marketing
Business Development
Administration
Finance
Risk Management
Customer Relations
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
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