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Real Estate Agent Contract With Broker
"I need a Real Estate Agent Contract with Broker for my Kuala Lumpur agency that includes a 70-30 commission split, focuses on luxury residential properties, and incorporates a digital marketing requirement for all listings."
1. Parties: Identification of the broker and real estate agent, including license numbers and business addresses
2. Background: Context of the agreement, including the broker's business nature and agent's qualifications
3. Definitions: Key terms used throughout the agreement, including regulatory terms specific to Malaysian real estate practice
4. Appointment and Scope: Terms of the agent's appointment and authorized activities under the broker's supervision
5. License and Compliance: Requirements for maintaining necessary licenses and compliance with Malaysian real estate regulations
6. Commission Structure: Detailed breakdown of commission splits, payment terms, and conditions for earning commissions
7. Duties and Responsibilities: Specific obligations of both broker and agent, including supervision and reporting requirements
8. Professional Standards: Required adherence to BOVAEA standards and the Malaysian Code of Ethics for Estate Agents
9. Marketing and Branding: Guidelines for using the broker's brand and marketing materials
10. Confidentiality: Protection of confidential information and trade secrets
11. Term and Termination: Duration of the agreement and conditions for termination
12. Post-Termination Obligations: Responsibilities and restrictions after contract termination
13. Dispute Resolution: Process for resolving disagreements under Malaysian law
14. General Provisions: Standard clauses including governing law, amendments, and notices
1. Training and Support: Details of training programs and support services provided by the broker, included when the broker offers comprehensive agent development programs
2. Exclusive Territory: Geographic area restrictions or assignments, used when agents are given exclusive operating areas
3. Performance Targets: Specific sales or listing goals, included when the agreement includes performance-based incentives
4. Office Facilities: Terms for using broker's office facilities and equipment, included when physical office access is provided
5. Team Operations: Rules for operating within or leading a team, included when the agent works with or manages other agents
6. Insurance Requirements: Specific insurance coverage requirements, included when broker requires additional coverage beyond standard requirements
7. Digital Platform Usage: Terms for using broker's digital tools and platforms, included when specific technology is provided
1. Schedule A - Commission Structure: Detailed commission splits, bonus structures, and payment schedules
2. Schedule B - Approved Marketing Materials: Templates and guidelines for marketing materials and brand usage
3. Schedule C - Office Procedures Manual: Standard operating procedures and administrative requirements
4. Schedule D - Technology Systems Access: List of provided technology tools and access credentials
5. Schedule E - Territory Map: Geographical area definitions if applicable
6. Appendix 1 - Required Forms: Standard forms required for transactions and reporting
7. Appendix 2 - Compliance Checklist: Regulatory compliance requirements and checklist
Authors
Agent
Broker
BOVAEA
Commission
Confidential Information
Effective Date
Estate Agency Practice
Gross Commission
License
Listed Property
Marketing Materials
Net Commission
Operating Territory
Professional Standards
Property Transaction
Real Estate Services
Registration Certificate
Regulatory Requirements
Sales Documentation
Term
Transaction Fee
Working Day
Scope of Authority
Licensing Requirements
Commission Structure
Payment Terms
Professional Obligations
Regulatory Compliance
Training Requirements
Marketing Rights
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Insurance
Indemnification
Term and Renewal
Termination
Post-Termination Obligations
Record Keeping
Dispute Resolution
Governing Law
Assignment
Force Majeure
Notices
Entire Agreement
Severability
Amendments
Waiver
Real Estate
Property Development
Commercial Property
Residential Property
Property Management
Real Estate Investment
Property Consultancy
Real Estate Education and Training
Legal
Compliance
Human Resources
Operations
Training and Development
Business Development
Property Management
Agency Operations
Broker Support
Administrative Support
Real Estate Broker
Real Estate Agent
Property Consultant
Real Estate Agency Director
Compliance Officer
Legal Counsel
Human Resources Manager
Operations Manager
Training Manager
Business Development Manager
Agency Principal
Branch Manager
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