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A Buyer Representation Agreement is a formal contract between you and a real estate agent in Malaysia, making them your exclusive representative when purchasing property. This legal commitment gives your agent the authority to search, negotiate, and handle property transactions on your behalf while protecting both parties' interests.

Under Malaysian real estate practice, this agreement spells out important details like the agent's duties, your obligations as a buyer, the agreed commission rate, and how long the partnership will last. It also ensures your agent follows the Board of Valuers, Appraisers, Estate Agents and Property Managers' professional standards while giving you dedicated service in your property search.

Sign a Buyer Representation Agreement when you're ready to seriously search for property in Malaysia and want dedicated professional help. This agreement becomes essential before your agent starts showing you properties, making inquiries, or negotiating with sellers on your behalf.

The timing matters most when dealing with high-value properties, complex transactions, or competitive market conditions where quick decisions are needed. Malaysian real estate practices make this agreement particularly valuable in major cities like Kuala Lumpur and Penang, where property moves fast and having an agent's undivided attention can give you an edge in securing your ideal property.

• Exclusive Buyer Agency Agreement: Gives one agent sole rights to represent you for a set period, typically offering the strongest commitment and service level
• Non-Exclusive Agreement: Allows you to work with multiple agents but only pay commission to the one who helps you buy
• Limited Service Agreement: Defines specific tasks the agent will handle, like property viewings or negotiations only
• Transaction-Specific Agreement: Covers representation for purchasing one particular property rather than a general property search

• Property Buyers: Sign the agreement to secure dedicated representation during their property search and purchase process
• Real Estate Agents: Draft and execute these agreements to establish their professional relationship with buyers and outline their services
• Real Estate Agencies: Provide standardized agreement templates and oversee their agents' compliance with Malaysian real estate regulations
• Property Lawyers: Review agreements to ensure legal compliance and protect their clients' interests during the representation period
• BOVAEA Board: Regulates and enforces professional standards for real estate agreements in Malaysia

• Property Details: Gather your preferred property type, location preferences, and budget range
• Agent Information: Collect the agent's registration number, agency details, and professional credentials from BOVAEA
• Service Scope: Define specific services needed, from property search to negotiation support
• Commission Structure: Document the agreed commission rate and payment terms
• Duration Terms: Specify the agreement's start date and length, typically 3-6 months
• Termination Clauses: Include conditions for ending the agreement early
• Special Requirements: Note any specific preferences or conditions for property viewing or communication

• Party Details: Full legal names, addresses, and registration numbers of both buyer and agent
• Scope of Service: Clear description of agent's duties and buyer's expectations
• Exclusivity Terms: Statement of exclusive or non-exclusive representation rights
• Duration Clause: Specific start and end dates of the agreement
• Commission Structure: Detailed breakdown of fees, payment terms, and conditions
• Termination Rights: Conditions and process for ending the agreement
• Governing Law: Reference to Malaysian real estate laws and BOVAEA regulations
• Signatures: Dated signatures of all parties with witness attestation

A Buyer Representation Agreement differs significantly from an Agency Agreement in several key aspects, though both involve professional representation in Malaysia. While a Buyer Representation Agreement specifically focuses on property purchases, an Agency Agreement covers a broader range of business relationships and services.

• Scope of Services: Buyer Representation Agreements exclusively cover property purchase activities, while Agency Agreements can encompass various business activities like sales, marketing, or distribution
• Duration: Buyer agreements typically last 3-6 months for a specific property search, whereas Agency Agreements often establish longer-term business relationships
• Regulatory Framework: Buyer agreements must comply with BOVAEA regulations and real estate laws, while Agency Agreements follow general contract law and industry-specific regulations
• Commission Structure: Buyer agreements usually specify a percentage of the property purchase price, while Agency Agreements may involve various compensation models