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Broker Agent Commission Agreement
"Need a Broker Agent Commission Agreement for our Singapore real estate company, appointing an exclusive agent for luxury properties in the Central Region with a tiered commission structure starting from March 2025."
1. Parties: Identifies the broker/agent and the principal company, including registration details and addresses
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement, including 'Commission', 'Territory', 'Services'
4. Appointment and Scope: Terms of appointment and detailed scope of services to be provided
5. Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms
6. Obligations of the Agent: Agent's duties, responsibilities, and compliance requirements under CEA regulations
7. Term and Termination: Duration of agreement and circumstances for termination
8. Compliance with Laws: Commitment to comply with relevant Singapore laws and CEA regulations
1. Non-Compete Clause: Restrictions on working with competitors, used when protecting market share in specific territories
2. Performance Targets: Specific sales or business targets, included for performance-based agreements
3. Training Requirements: Mandatory training and certification requirements, used when specific qualifications are needed
4. Marketing Support: Details of marketing assistance provided, included when marketing support is part of the arrangement
1. Commission Rate Card: Detailed breakdown of commission rates for different products/services
2. Territory Map: Geographical area where agent is authorized to operate
3. Required Qualifications: List of mandatory certifications and qualifications
4. Reporting Templates: Standard forms for activity and performance reporting
5. CEA Guidelines: Relevant excerpts from CEA regulations and guidelines
Authors
Agent
Broker
Business Day
CEA
Commission
Confidential Information
Effective Date
Estate Agency Work
Force Majeure Event
Intellectual Property Rights
Laws
Licensed Estate Agent
Material Breach
Net Commission
Principal
Products
Professional Standards
Property
Registered Salesperson
Regulatory Requirements
Services
Singapore Dollar or SGD
Term
Territory
Transaction
Working Hours
Commission Structure
Payment Terms
Performance Requirements
Territory and Exclusivity
Duties and Obligations
Compliance with Laws
Representations and Warranties
Term and Termination
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Record Keeping
Reporting Requirements
Indemnification
Insurance
Force Majeure
Assignment
Independent Contractor Status
Notices
Dispute Resolution
Governing Law
Data Protection
Amendment and Variation
Entire Agreement
Severability
Professional Standards
Training and Certification
Marketing and Promotion
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