Broker Exclusive Agreement Template for Singapore

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Key Requirements PROMPT example:

Broker Exclusive Agreement

"I need a Broker Exclusive Agreement for my luxury condominium in Singapore's District 10, with a 6-month exclusivity period starting from January 2025, including international marketing rights and a tiered commission structure based on the final sale price."

Document background

The Broker Exclusive Agreement is a crucial document in Singapore's real estate industry, used when property owners wish to engage a single broker or agency for their property transaction. It establishes an exclusive relationship between the property owner and the broker, typically used for high-value properties or when comprehensive marketing efforts are required. The agreement must comply with Singapore's Estate Agents Act 2010 and CEA guidelines, covering essential elements such as commission structures, marketing commitments, and service obligations. This document provides clarity on rights and responsibilities while protecting both parties' interests under Singapore law.

Suggested Sections

1. Parties: Identification of the broker and property owner/seller

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of exclusive appointment and services to be provided

5. Duration: Term of the exclusive agreement including start and end dates

6. Commission Structure: Details of broker's fees and payment terms

7. Obligations of the Broker: Broker's duties and responsibilities

8. Obligations of the Property Owner: Property owner's duties and responsibilities

9. Termination: Conditions for ending the agreement

Optional Sections

1. Marketing Plan: Specific marketing strategies and commitments for property promotion

2. Performance Targets: Specific performance metrics and goals for the broker to achieve

3. International Marketing: Provisions for marketing to international buyers and associated requirements

4. Sub-Agency: Terms and conditions for engaging other agents or sub-brokers

Suggested Schedules

1. Property Details Schedule: Detailed description of the property including title details

2. Commission Schedule: Detailed breakdown of commission structure and calculations

3. Marketing Schedule: Detailed marketing plan and budget if applicable

4. Required Documents Checklist: List of documents required from the property owner

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Property Development
Commercial Property
Residential Property

Relevant Teams

Real Estate
Legal
Sales
Business Development
Compliance
Operations

Relevant Roles

Real Estate Broker
Property Manager
Sales Director
Legal Counsel
Property Owner
Agency Director

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Let's create your Broker Exclusive Agreement

Authors

Alex Denne

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