Broker Referral Agreement Template for Singapore

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Key Requirements PROMPT example:

Broker Referral Agreement

"I need a Broker Referral Agreement for my Singapore real estate agency to establish a referral partnership with a London-based property broker, with a commission structure of 25% for international client referrals starting March 2025."

Document background

The Broker Referral Agreement is essential for formalizing referral arrangements between brokers in Singapore's regulated environment. This document is particularly important when brokers wish to establish ongoing referral relationships while ensuring compliance with Singapore's Estate Agents Act and CEA guidelines. The agreement covers crucial aspects such as commission sharing, confidentiality, data protection, and professional obligations. It provides a clear framework for managing referrals while protecting both parties' interests and ensuring regulatory compliance.

Suggested Sections

1. Parties: Identification and details of the referring and receiving brokers

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement including 'Referral', 'Commission', 'Territory'

4. Scope of Services: Details of referral services and obligations between the parties

5. Commission Structure: Payment terms, commission calculations, and payment timing

6. Confidentiality: Confidentiality obligations and restrictions on information sharing

7. Term and Termination: Duration of agreement and circumstances for termination

8. Governing Law: Specification of Singapore law as governing law and jurisdiction

Optional Sections

1. Non-Compete: Restrictions on competitive activities within specified markets or territories

2. Insurance: Requirements for professional indemnity and other relevant insurance coverage

3. Marketing Requirements: Specific marketing obligations and restrictions for referral activities

4. Training Requirements: Training obligations and standards for handling referrals

Suggested Schedules

1. Commission Schedule: Detailed breakdown of commission calculations and payment scenarios

2. Referral Process: Detailed step-by-step process for handling and managing referrals

3. Contact Details: Key contact information and escalation matrix for both parties

4. Service Level Agreement: Specific service standards, response times, and performance metrics

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
Financial Services
Insurance
Business Consulting

Relevant Teams

Business Development
Legal
Compliance
Operations
Finance

Relevant Roles

Real Estate Broker
Business Development Manager
Agency Director
Compliance Officer
Partnership Manager

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Broker Referral Agreement

Authors

Alex Denne

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