Broker To Broker Referral Form Generator for Singapore

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Key Requirements PROMPT example:

Broker To Broker Referral Form

"Need a Broker To Broker Referral Form for a high-value commercial property referral arrangement in Singapore, with an exclusive arrangement clause and a 60/40 commission split, to be effective from March 2025."

Document background
The Broker To Broker Referral Form is a essential document in Singapore's real estate industry, designed to facilitate professional collaboration while maintaining compliance with local regulations. It's used when one broker wishes to refer a client to another broker, typically due to specialization, geographical location, or specific expertise requirements. The document ensures clear documentation of commission sharing arrangements, defines responsibilities, and maintains compliance with the Estate Agents Act and CEA guidelines. It includes crucial elements such as broker identification, client information, fee structures, and data protection protocols.
Suggested Sections

1. Referring and Receiving Broker Details: Complete contact information and license numbers of both parties

2. Client Information: Details of the referred client, including contact information and service requirements

3. Referral Fee Structure: Clear outline of the agreed commission split or referral fee arrangement

4. Term and Duration: Period for which the referral agreement remains valid

5. Confidentiality Obligations: Requirements for handling client information and maintaining confidentiality

Optional Sections

1. Exclusivity Clause: Optional clause specifying whether the referral arrangement is exclusive between the parties. Used for high-value or specialized referral arrangements

2. Performance Standards: Optional section detailing specific service levels or standards to be maintained. Used for complex transactions or when dealing with premium clients

3. Dispute Resolution: Optional procedures for resolving disagreements. Used for high-value referral arrangements or cross-border transactions

Suggested Schedules

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

2. Service Level Agreement: Detailed description of service standards and expectations

3. Data Protection Protocol: Specific procedures for handling personal data in compliance with PDPA

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

Industries

Estate Agents Act 2010: Primary legislation governing real estate agents/brokers in Singapore that regulates licensing requirements, professional conduct, and sets out the framework for commission sharing and referral fees

Council for Estate Agencies (CEA) Guidelines: Regulatory guidelines including Professional Service Manual and Practice Guidelines for Estate Agents and Salespersons, with specific focus on co-broking arrangements and referral fees

Personal Data Protection Act 2012 (PDPA): Legislation governing the collection, use, and disclosure of personal data, including consent requirements for data sharing between brokers

AML/CFT Requirements: Prevention of Money Laundering and Countering the Financing of Terrorism requirements including due diligence obligations, suspicious transaction reporting, and Know Your Client (KYC) requirements

Competition Act (Chapter 50B): Legislation ensuring fair competition practices and preventing anti-competitive arrangements between brokers in the real estate market

Contract Law: Common Law principles governing formation of valid contracts, terms and conditions, and rights and obligations of parties in broker-to-broker arrangements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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