Buyer Representation Agreement Template for Singapore

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Key Requirements PROMPT example:

Buyer Representation Agreement

"Need a Buyer Representation Agreement for a first-time property buyer in Singapore, with exclusivity period of 6 months starting from March 2025, including specific requirements for landed properties in District 10 with a budget of SGD 5-7 million."

Document background

The Buyer Representation Agreement is a critical document in Singapore's real estate transactions, designed to protect both buyers and agents in property dealings. This agreement is essential when a buyer wishes to engage a licensed real estate professional to assist in property search and acquisition. The document, regulated under Singapore's Estate Agents Act and CEA guidelines, typically includes detailed service scope, commission structures, duration of representation, and obligations of both parties. It serves as a fundamental tool in establishing clear expectations and professional boundaries while ensuring compliance with Singapore's property transaction regulations.

Suggested Sections

1. Parties: Identification of the buyer and the real estate agent/agency

2. Background: Context of the agreement and general purpose

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope of Services: Details of the agent's appointment and services to be provided

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

6. Agent's Obligations: Duties and responsibilities of the agent

7. Client's Obligations: Duties and responsibilities of the buyer

8. Commission Structure: Details of fees, commission rates, and payment terms

9. Termination: Conditions and process for ending the agreement

Optional Sections

1. Exclusivity Clause: Terms of exclusive representation, used when the agent requires exclusive rights to represent the buyer

2. Confidentiality: Terms regarding confidential information handling, used when sensitive information will be shared

3. Dispute Resolution: Process for handling disagreements, used when specific dispute resolution mechanisms are preferred

4. Force Majeure: Provisions for unforeseen circumstances, used when additional protection against extraordinary events is needed

Suggested Schedules

1. Schedule of Services: Detailed list of services to be provided by the agent

2. Commission Schedule: Detailed breakdown of commission structures and scenarios

3. Property Requirements: Specific criteria for properties the buyer is interested in

4. Agency Disclosure Form: Standard CEA-required disclosure form

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
Investment
Commercial Real Estate

Relevant Teams

Real Estate Operations
Legal
Compliance
Client Services
Documentation

Relevant Roles

Real Estate Agent
Property Consultant
Real Estate Manager
Compliance Officer
Legal Counsel

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Let's create your Buyer Representation Agreement

Authors

Alex Denne

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