Commercial Listing Agreement Template for Singapore

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Key Requirements PROMPT example:

Commercial Listing Agreement

"Need a Commercial Listing Agreement for my retail space in Singapore's Orchard Road district, with an exclusive 6-month listing period starting January 2025 and a commission structure of 2% for sale transactions."

Document background
The Commercial Listing Agreement is a crucial document in Singapore's commercial real estate sector, used when property owners wish to engage professional real estate services for marketing their commercial properties. It establishes the formal relationship between the property owner and the real estate agency, defining the scope of services, commission structures, and respective obligations. This agreement must comply with Singapore's Estate Agents Act 2010 and CEA guidelines, ensuring professional standards and protecting both parties' interests. It's particularly important for establishing clear terms of engagement, marketing strategies, and commission structures in commercial property transactions.
Suggested Sections

1. Parties: Identification of the property owner and the listing agent/agency

2. Background: Context of the agreement and brief property description

3. Definitions: Key terms used throughout the agreement

4. Appointment and Authority: Scope of agent's authority and nature of appointment (exclusive/non-exclusive)

5. Property Details: Comprehensive description of the property being listed

6. Listing Price: Agreed listing price and price modification terms

7. Commission Structure: Commission rates and payment terms

8. Duration: Term of the listing agreement

9. Obligations of Parties: Responsibilities of both agent and property owner

Optional Sections

1. Marketing Plan: Detailed marketing strategy and activities - used for high-value properties or when specific marketing commitments are required

2. Performance Metrics: Specific targets or KPIs for the agent - used when performance-based terms are included

3. Multiple Agency Provisions: Terms governing multiple agency arrangements - used when property is listed with multiple agencies

Suggested Schedules

1. Property Details Schedule: Detailed property specifications and features

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

3. Marketing Schedule: Detailed marketing plan and budget

4. Property Photos: Official photographs of the property

5. Required Disclosures: Mandatory disclosures required by CEA

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 (Cap. 95A): Primary legislation regulating real estate agencies and agents in Singapore, establishing licensing requirements, registration procedures, and professional conduct standards

Estate Agents (Estate Agency Work) Regulations 2010: Subsidiary legislation prescribing mandatory terms for estate agency agreements and setting requirements for documentation and disclosure

Council for Estate Agencies (CEA) Guidelines: Regulatory guidelines including professional service manual, practice guidelines, and code of ethics for estate agents

Contract Law (Chapter 53): Fundamental law governing contract formation, terms and conditions, and rights and obligations of contracting parties

Personal Data Protection Act 2012 (PDPA): Legislation governing the collection, use, and disclosure of personal data, including consent obligations and data protection requirements

Competition Act (Chapter 50B): Law regulating anti-competitive practices and ensuring fair trading in the market

Consumer Protection (Fair Trading) Act: Legislation protecting consumer rights and preventing unfair practices in trading

Misrepresentation Act (Chapter 390): Law governing false or misleading statements in contracts and providing remedies for misrepresentation

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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