Document background
The Commission Agreement Between Brokers serves as a crucial document in Singapore's real estate industry, establishing clear parameters for collaboration between licensed real estate professionals. This agreement is particularly important when multiple brokers are involved in property transactions, requiring careful attention to commission splitting arrangements and compliance with Singapore's Estate Agents Act 2010 and CEA guidelines. It defines the scope of cooperation, commission structures, and mutual obligations while protecting the interests of all parties involved. The agreement becomes essential in scenarios involving co-broking arrangements, referrals, or collaborative property transactions.
