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Master Listing Agreement

Master Listing Agreement Template for Singapore

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Key Requirements PROMPT example:

Master Listing Agreement

"Need a Master Listing Agreement for our Singapore-based real estate agency to manage a portfolio of 15 luxury properties in the Central Region, with exclusive marketing rights and international marketing provisions, to commence from January 2025."

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Document background
The Master Listing Agreement is a foundational document in Singapore's real estate industry, designed to establish a formal relationship between property owners and real estate agencies. This agreement type is particularly relevant when dealing with multiple properties or long-term listing arrangements. It incorporates requirements from the Estate Agents Act 2010 and Council for Estate Agencies (CEA) guidelines, ensuring compliance with Singapore's regulatory framework. The Master Listing Agreement typically covers commission structures, marketing commitments, exclusivity terms, and service standards, providing a comprehensive framework for property listing services.
Suggested Sections

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

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

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of appointment and services to be provided

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

6. Commission Structure: Detailed breakdown of fees and payment terms

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

8. Termination: Conditions for ending the agreement

Optional Sections

1. Exclusivity Clause: Optional terms granting exclusive listing rights to the agent

2. Marketing Plans: Optional detailed marketing strategies and commitments for premium listings

3. International Marketing: Optional terms for overseas marketing efforts, typically for luxury properties

4. Sub-Agency Rights: Optional terms for engaging other agents in property marketing

Suggested Schedules

1. Schedule 1: Property Details: Detailed description of the property(ies) covered under the agreement

2. Schedule 2: Commission Structure: Detailed breakdown of commission rates and calculations

3. Schedule 3: Marketing Plan: Detailed marketing strategy and timeline

4. Appendix A: Required Documentation: List of documents required from property owner

5. Appendix B: Service Level Agreement: Detailed service standards 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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Agency Services
Appointment Period
Authorised Representative
Business Day
Commission
Confidential Information
Council for Estate Agencies
Effective Date
Estate Agency Work
Exclusive Period
Force Majeure Event
Intellectual Property Rights
Listing
Listing Period
Marketing Materials
Marketing Plan
Net Purchase Price
Property
Property Information
Property Owner
Purchase Price
Real Estate Agency
Sales Documentation
Service Fee
Sub-Agent
Successful Transaction
Term
Territory
Transaction Documents
Clauses
Appointment and Authority
Scope of Services
Term and Duration
Commission Structure
Payment Terms
Exclusivity
Marketing Obligations
Property Owner Obligations
Agency Obligations
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Liability and Indemnification
Insurance
Force Majeure
Termination
Assignment and Sub-contracting
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Third Party Rights
Anti-Money Laundering Compliance
Non-Solicitation
Record Keeping
Industries

Estate Agents Act 2010: Primary legislation governing real estate agencies and agents in Singapore, establishing requirements for professional conduct and defining obligations and responsibilities of estate agents

Estate Agents (Estate Agency Work) Regulations 2010: Subsidiary legislation that prescribes specific requirements for property listings and details commission structures and fee guidelines

Real Estate Developers (Control and Licensing) Act: Legislation relevant for new property developments and regulating developer-agent relationships

Personal Data Protection Act (PDPA): Framework governing the collection, use, and storage of personal data in business operations, including real estate transactions

CEA Guidelines: Regulatory guidelines issued by the Council for Estate Agencies covering professional service standards, ethics requirements, and marketing guidelines

Competition Act: Legislation affecting exclusivity clauses and pricing arrangements in real estate agreements

Singapore Contract Law: Common law principles governing formation and enforcement of contracts in Singapore

Singapore Property Law: Legal framework governing real estate ownership, transfers, and related rights in Singapore

Anti-Money Laundering Regulations: Regulations requiring due diligence and reporting for real estate transactions to prevent money laundering

Fair Trading Act: Legislation protecting consumers against unfair practices in real estate transactions

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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