Non Exclusive Buyer Agency Agreement Template for Singapore

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Key Requirements PROMPT example:

Non Exclusive Buyer Agency Agreement

"I need a Non Exclusive Buyer Agency Agreement for a Singapore property search starting March 2025, with specific provisions for multiple property viewings and a commission structure that only applies if a purchase is completed within 6 months."

Document background

The Non Exclusive Buyer Agency Agreement is commonly used in Singapore's real estate market when a buyer wishes to engage a property agent's services while maintaining the flexibility to work with other agents. This document, regulated by the Council for Estate Agencies (CEA), defines the scope of services, commission structure, and obligations of both parties. It provides legal protection while ensuring compliance with Singapore's Estate Agents Act and related regulations. The agreement is particularly useful for buyers who want to maximize their property search options without being bound to a single agent.

Suggested Sections

1. Parties: Identification and details of the buyer and agent

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

3. Definitions: Key terms used throughout the agreement

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

5. Non-Exclusive Nature: Clear statement of non-exclusive relationship

6. Commission Structure: Payment terms and conditions

7. Duration: Term of agreement and renewal provisions

8. Obligations of Agent: Agent's duties and responsibilities

9. Obligations of Buyer: Buyer's duties and responsibilities

10. Termination: Conditions and process for ending the agreement

Optional Sections

1. Overseas Property Provisions: Additional terms for international property purchases when buyer is interested in overseas properties

2. Multiple Property Search: Terms for searching multiple properties simultaneously when buyer wants to purchase multiple properties

3. Special Requirements: Specific buyer requirements or preferences when buyer has particular property requirements

Suggested Schedules

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

2. Schedule 2: Property Requirements: Detailed specifications of desired property

3. Appendix A: CEA Prescribed Form: Mandatory form as required by Council for Estate Agencies

4. Appendix B: Agent's Credentials: Agent's license and certification details

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

Relevant Teams

Real Estate
Legal
Compliance
Sales
Operations

Relevant Roles

Real Estate Agent
Property Manager
Investment Manager
Real Estate Director
Compliance Officer

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Let's create your Non Exclusive Buyer Agency Agreement

Authors

Alex Denne

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