Document background
The Sole Agency Agreement is a crucial document in Singapore's real estate industry, used when a property owner wishes to grant exclusive rights to a single agent or agency for the marketing and transaction of their property. This agreement, governed by Singapore law and CEA regulations, provides clarity on the agent's exclusive authority, prevents multiple agents from marketing the same property, and establishes clear terms for commission and service delivery. It's particularly important for high-value properties or those requiring specialized marketing efforts, and includes specific provisions for commission protection, marketing obligations, and termination conditions.
