An Addendum To Listing Agreement is utilized when parties need to modify terms of an existing property listing arrangement in Singapore. This document is essential when circumstances require changes to the original agreement, such as extending the listing period, adjusting commission structures, or updating property details. The addendum must comply with Singapore's Estate Agents Act, CEA guidelines, and relevant property laws. It serves as a formal amendment that maintains the legal integrity of the original agreement while incorporating necessary changes.
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Key Requirements PROMPT example:
Addendum To Listing Agreement
"I need an Addendum To Listing Agreement to extend the listing period for my Singapore condominium by six months from January 2025, and to increase the commission rate from 2% to 2.5% to reflect current market conditions."
1. Parties: Identification of the parties to the addendum including the agent and property owner
2. Background: Reference to original listing agreement and reason for addendum
3. Definitions: Key terms used in the addendum
4. Amendments to Original Agreement: Specific changes being made to the original listing agreement
5. Effect on Original Agreement: Statement confirming all other terms remain in force
6. Execution: Signature blocks and execution details
1. Marketing Modifications: Changes to marketing strategy or permissions - use when modifying marketing approach or permissions
2. Commission Structure Amendments: Changes to commission rates or payment terms - use when modifying financial terms
3. Extended Duration: Changes to the listing period - use when extending or modifying the listing timeline
4. Property Details Update: Changes to property description or features - use when updating property information
1. Updated Property Photos: New or modified property photographs
2. Revised Marketing Materials: Updated marketing collateral or strategy documents
3. Modified Commission Schedule: Updated commission structure details
4. Original Listing Agreement: Copy of the original agreement being modified
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