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Agreement Between Broker And Owner Template for Singapore

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Key Requirements PROMPT example:

Agreement Between Broker And Owner

"I need an Agreement Between Broker And Owner for my luxury condominium in Singapore's Orchard Road area, with exclusive marketing rights and international marketing provisions, to be effective from March 2025 for a 12-month period."

What is a Agreement Between Broker And Owner?

The Agreement Between Broker And Owner is a crucial document in Singapore's real estate industry, establishing the framework for professional property marketing and sales services. This agreement is particularly important given Singapore's highly regulated real estate sector, where brokers must comply with the Estate Agents Act and CEA guidelines. It is typically used when property owners wish to engage professional representation for selling or leasing their property, requiring clear definition of scope, authority, commission structures, and obligations. The agreement provides legal protection for both parties while ensuring compliance with Singapore's property market regulations.

What sections should be included in a Agreement Between Broker And Owner?

1. Parties: Identification of the broker and property owner with full legal names and addresses

2. Background: Context of the agreement and brief description of the property

3. Definitions: Key terms used throughout the agreement

4. Appointment and Authority: Scope of broker's appointment and extent of authority

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

6. Broker's Obligations: Detailed responsibilities and duties of the broker

7. Owner's Obligations: Responsibilities and commitments of the property owner

8. Commission Structure: Details of fees, commission rates, and payment terms

9. Termination: Conditions and process for ending the agreement

What sections are optional to include in a Agreement Between Broker And Owner?

1. Marketing Plan: Specific marketing strategies and commitments for exclusive listings or high-value properties

2. Performance Metrics: Specific targets or KPIs for the broker, typically used for professional or institutional owners

3. Multiple Property Provisions: Terms for handling multiple properties when agreement covers more than one property

4. International Marketing: Terms for international marketing efforts, typically for luxury properties or those targeting international buyers

What schedules should be included in a Agreement Between Broker And Owner?

1. Property Details Schedule: Detailed description of the property including address, size, and specifications

2. Commission Rate Schedule: Detailed breakdown of commission structures for different transaction types

3. Marketing Plan Schedule: Detailed marketing strategy and timeline

4. Property Documentation Checklist: List of required property documents and their status

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































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Industries

Estate Agents Act 2010 (Chapter 95A): Primary legislation that regulates real estate agencies and agents in Singapore, establishing licensing requirements and defining duties and responsibilities of property agents

Estate Agents (Estate Agency Work) Regulations 2010: Subsidiary legislation detailing specific requirements for estate agency work, including prescribed forms, procedures, and commission structures

Council for Estate Agencies (CEA) Guidelines: Regulatory guidelines covering professional service standards, Code of Ethics and Professional Client Care, and practice guidelines and circulars

Personal Data Protection Act 2012 (PDPA): Legislation governing the collection, use, and disclosure of personal data, including consent obligations and data protection requirements

Contract Law (Chapter 53): Fundamental legislation covering contract formation principles, terms and conditions, and rights and obligations of contracting parties

Competition Act (Chapter 50B): Legislation ensuring fair competition practices and preventing anti-competitive agreements in the market

Civil Law Act (Chapter 43): Legislation establishing general principles of civil law and contract enforcement in Singapore

Consumer Protection (Fair Trading) Act: Legislation providing protection against unfair trading practices and establishing fair trading provisions for consumers

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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