The Co-Listing Agent Agreement is essential when two licensed real estate agents in Singapore decide to collaborate on marketing and selling a property. This document is particularly relevant when dealing with high-value properties or those requiring broader market reach. It ensures compliance with Singapore's Estate Agents Act and CEA regulations while clearly defining commission structures, marketing responsibilities, and dispute resolution mechanisms. The agreement protects both agents' interests while maintaining professional standards in accordance with Singapore's real estate industry requirements.
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Key Requirements PROMPT example:
Co Listing Agent Agreement
"I need a Co Listing Agent Agreement for a luxury condominium development in Singapore, where my agency will be the primary agent with 60% commission share, and we need specific clauses about international marketing rights and cross-border transactions."
1. Parties: Details of the listing agents entering into the agreement
2. Background: Context of the co-listing arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and scope of services
5. Commission Structure: Commission rates and sharing arrangement
6. Duties and Responsibilities: Specific obligations of each agent
7. Term and Termination: Duration and termination provisions
8. Confidentiality: Protection of confidential information
1. Marketing Rights: Specific arrangements for marketing and advertising, used when special marketing arrangements are needed
2. Exclusivity: Terms of exclusive rights, if applicable
3. Cross-Border Provisions: Additional terms for international transactions, when relevant
4. Special Commission Arrangements: Used when commission structure differs from standard arrangements
1. Schedule 1 - Property Details: Detailed description of the property being listed
2. Schedule 2 - Commission Structure: Detailed breakdown of commission calculations and sharing
3. Schedule 3 - Marketing Plan: Agreed marketing strategy and responsibilities
4. Appendix A - Required Documentation: List of required documents and forms
5. Appendix B - CEA Guidelines: Relevant excerpts from CEA guidelines
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