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Real Estate Consulting Agreement for Singapore

Real Estate Consulting Agreement Template for Singapore

A comprehensive legal agreement governed by Singapore law that establishes the terms and conditions for professional real estate consulting services. The document complies with the Estate Agents Act 2010 and CEA regulations, outlining the scope of services, fees, obligations, and professional standards for real estate consulting engagements in Singapore's property market.

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What is a Real Estate Consulting Agreement?

The Real Estate Consulting Agreement is essential for formalizing professional relationships in Singapore's property market. This document, governed by Singapore law and regulated under the Estate Agents Act 2010, defines the scope of consulting services, professional obligations, fee structures, and compliance requirements. It's particularly important for protecting both consultants' and clients' interests while ensuring adherence to CEA guidelines. The agreement typically covers various aspects of real estate consulting, from market analysis to investment advisory services, and is designed to meet Singapore's strict regulatory requirements for real estate professionals.

What sections should be included in a Real Estate Consulting Agreement?

1. Parties: Identification of the consultant and client, including registration details and addresses

2. Background: Context of the agreement and brief description of the consulting services to be provided

3. Definitions: Key terms used throughout the agreement, including specific real estate terminology

4. Scope of Services: Detailed description of consulting services to be provided

5. Term and Termination: Duration of agreement and conditions for termination

6. Fees and Payment Terms: Consulting fees, payment schedule, and related terms

7. Obligations of the Consultant: Professional duties, compliance with CEA regulations, and service standards

8. Obligations of the Client: Client responsibilities and cooperation requirements

9. Confidentiality: Protection of confidential information and trade secrets

10. Governing Law: Singapore law governance and jurisdiction clause

What sections are optional to include in a Real Estate Consulting Agreement?

1. Insurance: Professional indemnity insurance requirements - recommended for high-value consulting services or when required by client

2. Non-Competition: Restrictions on competing activities - useful when protecting market position or client relationships

3. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term commitments

4. Assignment: Rights to transfer obligations - important when either party might need to transfer rights

What schedules should be included in a Real Estate Consulting Agreement?

1. Schedule of Services: Detailed breakdown of consulting services and deliverables

2. Fee Schedule: Detailed breakdown of fees and payment structure

3. Service Level Agreement: Performance metrics and service standards

4. Compliance Checklist: CEA compliance requirements and documentation

Authors

Alex Denne

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

Jurisdiction

Singapore

Publisher

Ƶ

Cost

Free to use

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