Agreement Between Broker And Owner

Agreement Between Broker And Owner Template for Singapore

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Key Requirements PROMPT example:

"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."

Document background

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.

Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Property Development
Commercial Property
Residential Property

Relevant Teams

Real Estate Sales
Legal
Compliance
Business Development
Property Management

Relevant Roles

Real Estate Agent
Property Manager
Sales Director
Business Development Manager
Compliance Officer

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Let's create your Agreement Between Broker And Owner

Authors

Alex Denne

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