Document background
The Broker Fee Agreement is a crucial document used in Singapore to formalize the professional relationship between brokers and their clients. This agreement outlines the scope of brokerage services, fee structures, and mutual obligations while ensuring compliance with Singapore's regulatory framework, including the Estate Agents Act and relevant CEA guidelines. The document is particularly important for protecting both parties' interests by clearly defining commission rates, payment terms, and service expectations, while incorporating necessary safeguards required under Singapore law.
