Builder Broker Agreement

Builder Broker Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Builder Broker Agreement for my Singapore-based property development company that will grant exclusive rights to a single broker for marketing our new luxury condominium project launching in March 2025, with a minimum sales target of 50 units in the first six months."

Document background

The Builder Broker Agreement is essential in Singapore's real estate development sector, where it governs the relationship between property developers and real estate brokers. This document is typically used when a builder requires professional marketing and sales services for their development projects. The agreement encompasses commission structures, marketing obligations, compliance requirements under Singapore law, and performance expectations. It ensures both parties understand their roles and responsibilities while adhering to Singapore's regulatory requirements, including those set by the Building and Construction Authority and Council for Estate Agencies.

Suggested Sections

1. Parties: Identifies and defines the Builder and Broker, including registration details and licensing information

2. Background: Explains the context of the agreement and the parties' intentions

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Scope: Details of the broker's appointment and scope of services

5. Term and Termination: Duration of the agreement and termination provisions

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

7. Obligations of the Broker: Broker's duties, responsibilities, and service standards

8. Obligations of the Builder: Builder's responsibilities and commitments

9. Compliance Requirements: Regulatory compliance obligations and industry standards

Optional Sections

1. Marketing Requirements: Specific marketing obligations and standards when the broker is responsible for marketing activities

2. Exclusivity Provisions: Terms of exclusive rights granted to the broker, used when an exclusive arrangement is agreed

3. Performance Targets: Specific sales or performance metrics, included when performance-based conditions are required

4. Training Requirements: Specific training obligations for broker's staff when specialized product knowledge is required

Suggested Schedules

1. Commission Schedule: Detailed breakdown of commission rates and calculation methods

2. Property Schedule: List of properties covered under the agreement

3. Marketing Guidelines: Specific requirements for marketing materials and activities

4. Service Level Agreement: Detailed performance metrics and service standards

5. Compliance Checklist: List of regulatory requirements and compliance obligations

6. Required Forms: Standard forms and documents required for transactions

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 Development
Construction
Real Estate Brokerage
Property Investment

Relevant Teams

Legal
Sales
Business Development
Operations
Compliance

Relevant Roles

Development Director
Real Estate Broker
Construction Manager
Sales Director
Compliance Officer

Industries

Building Control Act (Chapter 29): Primary legislation governing building works, building plans, safety standards, and construction regulations in Singapore

Building and Construction Authority Act: Establishes the BCA and sets out its powers to regulate Singapore's building and construction industry

REDAS Guidelines: Guidelines set by Real Estate Developers' Association of Singapore for property development and transactions

Building Maintenance and Strata Management Act: Regulates the management and maintenance of strata properties and common property

Planning Act: Controls land use and development in Singapore through master planning and zoning regulations

Estate Agents Act (Chapter 95A): Regulates real estate agents and agencies, including licensing requirements and professional conduct

Real Estate Salesperson Regulations: Specific rules governing the conduct and obligations of real estate salespersons

CEA Guidelines: Council for Estate Agencies' guidelines for professional practice and conduct in real estate transactions

Estate Agents (Estate Agency Work) Regulations: Detailed regulations on estate agency work, including duties and responsibilities

Contract Law: Common law principles governing formation and enforcement of contracts in Singapore

Companies Act: Regulates the formation and operation of companies in Singapore

Partnership Act: Governs the formation and operation of partnerships in Singapore

Competition Act: Promotes fair competition and prevents anti-competitive practices in the market

Employment Act: Main labor law governing employment terms and conditions

Workplace Safety and Health Act: Ensures safety and health standards in workplaces, including construction sites

Central Provident Fund Act: Mandates contributions to employees' retirement, healthcare, and housing savings

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and provides remedies

Personal Data Protection Act: Governs the collection, use, and disclosure of personal data

Building Control Regulations: Detailed regulations under the Building Control Act specifying technical requirements

Building Control (Buildability and Productivity) Regulations: Specific regulations promoting efficient building methods and productivity

Construction Industry Payment and Adjudication Act: Facilitates payment for construction work and provides adjudication mechanism for payment disputes

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Let's create your Builder Broker Agreement

Authors

Alex Denne

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