Buyer Broker Exclusive Agreement

Buyer Broker Exclusive Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Buyer Broker Exclusive Agreement for a high-net-worth client looking to purchase multiple commercial properties in Singapore, with a 12-month exclusivity period starting January 2025 and specific provisions for cross-border transactions."

Document background

The Buyer Broker Exclusive Agreement is essential in Singapore's real estate market when a buyer wishes to engage a broker's services exclusively for property acquisition. This document, regulated under Singapore's Estate Agents Act 2010, provides protection for both parties by clearly defining the terms of engagement, scope of services, and compensation structure. It ensures the broker's commitment to the buyer's interests while guaranteeing their right to commission for successful transactions. The agreement typically includes specific property requirements, search criteria, and the duration of exclusive representation, making it particularly valuable in competitive property markets where dedicated representation is crucial.

Suggested Sections

1. Parties: Identification of the buyer and broker, including full legal names and addresses

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of broker appointment and scope of services

5. Exclusivity: Terms of exclusive representation

6. Duration: Term of the agreement including start and end dates

7. Broker Compensation: Commission structure and payment terms

8. Parties' Obligations: Duties and responsibilities of both broker and buyer

9. Termination: Conditions and process for ending the agreement

Optional Sections

1. Property Requirements: Specific criteria for property search, used when buyer has detailed requirements

2. Additional Services: Additional services provided by broker beyond standard scope

3. Holdover Period: Period after agreement termination where commission may still be due

Suggested Schedules

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

2. Schedule 2: Property Requirements: Detailed specification of property requirements if applicable

3. Appendix A: Broker's License: Copy of broker's current license and credentials

4. Appendix B: CEA Prescribed Estate Agency Agreement: Standard form agreement as required by CEA

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
Property Investment
Commercial Real Estate

Relevant Teams

Real Estate
Legal
Compliance
Operations
Business Development

Relevant Roles

Real Estate Agent
Property Manager
Real Estate Director
Compliance Officer
Legal Counsel

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Let's create your Buyer Broker Exclusive Agreement

Authors

Alex Denne

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