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Buyer Realtor Agreement
"I need a Buyer Realtor Agreement for my Singapore-based agency that includes an exclusivity clause and higher-than-standard commission rates, specifically for luxury properties above SGD 5 million, to be effective from March 2025."
1. Parties: Identification of the buyer and real estate agent/agency
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided by the realtor
5. Duration: Term of the agreement including start and end dates
6. Commission Structure: Details of fees, commission rates, and payment terms
7. Obligations of Parties: Responsibilities of both the buyer and realtor
8. Termination: Conditions and procedures for ending the agreement
1. Exclusivity Clause: Terms of exclusive representation, used when exclusive representation is requested
2. Property Preferences: Specific requirements for property search, used when buyer has specific property criteria
3. Additional Services: Extra services beyond standard scope, used when additional services are requested
4. Dispute Resolution: Specific procedures for handling disputes, used when parties want detailed conflict resolution procedures
1. Schedule A - Commission Structure: Detailed breakdown of commission rates and calculations
2. Schedule B - Property Requirements: Detailed list of buyer's property preferences and requirements
3. Appendix 1 - CEA Prescribed Forms: Standard forms required by Council for Estate Agencies
4. Appendix 2 - Service Scope Details: Detailed description of included and excluded services
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