The Buyer Realtor Agreement serves as a fundamental contract in Singapore's real estate transactions, establishing the terms of engagement between property buyers and their chosen real estate professionals. This document is essential when a buyer seeks professional representation in property searches, negotiations, and acquisitions. The agreement ensures compliance with Singapore's Estate Agents Act and CEA guidelines, protecting both parties' interests while clearly defining the scope of services, commission structures, and professional obligations. It's particularly important in Singapore's highly regulated real estate market, where clear documentation of the agent-client relationship is required.
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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
Relevant legal definitions
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