Estate Agents Act 2010: Primary legislation governing real estate agencies and agents in Singapore. Establishes licensing requirements and permissible fee structures for commission arrangements.
Estate Agents (Estate Agency Work) Regulations 2010: Subsidiary legislation that provides detailed regulations on agent conduct, commission arrangements, and professional requirements.
CEA Guidelines: Professional guidelines issued by Council for Estate Agencies covering service standards, code of ethics, co-broking arrangements, and commission guidelines.
Contract Law (Chapter 53): Foundational legislation governing contract formation, enforceability, and terms and conditions in Singapore.
Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data, including privacy obligations relevant to agent agreements.
Competition Act: Legislation ensuring fair market practices and preventing anti-competitive behavior in business arrangements.
Commission Structure Compliance: Requirements for ensuring commission split arrangements comply with CEA guidelines and industry regulations.
Roles and Responsibilities: Clear definition of each agent's duties, obligations, and scope of work in the commission split arrangement.
Payment Terms: Specific conditions for commission calculations, payment timing, and distribution methods between agents.
Dispute Resolution: Mechanisms and procedures for resolving disagreements between agents regarding commission splits.
Confidentiality Provisions: Terms governing the protection of sensitive information shared between agents during their collaboration.
Term and Termination: Conditions specifying the duration of the agreement and circumstances under which it can be terminated.
