The Exclusive Agency Listing Agreement is a crucial document in Singapore's real estate industry, designed to establish a dedicated relationship between property owners and real estate agencies. It provides agencies with the exclusive mandate to market and sell properties, ensuring focused effort and preventing multiple-agency conflicts. The agreement must comply with Singapore's Estate Agents Act 2010 and CEA guidelines, making it essential for professional property transactions. It typically includes detailed terms about marketing strategies, commission structures, service scope, and obligations of both parties, providing clarity and protection for all involved parties.
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1. Parties: Identification of the property owner and the appointed real estate agency
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of exclusive appointment and scope of services
5. Duration: Period of exclusive listing
6. Commission Structure: Agreed commission rates and payment terms
7. Agent's Obligations: Duties and responsibilities of the agent
8. Client's Obligations: Responsibilities and commitments of the property owner
9. Termination: Conditions for early termination
1. Marketing Plan: Detailed marketing strategy and activities for high-value properties requiring specific marketing efforts
2. Performance Metrics: Specific targets or KPIs for the agent when performance-based terms are agreed
3. International Marketing: Provisions for overseas marketing for luxury properties with international appeal
1. Property Details Schedule: Detailed description of the property including floor plans and specifications
2. Commission Schedule: Detailed breakdown of commission structures for different scenarios
3. Marketing Schedule: Detailed marketing plan and budget if applicable
4. Required Documentation Checklist: List of documents required from the property owner
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