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Exclusive Brokerage Contract Generator for Singapore

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Key Requirements PROMPT example:

Exclusive Brokerage Contract

"Need an Exclusive Brokerage Contract for a luxury condominium in Singapore's Orchard Road area, with a 6-month exclusivity period starting January 2025, including specific performance metrics and international marketing provisions."

Document background
The Exclusive Brokerage Contract is essential for establishing clear terms between property owners and real estate agencies in Singapore's competitive property market. This document, regulated under Singapore's Estate Agents Act 2010, provides the framework for exclusive representation rights, defining commission structures, marketing commitments, and service obligations. It protects both parties' interests by clearly outlining responsibilities, timelines, and performance expectations, while ensuring compliance with CEA guidelines and local real estate practices.
Suggested Sections

1. Parties: Identification of broker and property owner/seller

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement including terminology defined in Estate Agents Act

4. Appointment and Scope: Terms of exclusive appointment and services to be provided by the broker

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

6. Commission Structure: Detailed breakdown of fees and payment terms

7. Obligations of Broker: Duties and responsibilities of the broker as per Estate Agents Act and regulations

8. Obligations of Owner: Duties and responsibilities of the property owner

9. Termination: Conditions for ending the agreement and consequences thereof

Optional Sections

1. Marketing Plan: Detailed marketing strategy and activities for the property

2. Performance Metrics: Specific targets and KPIs for the broker's performance

3. Sub-agents: Terms for engaging other agents and their responsibilities

4. International Marketing: Provisions for overseas marketing and international buyer targeting

Suggested Schedules

1. Property Details Schedule: Comprehensive description of the property including legal details

2. Commission Schedule: Detailed breakdown of commission structure and various transaction scenarios

3. Marketing Schedule: Detailed marketing plan, timeline, and budget allocation

4. Property Documentation Checklist: List of required property documents and certificates

5. Service Level Agreement: Detailed service standards, response times, and performance metrics

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































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Industries

Estate Agents Act 2010 (Cap. 95A): Primary legislation governing real estate agencies and agents in Singapore. Establishes the Council for Estate Agencies (CEA), sets out licensing requirements, and defines duties and obligations of estate agents.

Estate Agents (Estate Agency Work) Regulations 2010: Detailed regulations on conducting estate agency work, including prescribed forms and procedures, and specific requirements for exclusive agreements.

Code of Ethics and Professional Client Care: Professional standards framework for estate agents, including guidelines on fair dealings and requirements for transparency in client relationships.

Contract Law (Chapter 53): General contract law principles governing formation and enforcement of contracts, including remedies for breach of contract.

Competition Act (Chapter 50B): Legislation governing exclusive arrangements, anti-competitive practices, and fair competition requirements in business relationships.

Consumer Protection (Fair Trading) Act: Legislation protecting consumer rights, including provisions on unfair practices and cooling-off periods.

Personal Data Protection Act 2012: Framework for handling personal data, including consent requirements and data protection obligations for businesses.

CEA Practice Guidelines and Circulars: Regulatory guidelines and updates issued by the Council for Estate Agencies, including professional service fee guidelines and industry standard practices.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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