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Non Exclusive Listing Agreement Template for Singapore

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Key Requirements PROMPT example:

Non Exclusive Listing Agreement

"I need a Non Exclusive Listing Agreement for my three-bedroom condo in Singapore's East Coast area, which I want to list from January 2025, with a commission rate of 1% and the ability to list with multiple agencies while maintaining the right to sell directly."

Document background
The Non-Exclusive Listing Agreement is commonly used in Singapore's real estate market when property owners wish to maximize their property's exposure through multiple channels. This document, regulated under Singapore's Estate Agents Act and CEA guidelines, establishes the terms under which a real estate agency can market and sell a property while preserving the owner's right to engage other agencies or conduct direct sales. The agreement typically includes commission structures, marketing commitments, property details, and the duration of the listing arrangement, while ensuring compliance with Singapore's property transaction regulations.
Suggested Sections

1. Parties: Identification of the property owner and the estate agent/agency

2. Background: Context of the listing arrangement and property details

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of agent appointment and services to be provided

5. Property Details: Specific information about the property being listed

6. Commission Structure: Details of fees, commission rates, and payment terms

7. Duration: Term of the listing agreement and renewal provisions

8. Obligations of Parties: Responsibilities of both agent and property owner

9. Termination: Conditions and process for ending the agreement

Optional Sections

1. Marketing Strategy: Specific marketing approaches to be used when particular marketing commitments are agreed upon

2. Exclusions: Specific potential buyers or situations excluded from the agreement when owner has pre-existing relationships with potential buyers

3. Additional Services: Any extra services offered beyond standard listing when additional services are included in the arrangement

Suggested Schedules

1. Property Details Schedule: Detailed description of property, including photographs and floor plans

2. Commission Schedule: Detailed breakdown of commission structure and payment terms

3. Marketing Plan: Detailed marketing strategy and timeline

4. Property Condition Report: Current condition of the property and any known issues

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

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Industries

Estate Agents Act 2010 (Cap. 95A): Primary legislation that regulates real estate agencies and agents in Singapore, establishing licensing requirements and defining professional obligations and standards

Estate Agents (Estate Agency Work) Regulations 2010: Subsidiary legislation that prescribes mandatory requirements for property transactions, details requirements for listing agreements, and specifies essential terms and conditions

Council for Estate Agencies (CEA) Guidelines: Regulatory guidelines that establish professional service standards, code of ethics, professional client care, and prescribed estate agency agreements

Personal Data Protection Act 2012 (PDPA): Legislation governing the collection, use, and disclosure of personal data, including consent obligations and data protection provisions

Competition Act (Cap. 50B): Legislation ensuring fair competition practices and preventing anti-competitive agreements in the real estate industry

Contract Law (Common Law): Common law principles governing contract formation, terms and conditions, and rights and obligations of parties

Consumer Protection (Fair Trading) Act: Legislation protecting consumers against unfair practices, establishing disclosure requirements, and defining consumer rights in real estate transactions

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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