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Property Commission Agreement
"I need a Property Commission Agreement for my luxury condominium in Singapore, with an exclusive agency arrangement and international marketing provisions, starting from March 2025 with a 6-month term and a tiered commission structure based on the final sale price."
1. Parties: Identification of the agent/agency and the property owner/client
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agent appointment and services covered
5. Commission Structure: Detailed breakdown of commission rates and payment terms
6. Duration: Term of the agreement including start and end dates
7. Obligations: Responsibilities of both parties
8. Termination: Conditions for ending the agreement
1. Exclusivity: Terms of exclusive agency rights for properties requiring dedicated representation
2. Marketing Plan: Specific marketing strategies and commitments for high-value properties or comprehensive service packages
3. International Marketing: Overseas marketing provisions for luxury properties or those targeting international buyers
4. Co-broking: Terms for working with other agents when cooperation with other agencies is permitted
1. Property Details Schedule: Detailed description of the property including address, size, features
2. Commission Rate Schedule: Detailed breakdown of commission rates for different scenarios
3. Marketing Schedule: Specific marketing activities and timeline
4. Required Documents Checklist: List of documents required from property owner
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