Real Estate Broker Confidentiality Agreement

Real Estate Broker Confidentiality Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Real Estate Broker Confidentiality Agreement for my luxury property development in Singapore, protecting sensitive pricing strategies and client information, to be used with multiple brokers starting January 2025."

Document background

The Real Estate Broker Confidentiality Agreement is essential in Singapore's property market where sensitive information about properties, pricing, and transactions must be protected. This agreement, compliant with Singapore's Estate Agents Act 2010 and regulated by the Council for Estate Agencies (CEA), is typically used when property owners or developers share confidential details with brokers during property listings, sales, or development projects. It safeguards business strategies, financial information, and personal data while allowing brokers to effectively market properties.

Suggested Sections

1. Parties: Identifies the broker and the disclosing party

2. Background: Context of the agreement and relationship between parties

3. Definitions: Defines key terms including 'Confidential Information'

4. Scope of Confidential Information: Specifies what information is covered by the agreement

5. Obligations of Confidentiality: Details the broker's duties to maintain confidentiality

6. Permitted Use: Specifies allowed uses of confidential information

7. Term and Termination: Duration of confidentiality obligations

8. Return of Confidential Information: Requirements for returning or destroying confidential materials

Optional Sections

1. Data Protection Compliance: Additional provisions for compliance with Personal Data Protection Act (PDPA) when personal data is involved

2. Intellectual Property Rights: Protection of intellectual property rights in confidential materials when proprietary information is involved

3. Indemnification: Compensation provisions for breach of agreement, typically included for high-value transactions

4. Insurance Requirements: Professional indemnity insurance provisions for large commercial properties

Suggested Schedules

1. Schedule 1: Description of Confidential Information: Detailed list of protected information types

2. Schedule 2: Authorized Representatives: List of persons authorized to receive confidential information

3. Schedule 3: Security Measures: Required security protocols for protecting information

4. Appendix A: Data Protection Procedures: Specific procedures for PDPA compliance

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Residential Real Estate
Commercial Real Estate
Luxury Property
Property Development

Relevant Teams

Real Estate Sales
Legal
Property Management
Business Development
Compliance

Relevant Roles

Real Estate Agent
Property Manager
Sales Director
Development Manager
Investment Advisor

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Let's create your Real Estate Broker Confidentiality Agreement

Authors

Alex Denne

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