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Real Estate Broker Referral Agreement Template for Singapore

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Key Requirements PROMPT example:

Real Estate Broker Referral Agreement

"I need a Real Estate Broker Referral Agreement for my Singapore-based agency to establish a referral relationship with a broker in Australia, specifically for luxury residential properties with commission rates of 25% of the selling broker's commission."

Document background
Real Estate Broker Referral Agreements are essential documents in Singapore's real estate industry, used when licensed brokers wish to formalize referral arrangements. These agreements are particularly important given Singapore's strict regulatory environment under the Estate Agents Act 2010 and CEA oversight. The document establishes clear parameters for commission sharing, defines responsibilities of both parties, and ensures compliance with local regulations. This agreement type is commonly used when brokers specialize in different market segments or geographical areas, or when international referrals are involved.
Suggested Sections

1. Parties: Identification of referring broker and receiving broker, including license details

2. Background: Context of the referral arrangement and relationship between parties

3. Definitions: Key terms used in the agreement including 'Referral', 'Commission', 'Client'

4. Scope of Referral Arrangement: Details of referral services and territory covered

5. Commission Structure: Referral fee calculations and payment terms

6. Term and Termination: Duration of agreement and termination provisions

7. Confidentiality: Protection of confidential information and client data

Optional Sections

1. Non-Compete Provisions: Restrictions on competing activities, use when parties operate in overlapping markets

2. Marketing Guidelines: Rules for marketing referred properties, include when joint marketing is anticipated

3. International Transactions: Special provisions for cross-border referrals, include for international arrangements

Suggested Schedules

1. Commission Schedule: Detailed breakdown of commission rates and calculations

2. Referral Process: Step-by-step procedure for making and accepting referrals

3. Required Forms: Standard forms for referral submission and tracking

4. Broker Licenses: Copies of current broker licenses and certifications

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: Primary legislation governing real estate agency work in Singapore. Establishes licensing requirements for estate agents and salespersons, and creates the Council for Estate Agencies (CEA) as the regulatory body.

Estate Agents (Estate Agency Work) Regulations 2010: Detailed regulations covering conduct of estate agency work, including requirements for professional service and ethics, and rules about commission and fee structures.

CEA Practice Guidelines: Set of guidelines issued by Council for Estate Agencies including Professional Service Manual, Practice Guidelines on Ethical Advertising, and Guidelines on prevention of money laundering and countering terrorism financing.

Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data, including requirements for handling client information, consent obligations, and data protection requirements.

Contract Law (Amendment) Act 2012: General contract law principles governing formation and enforcement of contracts, including requirements for terms and conditions in agreements.

Competition Act 2004: Legislation governing fair competition and anti-competitive practices in business operations, including rules affecting broker relationships and fee arrangements.

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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