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Seller Agency Agreement Generator for Singapore

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Key Requirements PROMPT example:

Seller Agency Agreement

"I need a Seller Agency Agreement for a luxury condominium in Singapore, with exclusive rights for 6 months starting March 2025, including specific provisions for international marketing and a tiered commission structure based on the final sale price."

Document background
The Seller Agency Agreement is a crucial document in Singapore's real estate industry, used when a property owner wishes to engage a licensed real estate agency to sell their property. This agreement, regulated under Singapore law and the Estate Agents Act 2010, outlines the relationship between the seller and agent, detailing commission rates, service scope, marketing strategies, and mutual obligations. It provides legal protection for both parties and ensures compliance with Singapore's strict real estate regulations. The agreement is particularly important as it establishes clear expectations and responsibilities while adhering to the professional standards set by the Council for Estate Agencies.
Suggested Sections

1. Parties: Identification of the seller and the agent, including full legal names and addresses

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement

4. Appointment and Authority: Scope of agent's appointment and authorized activities

5. Agent's Obligations: Detailed responsibilities and duties of the agent

6. Seller's Obligations: Responsibilities and commitments of the seller

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

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

9. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Exclusivity Provisions: Used when granting exclusive rights to the agent for high-value properties or when requested by established agencies

2. Marketing Budget: Details of marketing expenses and responsibilities when specific marketing commitments are agreed

3. Sub-Agency Provisions: Rules for engaging other agents when sub-agents might be involved

4. Post-Termination Obligations: Ongoing obligations after agreement ends for complex transactions or high-value properties

Suggested Schedules

1. Property Details Schedule: Detailed description of the property, including title details and encumbrances

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

3. Marketing Plan: Detailed marketing strategy and activities (if applicable)

4. Required Documents Checklist: List of documents required from seller for the transaction

5. CEA Prescribed Forms: Standard forms required by the Council for Estate Agencies

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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 (Chapter 95A): Primary legislation regulating the real estate agency industry in Singapore, establishing requirements for registration of estate agents and salespersons, and defining their duties and responsibilities

Estate Agents (Estate Agency Work) Regulations 2010: Subsidiary legislation providing detailed requirements for conducting estate agency work, including prescribed forms, procedures, and standards for professional conduct

Code of Ethics and Professional Client Care: Professional guidelines published by the Council for Estate Agencies (CEA) establishing standards, practices, and obligations towards clients

Contract Law (Chapter 53): Fundamental legislation governing the formation and enforcement of contracts, including requirements for valid contracts and remedies for breach

Consumer Protection (Fair Trading) Act: Legislative framework protecting consumers against unfair practices in transactions, applicable to residential property dealings

Personal Data Protection Act 2012: Legislation regulating the collection, use, and disclosure of personal data in client relationships and transactions

Prevention of Money Laundering and Terrorist Financing Guidelines: Regulatory guidelines establishing compliance requirements and due diligence procedures for property 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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