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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."
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
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
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
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