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Broker Fee Contract
"I need a Broker Fee Contract for a Singapore-based real estate broker who will be providing exclusive services for our commercial property portfolio, with a tiered commission structure and success fees for transactions above SGD 10 million, starting March 2025."
1. Parties: Identification of broker and client with full legal names and addresses
2. Background: Context of the brokerage relationship and purpose of agreement
3. Definitions: Key terms used throughout the agreement including relevant regulatory definitions
4. Scope of Services: Detailed description of brokerage services to be provided
5. Fee Structure: Broker's compensation, payment terms, and conditions
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations of Parties: Responsibilities of both broker and client
1. Exclusivity: Exclusive rights of broker, used when exclusive arrangement is agreed
2. International Transactions: Additional provisions for cross-border dealings
3. Special Asset Classes: Specific provisions for particular types of assets
1. Fee Schedule: Detailed breakdown of all applicable fees and commission structures
2. Service Level Agreement: Specific performance metrics and service standards
3. Required Documents: List of documents required from client for various transactions
4. Compliance Checklist: Regulatory compliance requirements and procedures
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