Broker Seller Agreement

Broker Seller Agreement Template for Singapore

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Key Requirements PROMPT example:

"Need a Broker Seller Agreement for a portfolio of five commercial properties in Singapore's CBD area, with exclusive rights and a tiered commission structure based on property values ranging from $5M to $20M, to be effective from March 2025."

Document background

The Broker Seller Agreement is essential for formalizing the relationship between property owners and real estate brokers in Singapore. It outlines the broker's authority to market and sell property, commission structures, and mutual obligations, while ensuring compliance with Singapore's Estate Agents Act 2010 and CEA regulations. This agreement is particularly important in Singapore's highly regulated real estate market, where clear documentation of responsibilities and commission arrangements is required for legal protection of both parties.

Suggested Sections

1. Parties: Identification and details of the broker and seller

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

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of broker appointment and services to be provided

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

6. Obligations of Broker: Duties and responsibilities of the broker

7. Obligations of Seller: Duties and responsibilities of the seller

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

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

Optional Sections

1. Exclusivity: Terms of exclusive arrangement when broker is granted exclusive rights

2. Marketing Requirements: Specific marketing obligations and standards when detailed marketing requirements are needed

3. Insurance: Insurance requirements and coverage specifications when specific insurance requirements are needed

4. Force Majeure: Provisions for unforeseen circumstances and extraordinary events

Suggested Schedules

1. Commission Rate Schedule: Detailed breakdown of commission rates and calculation methods

2. Property Details: Specific information about properties covered by the agreement

3. Marketing Plan: Detailed marketing strategy and activities

4. Service Level Agreement: Specific performance metrics and service standards

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 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

Real Estate
Property Development
Commercial Property
Residential Property

Relevant Teams

Sales
Legal
Business Development
Compliance
Operations

Relevant Roles

Real Estate Agent
Property Manager
Sales Director
Business Development Manager
Compliance Officer

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Let's create your Broker Seller Agreement

Authors

Alex Denne

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