Buyer Broker Agreement

Buyer Broker Agreement Template for Singapore

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Key Requirements PROMPT example:

"Need a Buyer Broker Agreement for a high-net-worth individual looking to purchase multiple properties in Singapore's prime districts, with exclusive representation for 6 months starting January 2025 and including international property search capabilities."

Document background

The Buyer Broker Agreement is a critical document in Singapore's real estate market that formalizes the relationship between property buyers and their chosen real estate brokers. This agreement is particularly important in Singapore's highly regulated property market, where the Council for Estate Agencies (CEA) maintains strict oversight of property transactions. The document typically includes detailed terms about the broker's services, commission structures, exclusivity arrangements, and obligations of both parties. It serves as a protective mechanism for both the buyer and broker, ensuring clarity in their professional relationship while complying with Singapore's Estate Agents Act 2010 and related regulations.

Suggested Sections

1. Parties: Identification of the broker and buyer, including registration details

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. Duration: Term of the agreement including start and end dates

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

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

8. Obligations of Buyer: Duties and responsibilities of the buyer

9. Termination: Conditions and process for ending the agreement

Optional Sections

1. Exclusivity: Terms of exclusive appointment, used when broker has sole rights

2. International Property: Additional terms for overseas property purchases

3. Multiple Properties: Terms for searching multiple properties

Suggested Schedules

1. Schedule 1: Fee Structure: Detailed breakdown of all fees and commission calculations

2. Schedule 2: Services: Comprehensive list of services to be provided by broker

3. Appendix A: Property Requirements: Buyer's specific requirements for desired property

4. Appendix B: CEA Prescribed Forms: Mandatory forms required by Council for Estate Agencies

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
Investment
Commercial Property

Relevant Teams

Real Estate
Legal
Compliance
Sales
Operations

Relevant Roles

Real Estate Agent
Property Consultant
Investment Manager
Legal Counsel
Compliance Officer

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Let's create your Buyer Broker Agreement

Authors

Alex Denne

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