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Buyer Broker Commission Agreement
"I need a Buyer Broker Commission Agreement for a commercial property transaction in Singapore, with an exclusive representation period of 6 months starting March 2025, and a tiered commission structure based on property value ranges."
1. Parties: Identification of broker and buyer with full legal names and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of broker's services and obligations
5. Commission Structure: Commission rates, calculation method, and payment terms
6. Term and Termination: Duration of agreement and termination conditions
7. Obligations of Parties: Specific duties and responsibilities of both broker and buyer
8. Governing Law: Specification of Singapore law as governing law
1. Exclusivity: Terms of exclusive representation when broker requires exclusive rights to represent buyer
2. Protection Period: Post-termination commission rights and protection for deals initiated during agreement
3. Dispute Resolution: Specific dispute resolution procedures when parties want detailed conflict resolution process
1. Commission Rate Schedule: Detailed breakdown of commission rates for different property types/values
2. Service Level Agreement: Detailed scope of services and performance metrics
3. Property Requirements: Buyer's specific property requirements and preferences
4. Agency Disclosure Form: Required CEA disclosure forms and documentation
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