Document background
The Referral Agreement Between Brokers serves as a crucial document in Singapore's real estate industry, establishing formal arrangements for client referrals between licensed brokers. This agreement is particularly important when brokers from different agencies collaborate to serve clients effectively. It addresses key aspects such as commission splits, professional obligations, and compliance with CEA regulations. The document becomes necessary when brokers want to formalize their referral relationship, protect their interests, and ensure compliance with Singapore's strict real estate regulations. It includes specific provisions for commission structures, confidentiality, and dispute resolution mechanisms, all while adhering to local legal requirements.
