Broker Agreement Template for Singapore

A Broker Agreement sets out the legal terms between a broker and their client in Singapore, defining how the broker will help buy, sell, or arrange transactions for assets like properties, securities, or insurance policies. These contracts specify the broker's duties, commission rates, and the scope of their authority to act on the client's behalf.

Licensed under Singapore's Securities and Futures Act, brokers must follow strict regulatory guidelines when creating these agreements. The document protects both parties by clearly outlining performance expectations, payment terms, confidentiality obligations, and dispute resolution procedures - making it essential for professional broking relationships in financial markets, real estate, and other regulated sectors.

Use a Broker Agreement when engaging a professional broker to handle significant transactions in Singapore, especially for real estate deals, securities trading, or insurance arrangements. This agreement becomes essential before allowing any broker to represent your interests or access your financial resources.

The timing is crucial - put this agreement in place before the broker starts any work or negotiations. This protects you under Singapore's Securities and Futures Act regulations and establishes clear commission structures upfront. Having it ready helps avoid disputes about fees, responsibilities, or authority limits later, particularly in complex transactions involving multiple parties or high-value assets.

• Co Broker Agreement: Governs collaboration between multiple brokers sharing responsibilities and commissions on a single transaction
• Commission Agreement Between Brokers: Specifically focuses on commission splitting arrangements between cooperating brokers
• Real Estate Broker Agreement: Comprehensive agreement for full-service property brokerage services
• Real Estate Agent Agreement: Details the relationship between a real estate agency and individual agents
• Real Estate Agent Independent Contractor Agreement: Establishes non-employee relationship with agents working as independent contractors

• Licensed Brokers: Professionals registered with MAS who negotiate deals and earn commissions, using Broker Agreements to formalize client relationships
• Property Agencies: Companies that employ multiple agents and brokers, establishing terms for both client and agent relationships
• Individual Clients: Investors, property buyers/sellers, or businesses seeking brokerage services in Singapore's regulated markets
• Legal Counsel: Lawyers who draft and review agreements to ensure compliance with Singapore's Securities and Futures Act
• Compliance Officers: Internal staff who monitor broker activities and ensure adherence to regulatory requirements and agreement terms

• Broker Details: Gather license numbers, registration certificates, and professional credentials required by MAS
• Service Scope: Define exact services, transaction types, and geographical areas covered by the broker
• Commission Structure: Document precise commission rates, payment terms, and conditions for earning fees
• Duration Terms: Specify agreement length, renewal conditions, and termination clauses
• Compliance Check: Review against Singapore's Securities and Futures Act requirements
• Key Contacts: List authorized representatives, emergency contacts, and dispute resolution channels
• Template Generation: Use our platform to create a customized, compliant agreement that includes all required elements

• Party Details: Full legal names, addresses, and license numbers of broker and client
• Service Scope: Detailed description of brokerage services, authorized activities, and exclusivity terms
• Commission Structure: Clear payment terms, rates, conditions, and timeline for commission payments
• Duration & Termination: Agreement period, renewal options, and conditions for early termination
• Compliance Statement: Reference to MAS regulations and Securities and Futures Act requirements
• Dispute Resolution: Singapore law as governing law, mediation procedures, jurisdiction clause
• Confidentiality: Data protection obligations under PDPA and client privacy safeguards
• Liability Limits: Professional indemnity coverage and limitation of liability provisions

A Broker Agreement differs significantly from an Agency Agreement in several key aspects, though both involve representation of another party's interests. Understanding these differences is crucial for choosing the right document in Singapore's regulatory environment.

• Scope of Authority: Broker Agreements typically limit authority to specific transactions or deals, while Agency Agreements often grant broader, ongoing powers to act on behalf of the principal
• Compensation Structure: Brokers usually earn commission-based fees tied to successful transactions, whereas agents may receive fixed fees, retainers, or other payment arrangements
• Legal Obligations: Brokers mainly facilitate deals between parties, with limited fiduciary duties. Agents have more extensive fiduciary responsibilities and can bind their principals legally
• Regulatory Framework: Broker Agreements must comply with specific MAS regulations and the Securities and Futures Act, while Agency Agreements follow broader commercial law principles