Buyer Representation Agreement Template for Singapore

A Buyer Representation Agreement is a legal contract between you and a real estate agent in Singapore, making them your exclusive representative when buying property. This agreement gives your agent the official right to search for homes, negotiate prices, and handle property transactions on your behalf.

Under Singapore's Estate Agents Act, this agreement protects both buyers and agents by clearly spelling out services, fees, and obligations. It typically runs for a set period (usually 3-6 months) and includes important details like your target property type, budget range, and the agent's commission structure. Breaking this agreement early can lead to penalty fees, so it's crucial to read the terms carefully.

Use a Buyer Representation Agreement when you're ready to seriously hunt for property in Singapore and want dedicated support from a real estate agent. It's especially valuable in competitive markets where quick action and expert guidance make the difference between securing or losing your ideal property.

This agreement becomes essential when dealing with high-value properties, complex negotiations, or if you need an agent to handle viewings while you're overseas. Sign it after meeting several agents and choosing one you trust - ideally before they start showing you properties or making offers. The agreement ensures your agent commits their full resources to your search, giving you priority access to new listings and market insights.

• Exclusive Buyer Agency Agreement: Gives one agent sole rights to represent you for a fixed period, typically offering the strongest commitment and service level
• Non-Exclusive Agreement: Allows you to work with multiple agents but only pay commission to the one who closes the deal
• Limited Service Agreement: Covers specific services like property viewings or negotiations, ideal for buyers who want to handle some aspects themselves
• Project-Specific Agreement: Focuses on purchasing within a particular development or district, common for new launches
• Time-Limited Agreement: Short-term contract lasting 1-3 months, perfect for testing an agent's services before committing long-term

• Property Buyers: Sign the agreement to secure dedicated representation when house-hunting, gaining access to expert guidance and market insights
• Licensed Real Estate Agents: Draft and propose these agreements to formalize their commitment to buyers, outlining their services and commission structure
• Real Estate Agencies: Review and approve agreements to ensure compliance with CEA guidelines and protect their business interests
• Property Lawyers: Often review these agreements to advise clients on terms and obligations before signing
• Council for Estate Agencies (CEA): Regulates these agreements and enforces compliance with Singapore's real estate laws

• Property Requirements: List your target property type, location preferences, and budget range clearly
• Agent Verification: Check the agent's CEA registration number and track record in your desired property category
• Service Scope: Define exactly which services you need - from property search to price negotiations and completion
• Duration Terms: Decide on the agreement length, typically 3-6 months, with any extension conditions
• Commission Structure: Document the agreed commission rate and payment terms, including any early termination fees
• Documentation: Prepare your identification documents, proof of funds, and any specific property requirements

• Party Details: Full names, addresses, and CEA registration numbers of both buyer and agent/agency
• Scope of Services: Detailed list of agent duties, property search criteria, and representation terms
• Exclusivity Terms: Clear statement of exclusive or non-exclusive representation rights
• Duration Clause: Start and end dates, plus any extension or early termination conditions
• Commission Structure: Detailed breakdown of fees, payment terms, and conditions for commission earning
• Confidentiality Terms: Rules about handling sensitive buyer information and property details
• Dispute Resolution: Singapore law jurisdiction and specific mediation procedures

A Buyer Representation Agreement differs significantly from an Agency Agreement in key aspects, though both involve professional representation in property transactions. While they might seem similar at first glance, their purposes and protections vary considerably in Singapore's real estate market.

• Scope of Representation: A Buyer Representation Agreement specifically protects the buyer's interests in property purchases, while an Agency Agreement can cover both buying and selling, often with broader powers
• Exclusivity Terms: Buyer agreements typically focus on exclusive property search and negotiation rights, whereas Agency Agreements might include marketing, listing, and multiple transaction types
• Commission Structure: Buyer agreements usually have straightforward commission based on purchase price, while Agency Agreements often include varied fee structures for different services
• Duration and Flexibility: Buyer agreements tend to be shorter-term (3-6 months) with specific property goals, while Agency Agreements often run longer and cover multiple transactions