Broker Agent Commission Agreement for Singapore

Broker Agent Commission Agreement Template for Singapore

A legally binding agreement governed by Singapore law that establishes the terms and conditions for commission-based services provided by a broker or agent. The agreement complies with the Estate Agents Act 2010 and CEA regulations, detailing commission structures, payment terms, obligations, and compliance requirements. It includes specific provisions for the Singapore market and incorporates local regulatory requirements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our Singapore-compliant Broker Agent Commission Agreement

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Broker Agent Commission Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a Broker Agent Commission Agreement?

The Broker Agent Commission Agreement is essential for businesses operating in Singapore that engage brokers or agents on a commission basis. This document defines the commercial relationship between parties, establishing clear terms for commission calculations, payment schedules, and performance expectations. It ensures compliance with Singapore's Estate Agents Act 2010 and CEA regulations while protecting both parties' interests. The agreement is particularly crucial in regulated industries where commission-based sales are common, providing a framework for professional services delivery and compensation.

What sections should be included in a Broker Agent Commission Agreement?

1. Parties: Identifies the broker/agent and the principal company, including registration details and addresses

2. Background: Context of the agreement and brief description of the business relationship

3. Definitions: Key terms used throughout the agreement, including 'Commission', 'Territory', 'Services'

4. Appointment and Scope: Terms of appointment and detailed scope of services to be provided

5. Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms

6. Obligations of the Agent: Agent's duties, responsibilities, and compliance requirements under CEA regulations

7. Term and Termination: Duration of agreement and circumstances for termination

8. Compliance with Laws: Commitment to comply with relevant Singapore laws and CEA regulations

What sections are optional to include in a Broker Agent Commission Agreement?

1. Non-Compete Clause: Restrictions on working with competitors, used when protecting market share in specific territories

2. Performance Targets: Specific sales or business targets, included for performance-based agreements

3. Training Requirements: Mandatory training and certification requirements, used when specific qualifications are needed

4. Marketing Support: Details of marketing assistance provided, included when marketing support is part of the arrangement

What schedules should be included in a Broker Agent Commission Agreement?

1. Commission Rate Card: Detailed breakdown of commission rates for different products/services

2. Territory Map: Geographical area where agent is authorized to operate

3. Required Qualifications: List of mandatory certifications and qualifications

4. Reporting Templates: Standard forms for activity and performance reporting

5. CEA Guidelines: Relevant excerpts from CEA regulations and guidelines

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Insurance
Financial Services
Commodities

Relevant Teams

Sales
Legal
Finance
Compliance
Operations

Relevant Roles

Sales Director
Broker Relations Manager
Compliance Officer
Commercial Director
Legal Counsel

Find the exact document you need

No matches found.

Tender Agency Agreement

A Singapore-law governed agreement appointing an agent to manage tender processes, including preparation, evaluation, and administration of tenders.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Broker Agent Commission Agreement?

What sections should be included in a Broker Agent Commission Agreement?

What sections are optional to include in a Broker Agent Commission Agreement?

What schedules should be included in a Broker Agent Commission Agreement?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Tender Agency Agreement

Sole Selling Agreement

Sole Agency Contract

Security Guard Service Agreement

Security Agency Contract Agreement

Recruitment Agency Agreement With Client

Limited Agency Agreement

Home Care Agency Service Agreement

Contract For Agency Agreement

Buyer Commission Agreement

Exclusive Management Agency Agreement Commercial And Industrial

Exclusive Agency Listing Agreement Form

Buyer Tenant Agency Contract

Broker Agreement Commission

Agency Representation Agreement

Buyer Realtor Agreement

Buyers Rep Agreement

Buyer Broker Commission Agreement

Exclusive Agency Contract

Buyer Agent Commission Agreement

Property Management Agreement Between Landlord And Agent

Estate Agency Agreement

Buyer Agent Exclusive Agreement

Buyer Broker Exclusive Agreement

Buyer Representation Agreement

Seller Agency Agreement

Real Estate Broker Commission Agreement

Real Estate Agent Referral Agreement

Real Estate Agent Commission Agreement

Broker And Agent Agreement

Broker Agent Commission Agreement

Broker Agent Agreement

Insurance Agent Agreement

Broker Exclusive Agreement

Tenant Agency Agreement

Temporary Agency Contract

Temp Staffing Agreement

Temp Agency Contract

Sub Agent Contract

Sub Agency Agreement

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Use Cases

Generate Legal Docs Free