Broker Contract Commission Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Broker Contract Commission

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Broker Contract Commission

"Need a Broker Contract Commission agreement for our Singapore-based real estate agency, covering both residential and commercial property transactions, with a tiered commission structure starting at 2% for properties under SGD 1 million and increasing to 3% for luxury properties over SGD 5 million, to be implemented from January 2025."

What is a Broker Contract Commission?

The Broker Contract Commission agreement is essential for formalizing broker-principal relationships in Singapore's regulated market environment. This document is typically used when engaging brokers for various financial, real estate, or commercial transactions, establishing clear commission structures, payment terms, and compliance requirements. It incorporates key elements required by Singapore's regulatory framework, including MAS guidelines and the Securities and Futures Act, while protecting both parties' interests through detailed performance metrics and payment terms.

What sections should be included in a Broker Contract Commission?

1. Parties: Identification of the principal and broker, including registration details and addresses

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of broker appointment and authorized activities

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

6. Payment Terms: Timeline and method of commission payments

7. Obligations and Duties: Broker's responsibilities and compliance requirements

8. Term and Termination: Duration of agreement and termination provisions

9. Confidentiality: Protection of confidential information

What sections are optional to include in a Broker Contract Commission?

1. Non-Competition: Restrictions on competing activities when broker has access to sensitive client information or market strategies

2. Training Requirements: Mandatory training and certification requirements when specific qualifications or ongoing training is required

3. Performance Targets: Specific goals and metrics when commission structure is tied to performance benchmarks

4. Professional Indemnity: Insurance requirements and liability provisions when dealing with high-value transactions or regulated activities

What schedules should be included in a Broker Contract Commission?

1. Commission Rate Schedule: Detailed breakdown of commission rates for different products or services

2. Territory Schedule: Geographic areas where broker is authorized to operate

3. Product Schedule: List of authorized products or services

4. Compliance Procedures: Detailed compliance requirements and procedures

5. Performance Metrics: Detailed KPIs and measurement criteria

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

Relevant legal definitions
Clauses
Industries

Securities and Futures Act (SFA): Primary legislation governing securities, futures, and derivatives markets in Singapore, including broker activities in these sectors

Financial Advisers Act (FAA): Regulates financial advisory services in Singapore, including requirements for licensing, conduct of business, and client relations

Insurance Act: Governs insurance business and insurance intermediaries including brokers in Singapore

Estate Agents Act: Regulates real estate agents and agencies in Singapore, including their licensing and professional conduct

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore covering various aspects of financial services

Guidelines on Standards of Conduct: Specific guidelines for financial advisers and representatives regarding professional conduct and service standards

MAS Notice on Investment Products: Regulatory requirements regarding recommendations and dealings in investment products

Singapore Contract Law: General contract law principles governing formation and enforcement of contracts in Singapore

Civil Law Act: Fundamental legislation governing civil matters including contractual relationships in Singapore

Unfair Contract Terms Act: Regulates unfair terms in contracts and limits the extent to which civil liability can be excluded

Employment Act: Main labor law governing employment relationships if broker is considered an employee

Central Provident Fund Act: Mandatory social security savings scheme affecting employment relationships in Singapore

AML/CFT Notices: Anti-Money Laundering and Countering the Financing of Terrorism regulations applicable to financial sector

Personal Data Protection Act: Governs the collection, use, and disclosure of personal data by organizations

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and provides additional rights in consumer transactions

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Salesperson Employment Contract

A Singapore-compliant employment agreement for sales professionals, covering compensation, targets, and employment terms under Singapore law.

find out more

Employee Commission Agreement

A Singapore-law governed agreement establishing commission-based compensation terms between employer and employee, compliant with local employment regulations.

find out more

Commercial Commission Contract

A Singapore-law governed agreement establishing terms for commission-based business relationships between principals and agents.

find out more

Commission Agreement For Sale Of Goods

A Singapore-law governed agreement establishing commission-based terms between a principal and agent for the sale of goods.

find out more

Artwork Commission Agreement

A Singapore-law governed agreement establishing terms and conditions for commissioned artwork creation, including specifications, payment, and rights transfer.

find out more

Broker Contract Commission

A Singapore-governed agreement establishing broker commission terms and payment structures in compliance with local financial regulations.

find out more

Property Commission Agreement

A Singapore-governed agreement establishing commission terms and conditions between property owners and real estate agents, regulated by the Estate Agents Act.

find out more

Project Commission Agreement

A Singapore-law governed agreement establishing terms and conditions for commissioned project work between parties.

find out more

Business Development Commission Agreement

A Singapore-law agreement establishing terms for commission-based business development services.

find out more

Commission Trust Agreement

A Singapore-governed agreement establishing a trust arrangement with commission-based compensation structures, combining trust administration with specific commission payment provisions.

find out more

Sponsorship Commission Agreement

A Singapore-law governed agreement defining commission terms and conditions for securing sponsorship arrangements.

find out more

Intermediary Commission Agreement

A Singapore law-governed agreement establishing commission terms between a principal and intermediary for specified business services.

find out more

Commission Draw Agreement

A Singapore-compliant agreement establishing terms for commission-based employment with regular draw payments against future earnings.

find out more

Joint Venture Commission Agreement

A Singapore-governed agreement establishing terms for a joint venture with commission-based profit sharing arrangements.

find out more

Broker Fee Contract

A Singapore-law governed agreement establishing broker compensation terms and service obligations.

find out more

Commission Guarantee Agreement

A Singapore law-governed agreement where a guarantor ensures commission payments will be made to a beneficiary if the principal defaults.

find out more

Fundraising Commission Agreement

A Singapore-law governed agreement establishing commission-based terms for fundraising services, including payment structure and compliance requirements.

find out more

Consulting Commission Agreement

A Singapore-law governed agreement establishing terms for consulting services, including scope, payment, and professional relationship parameters.

find out more

Referral Commission Agreement

A Singapore-law governed agreement establishing terms for referral services and commission payments between parties.

find out more

Commission Contract Agreement

A legally binding agreement under Singapore law that establishes terms for commission-based work arrangements between principals and agents.

find out more

Commission Share Agreement

A Singapore-law governed agreement establishing terms for sharing commission earnings between parties, including calculation methods and payment terms.

find out more

Sales Representative Contract

A Singapore-law governed agreement establishing the relationship between a company and its sales representative, including commission terms and mutual obligations.

find out more

Commercial Lease Commission Agreement

A Singapore-governed agreement establishing commission terms for commercial property leasing services between property owners and real estate agents.

find out more

Exclusive Agency Agreement Commission

A Singapore law-governed agreement establishing exclusive agency rights and commission structures between Principal and Agent.

find out more

Middleman Commission Agreement

A Singapore-law governed agreement establishing terms for intermediary services and commission arrangements between a principal and middleman.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.