The Broker Fee Contract is essential for establishing clear terms of broker compensation in Singapore's regulated environment. This document is typically used when engaging brokerage services for transactions in real estate, financial instruments, or other assets. The contract must comply with Singapore's Estate Agents Act, CEA regulations, and relevant financial services legislation. It outlines the scope of services, fee structures, payment terms, and obligations of all parties while incorporating necessary regulatory compliance measures. The document serves as a crucial tool for protecting both broker and client interests in professional service arrangements.
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Key Requirements PROMPT example:
Broker Fee Contract
"I need a Broker Fee Contract for a Singapore-based real estate broker who will be providing exclusive services for our commercial property portfolio, with a tiered commission structure and success fees for transactions above SGD 10 million, starting March 2025."
1. Parties: Identification of broker and client with full legal names and addresses
2. Background: Context of the brokerage relationship and purpose of agreement
3. Definitions: Key terms used throughout the agreement including relevant regulatory definitions
4. Scope of Services: Detailed description of brokerage services to be provided
5. Fee Structure: Broker's compensation, payment terms, and conditions
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations of Parties: Responsibilities of both broker and client
1. Exclusivity: Exclusive rights of broker, used when exclusive arrangement is agreed
2. International Transactions: Additional provisions for cross-border dealings
3. Special Asset Classes: Specific provisions for particular types of assets
1. Fee Schedule: Detailed breakdown of all applicable fees and commission structures
2. Service Level Agreement: Specific performance metrics and service standards
3. Required Documents: List of documents required from client for various transactions
4. Compliance Checklist: Regulatory compliance requirements and procedures
Authors
Relevant legal definitions
Agreement
Applicable Law
Asset
Broker
Broker Fee
Business Day
CEA
Client
Commencement Date
Commission
Completion
Confidential Information
Due Diligence
Effective Date
Estate Agents Act
Exclusivity Period
Force Majeure
GST
Initial Term
Licensed Activities
Licensed Estate Agent
Market Value
Party/Parties
Performance Metrics
Prescribed Fee
Professional Services
Property
Regulatory Authority
Renewal Term
Securities
Services
Singapore Dollar/SGD
Success Fee
Target Asset
Term
Transaction
Transaction Value
Applicable Law
Asset
Broker
Broker Fee
Business Day
CEA
Client
Commencement Date
Commission
Completion
Confidential Information
Due Diligence
Effective Date
Estate Agents Act
Exclusivity Period
Force Majeure
GST
Initial Term
Licensed Activities
Licensed Estate Agent
Market Value
Party/Parties
Performance Metrics
Prescribed Fee
Professional Services
Property
Regulatory Authority
Renewal Term
Securities
Services
Singapore Dollar/SGD
Success Fee
Target Asset
Term
Transaction
Transaction Value
Clauses
Scope of Services
Broker Fee Structure
Payment Terms
Term and Duration
Termination
Obligations of Broker
Obligations of Client
Representations and Warranties
Confidentiality
Data Protection
Compliance with Laws
Licensing Requirements
Anti-Money Laundering
Professional Standards
Record Keeping
Commission Structure
Success Fee
Expenses
Performance Standards
Exclusivity
Limitation of Liability
Indemnification
Force Majeure
Insurance
Dispute Resolution
Notices
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Non-Solicitation
Non-Competition
Intellectual Property
Marketing Rights
Referral Arrangements
Broker Fee Structure
Payment Terms
Term and Duration
Termination
Obligations of Broker
Obligations of Client
Representations and Warranties
Confidentiality
Data Protection
Compliance with Laws
Licensing Requirements
Anti-Money Laundering
Professional Standards
Record Keeping
Commission Structure
Success Fee
Expenses
Performance Standards
Exclusivity
Limitation of Liability
Indemnification
Force Majeure
Insurance
Dispute Resolution
Notices
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Non-Solicitation
Non-Competition
Intellectual Property
Marketing Rights
Referral Arrangements
Relevant Industries
Relevant Teams
Relevant Roles
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