The Buyer Representation Agreement is a critical document in Singapore's real estate transactions, designed to protect both buyers and agents in property dealings. This agreement is essential when a buyer wishes to engage a licensed real estate professional to assist in property search and acquisition. The document, regulated under Singapore's Estate Agents Act and CEA guidelines, typically includes detailed service scope, commission structures, duration of representation, and obligations of both parties. It serves as a fundamental tool in establishing clear expectations and professional boundaries while ensuring compliance with Singapore's property transaction regulations.
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1. Parties: Identification of the buyer and the real estate agent/agency
2. Background: Context of the agreement and general purpose
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope of Services: Details of the agent's appointment and services to be provided
5. Duration of Agreement: Term of the agreement including start and end dates
6. Agent's Obligations: Duties and responsibilities of the agent
7. Client's Obligations: Duties and responsibilities of the buyer
8. Commission Structure: Details of fees, commission rates, and payment terms
9. Termination: Conditions and process for ending the agreement
1. Exclusivity Clause: Terms of exclusive representation, used when the agent requires exclusive rights to represent the buyer
2. Confidentiality: Terms regarding confidential information handling, used when sensitive information will be shared
3. Dispute Resolution: Process for handling disagreements, used when specific dispute resolution mechanisms are preferred
4. Force Majeure: Provisions for unforeseen circumstances, used when additional protection against extraordinary events is needed
1. Schedule of Services: Detailed list of services to be provided by the agent
2. Commission Schedule: Detailed breakdown of commission structures and scenarios
3. Property Requirements: Specific criteria for properties the buyer is interested in
4. Agency Disclosure Form: Standard CEA-required disclosure form
Relevant legal definitions
Agent
Agency
Appointed Representative
Buyer
CEA
Commission
Confidential Information
Effective Date
Estate Agency Work
Exclusive Period
Force Majeure Event
Material Information
Option to Purchase
Property
Property Information
Purchase Price
Required Property Criteria
Services
Term
Territory
Transaction
Working Day
Agency
Appointed Representative
Buyer
CEA
Commission
Confidential Information
Effective Date
Estate Agency Work
Exclusive Period
Force Majeure Event
Material Information
Option to Purchase
Property
Property Information
Purchase Price
Required Property Criteria
Services
Term
Territory
Transaction
Working Day
Clauses
Appointment
Scope of Services
Term and Duration
Agent's Obligations
Buyer's Obligations
Commission and Payment Terms
Exclusivity
Representations and Warranties
Confidentiality
Data Protection
Conflict of Interest
Professional Conduct
Record Keeping
Termination
Force Majeure
Liability and Indemnification
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Third Party Rights
Scope of Services
Term and Duration
Agent's Obligations
Buyer's Obligations
Commission and Payment Terms
Exclusivity
Representations and Warranties
Confidentiality
Data Protection
Conflict of Interest
Professional Conduct
Record Keeping
Termination
Force Majeure
Liability and Indemnification
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Third Party Rights
Relevant Industries
Relevant Teams
Relevant Roles
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