The Exclusive Seller Brokerage Agreement is a crucial document in Singapore's real estate market, providing a framework for professional property marketing and sales. This agreement, regulated by the Estate Agents Act and CEA guidelines, is used when a property owner wishes to engage a single agency exclusively for selling their property. It details the scope of services, commission structures, marketing commitments, and obligations of both parties. The document is particularly important in Singapore's highly regulated real estate market, where clear documentation of agency relationships is required for legal compliance and professional practice.
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Key Requirements PROMPT example:
Exclusive Seller Brokerage Agreement
"Need an Exclusive Seller Brokerage Agreement for my luxury condominium in Singapore's Orchard Road area, with specific provisions for international marketing and a minimum selling price of SGD 5.8 million, to be effective from March 2025 for a 6-month period."
1. Parties: Identification of the property owner and the real estate agency
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of exclusive appointment and services to be provided
5. Duration: Period of exclusivity and agreement term
6. Commission Structure: Fee arrangements and payment terms
7. Obligations of the Agent: Agent's duties and responsibilities
8. Obligations of the Seller: Seller's commitments and responsibilities
9. Termination: Conditions for ending the agreement
1. Marketing Plan: Detailed marketing strategy and activities for high-value properties or when specific marketing commitments are required
2. Performance Guarantees: Specific performance metrics and related provisions when seller requires specific performance standards
3. International Marketing: Provisions for overseas marketing efforts for luxury properties or when targeting international buyers
1. Property Details Schedule: Detailed description of the property including title details
2. Commission Schedule: Detailed breakdown of commission structure and payment terms
3. Marketing Schedule: Detailed marketing plan and timeline
4. Property Condition Report: Current condition of the property
5. Required Disclosures: Mandatory disclosures under Singapore law
Authors
Relevant legal definitions
Agreement
Property
Exclusive Period
Commission
Effective Date
Expiry Date
Asking Price
Sale Price
Agency
Agent
Seller
Marketing Services
Completion Date
Option to Purchase
Sale and Purchase Agreement
Exclusivity Rights
Working Day
Confidential Information
Marketing Materials
Prospective Purchaser
Reserved Price
Property Particulars
Terms of Engagement
CEA
Licensed Property Agent
Approved Marketing Plan
Transaction Documents
Force Majeure Event
Material Breach
Permitted Disclosures
Property
Exclusive Period
Commission
Effective Date
Expiry Date
Asking Price
Sale Price
Agency
Agent
Seller
Marketing Services
Completion Date
Option to Purchase
Sale and Purchase Agreement
Exclusivity Rights
Working Day
Confidential Information
Marketing Materials
Prospective Purchaser
Reserved Price
Property Particulars
Terms of Engagement
CEA
Licensed Property Agent
Approved Marketing Plan
Transaction Documents
Force Majeure Event
Material Breach
Permitted Disclosures
Clauses
Appointment
Exclusivity
Duration
Commission
Services
Marketing
Property Details
Agent Obligations
Seller Obligations
Representations and Warranties
Confidentiality
Data Protection
Termination
Force Majeure
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Performance Standards
Commission Payment Terms
Marketing Standards
Professional Conduct
Property Access
Transaction Process
Documentation Requirements
Indemnification
Insurance
Exclusivity
Duration
Commission
Services
Marketing
Property Details
Agent Obligations
Seller Obligations
Representations and Warranties
Confidentiality
Data Protection
Termination
Force Majeure
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Performance Standards
Commission Payment Terms
Marketing Standards
Professional Conduct
Property Access
Transaction Process
Documentation Requirements
Indemnification
Insurance
Relevant Industries
Relevant Teams
Relevant Roles
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