The Owner Agent Agreement is a crucial document in Singapore's real estate industry that formalizes the professional relationship between property owners and their chosen real estate agents. This agreement is essential when property owners seek professional representation for selling, leasing, or managing their properties. It must comply with Singapore's Estate Agents Act 2010 and the Council for Estate Agencies' guidelines, which regulate the real estate agency industry. The document typically includes detailed terms about marketing strategies, commission structures, service scope, and both parties' obligations, while adhering to Singapore's specific property market regulations and requirements.
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1. Parties: Identification and details of the property owner and the appointed agent
2. Background: Context of the agreement and brief description of the property
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agent appointment and specific services to be provided
5. Duration: Term of the agreement including start and end dates
6. Agent's Obligations: Detailed responsibilities and duties of the agent
7. Owner's Obligations: Responsibilities and commitments of the property owner
8. Commission Structure: Details of fees, commission rates, and payment terms
9. Termination: Conditions and process for ending the agreement
1. Exclusivity: Terms of exclusive appointment, used when the owner agrees to work exclusively with one agent
2. Marketing Strategy: Specific marketing approaches and commitments, included when detailed marketing plans are part of the agreement
3. Sub-Agents: Terms for appointing and managing sub-agents, used when sub-agents may be involved
4. International Marketing: Specific provisions for international marketing, included when property is marketed to overseas buyers
1. Property Details Schedule: Detailed description of the property including address, size, features
2. Commission Schedule: Detailed breakdown of commission structures and scenarios
3. Marketing Plan: Detailed marketing strategy and timeline
4. Required Documents: List of documents required from owner for marketing purposes
Relevant legal definitions
Agreement
Agency
Agent
Appointment Period
Commission
Confidential Information
Effective Date
Estate Agency Work
Exclusive Period
Marketing Materials
Owner
Property
Property Particulars
Prospective Buyer
Prospective Tenant
Sale Price
Services
Sub-Agent
Term
Transaction
Working Day
CEA
Estate Agents Act
Licensed Estate Agent
Practicing Certificate
Registration Number
Building
Common Property
Land Area
Permitted Use
Plot Ratio
Strata Title
Tenure
Booking Fee
Commission Rate
Deposit
Option Fee
Purchase Price
Rental Rate
Security Deposit
Stamp Duty
Agency
Agent
Appointment Period
Commission
Confidential Information
Effective Date
Estate Agency Work
Exclusive Period
Marketing Materials
Owner
Property
Property Particulars
Prospective Buyer
Prospective Tenant
Sale Price
Services
Sub-Agent
Term
Transaction
Working Day
CEA
Estate Agents Act
Licensed Estate Agent
Practicing Certificate
Registration Number
Building
Common Property
Land Area
Permitted Use
Plot Ratio
Strata Title
Tenure
Booking Fee
Commission Rate
Deposit
Option Fee
Purchase Price
Rental Rate
Security Deposit
Stamp Duty
Clauses
Appointment
Authorization
Commission
Confidentiality
Conflicts of Interest
Data Protection
Dispute Resolution
Due Diligence
Duration
Exclusivity
Force Majeure
Governing Law
Indemnification
Insurance
Intellectual Property
Liability
Marketing Rights
Non-Circumvention
Notices
Owner's Obligations
Professional Standards
Property Information
Record Keeping
Representation
Scope of Services
Severability
Sub-Agency
Termination
Variation
Warranties
Authorization
Commission
Confidentiality
Conflicts of Interest
Data Protection
Dispute Resolution
Due Diligence
Duration
Exclusivity
Force Majeure
Governing Law
Indemnification
Insurance
Intellectual Property
Liability
Marketing Rights
Non-Circumvention
Notices
Owner's Obligations
Professional Standards
Property Information
Record Keeping
Representation
Scope of Services
Severability
Sub-Agency
Termination
Variation
Warranties
Relevant Industries
Relevant Teams
Relevant Roles
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