Real Estate Advisory Services Agreement for Singapore

Real Estate Advisory Services Agreement Template for Singapore

A Real Estate Advisory Services Agreement under Singapore law establishes the terms and conditions for professional advisory services in the real estate sector. It outlines the scope of services, fee structures, and obligations of both parties while ensuring compliance with Singapore's Estate Agents Act and related regulations. The agreement covers critical aspects such as market analysis, property valuation, investment strategy, and transaction support, incorporating local property laws and professional standards established by the Council for Estate Agencies.

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What is a Real Estate Advisory Services Agreement?

The Real Estate Advisory Services Agreement is essential for formalizing professional relationships in Singapore's dynamic property market. This document is typically used when engaging specialized real estate consultants for strategic advice, market analysis, or transaction support. It ensures compliance with Singapore's regulatory framework, including the Estate Agents Act and CEA guidelines, while protecting both parties' interests. The agreement comprehensively covers service scope, compensation, confidentiality, and liability, adapting to various real estate sectors from commercial to residential properties.

What sections should be included in a Real Estate Advisory Services Agreement?

1. Parties: Identification and details of the advisor and client

2. Background: Context and purpose of the advisory relationship

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of advisory services to be provided

5. Fees and Payment Terms: Compensation structure and payment conditions

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

7. Confidentiality: Protection of confidential information

8. Liability and Indemnification: Allocation of risks and responsibilities

What sections are optional to include in a Real Estate Advisory Services Agreement?

1. Non-Competition: Restrictions on competitive activities - used when protecting market position is crucial

2. Force Majeure: Provisions for unforeseen circumstances - used when long-term commitments are involved

3. Insurance: Required insurance coverage - used when significant liability risks exist

4. Assignment: Rights to transfer obligations - used when potential corporate restructuring is anticipated

What schedules should be included in a Real Estate Advisory Services Agreement?

1. Schedule of Services: Detailed breakdown of specific advisory services

2. Fee Schedule: Detailed fee structure and payment milestones

3. Service Level Agreement: Performance metrics and service standards

4. Key Personnel: List of key team members and their roles

5. Compliance Requirements: Specific regulatory requirements and certifications

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

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Download a Standard Real Estate Advisory Services Agreement

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What is a Real Estate Advisory Services Agreement?

What sections should be included in a Real Estate Advisory Services Agreement?

What sections are optional to include in a Real Estate Advisory Services Agreement?

What schedules should be included in a Real Estate Advisory Services Agreement?

Authors

Alex Denne

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