The Real Estate Agent Referral Agreement is essential for formalizing referral arrangements between licensed real estate agents in Singapore. This document is typically used when agents wish to establish a formal referral relationship, whether for one-time transactions or ongoing collaborations. It outlines commission structures, responsibilities, and compliance requirements under Singapore's Estate Agents Act 2010 and CEA guidelines. The agreement provides legal protection for all parties involved and ensures transparency in referral arrangements while maintaining professional standards in the real estate industry.
Real Estate Agent Referral Agreement for Singapore
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Key Requirements PROMPT example:
Real Estate Agent Referral Agreement
"I need a Real Estate Agent Referral Agreement for my Singapore-based agency to establish a referral partnership with an international property consultancy firm, focusing on luxury residential properties with commission rates starting at 20% of the total commission earned."
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OR
1. Parties: Identification of referring and receiving agents/agencies
2. Background: Context of the referral arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Referral Arrangement: Details of referral services and obligations
5. Commission Structure: Terms of payment and commission splitting
6. Confidentiality: Protection of confidential information and client data
7. Term and Termination: Duration and termination provisions
8. Governing Law: Specification of Singapore law as governing law
1. Non-Competition: Restrictions on competing activities between the parties
2. Marketing and Branding: Guidelines for using each other's brands and marketing materials
3. Insurance: Insurance requirements and liability coverage provisions
4. Force Majeure: Provisions for handling unforeseen circumstances and events beyond parties' control
1. Commission Schedule: Detailed breakdown of commission rates and calculation methods
2. Referral Process: Step-by-step process for handling referrals
3. Required Documentation: List of documents needed for referral processing
4. Contact Information: Key contacts and communication protocols for both parties
Authors
Relevant legal definitions
Clauses
Referral Terms
Commission Structure
Payment Terms
Confidentiality
Data Protection
Representations and Warranties
Scope of Services
Term and Termination
Non-Solicitation
Non-Competition
Indemnification
Force Majeure
Dispute Resolution
Assignment
Notices
Governing Law
Entire Agreement
Severability
Amendment
Regulatory Compliance
Commission Structure
Payment Terms
Confidentiality
Data Protection
Representations and Warranties
Scope of Services
Term and Termination
Non-Solicitation
Non-Competition
Indemnification
Force Majeure
Dispute Resolution
Assignment
Notices
Governing Law
Entire Agreement
Severability
Amendment
Regulatory Compliance
Relevant Industries
Relevant Teams
Relevant Roles
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