The Sole Agency Agreement is a crucial document in Singapore's real estate industry, used when a property owner wishes to grant exclusive rights to a single agent or agency for the marketing and transaction of their property. This agreement, governed by Singapore law and CEA regulations, provides clarity on the agent's exclusive authority, prevents multiple agents from marketing the same property, and establishes clear terms for commission and service delivery. It's particularly important for high-value properties or those requiring specialized marketing efforts, and includes specific provisions for commission protection, marketing obligations, and termination conditions.
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1. Parties: Identification of the estate agent and the client
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 exclusive agency
6. Commission Structure: Fees, payment terms, and conditions
7. Agent's Obligations: Duties and responsibilities of the agent
8. Client's Obligations: Duties and responsibilities of the client
9. Termination: Conditions for ending the agreement
1. Marketing Plan: Detailed marketing strategy and activities for high-value properties requiring specific marketing efforts
2. Performance Targets: Specific goals and timelines when client requires measurable outcomes
3. Sub-Agency Rights: Rights to appoint sub-agents for complex properties requiring multiple agents
4. International Marketing: Overseas marketing provisions for luxury or investment properties targeting foreign buyers
1. Property Details Schedule: Detailed description of the property and its specifications
2. Commission Schedule: Detailed breakdown of commission structure and payment terms
3. Marketing Schedule: Detailed marketing plan and timeline
4. Required Documents Checklist: List of documents required from the client
5. CEA Prescribed Forms: Standard forms required by the Council for Estate Agencies
Relevant legal definitions
Clauses
Appointment and Authority
Duration and Term
Commission and Payment
Exclusive Rights
Agent's Obligations
Client's Obligations
Marketing Services
Property Information
Confidentiality
Data Protection
Termination
Force Majeure
Indemnification
Warranties and Representations
Dispute Resolution
Assignment
Notices
Governing Law
Entire Agreement
Severability
Variation
Third Party Rights
Professional Standards
Commission Protection
Marketing Expenses
Sub-Agency
Performance Standards
Record Keeping
Duration and Term
Commission and Payment
Exclusive Rights
Agent's Obligations
Client's Obligations
Marketing Services
Property Information
Confidentiality
Data Protection
Termination
Force Majeure
Indemnification
Warranties and Representations
Dispute Resolution
Assignment
Notices
Governing Law
Entire Agreement
Severability
Variation
Third Party Rights
Professional Standards
Commission Protection
Marketing Expenses
Sub-Agency
Performance Standards
Record Keeping
Relevant Industries
Relevant Teams
Relevant Roles
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