The Commercial Real Estate Listing Agreement serves as the foundational document establishing the professional relationship between commercial property owners and real estate agencies in Singapore. This agreement is essential when property owners seek professional representation for marketing their commercial properties. It must comply with Singapore's Estate Agents Act 2010 and CEA regulations, detailing the scope of authority, commission structures, marketing commitments, and duration of the listing. The agreement protects both parties' interests while ensuring transparency and professional standards in commercial property transactions.
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Key Requirements PROMPT example:
Commercial Real Estate Listing Agreement
"Need a Commercial Real Estate Listing Agreement for my Grade A office building in Singapore's CBD, with exclusive rights for 12 months starting January 2025, including international marketing provisions and sub-agency arrangements."
1. Parties: Identification of property owner and real estate agency/agent
2. Background: Context of the listing arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Authority: Scope of agent's authority and nature of appointment
5. Property Description: Detailed description of the commercial property
6. Commission Structure: Terms of payment and commission rates
7. Duration: Term of the listing agreement
8. Obligations of Parties: Responsibilities of both agent and property owner
9. Termination: Conditions for ending the agreement
1. Exclusivity Clause: Terms of exclusive listing rights - used when offering exclusive listing rights to the agent
2. Marketing Plan: Specific marketing strategies and commitments - included when detailed marketing plans are required
3. International Marketing: Provisions for overseas marketing - included when targeting international buyers
4. Sub-Agency: Terms for involving other agents - used when allowing cooperation with other agencies
1. Property Details Schedule: Detailed technical specifications of the property
2. Commission Schedule: Detailed breakdown of commission structures and payment terms
3. Marketing Schedule: Detailed marketing plan and timeline
4. Property Documents: List of relevant property documents and certificates
5. Agency Credentials: Agent's licenses and qualifications
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