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Commercial Real Estate Listing Agreement

Commercial Real Estate Listing Agreement Template for Singapore

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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."

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Document background
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.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Industries

Estate Agents Act 2010: Primary legislation regulating real estate agencies and agents in Singapore, establishing licensing requirements, and defining duties and obligations of property agents

Council for Estate Agencies (CEA) Regulations: Regulatory framework setting professional standards, guidelines, prescribed forms, fee structures, and code of ethics for real estate agents

Property Agents Rules: Specific rules governing commission structures, marketing requirements, and disclosure obligations for property agents

Residential Property Act: Legislation primarily for residential property but with provisions that may apply to mixed-use developments

Sale of Commercial Properties Act: Regulations specifically governing commercial property transactions and related disclosure requirements

Contract Law (Chapter 53): Fundamental law governing contract formation, terms and conditions, and rights and obligations of contracting parties

Personal Data Protection Act 2012: Legislation governing the handling of client information, privacy requirements, and data protection obligations

Planning Act: Law governing zoning requirements, usage restrictions, and development controls for properties

Competition Act: Legislation ensuring fair competition practices and preventing anti-competitive behavior in the real estate market

GST Act: Tax legislation affecting commercial property transactions and related tax obligations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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