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Exclusive Listing Agreement Template for Singapore

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Key Requirements PROMPT example:

Exclusive Listing Agreement

"I need an Exclusive Listing Agreement for a luxury condominium in Singapore's District 10, with a 6-month exclusivity period starting from January 2025, including specific performance targets and enhanced marketing obligations."

Document background
The Exclusive Listing Agreement is a crucial document in Singapore's real estate industry, used when property owners wish to engage a single agency for their property sale or lease. This agreement, regulated under Singapore's Estate Agents Act 2010, provides the appointed agency with exclusive rights to market the property, typically for a defined period of 8-12 weeks. It details commission structures, marketing obligations, property specifications, and termination conditions, offering protection to both the property owner and the agency while ensuring compliance with CEA guidelines.
Suggested Sections

1. Parties: Identification of property owner and real estate agency

2. Background: Context of the listing arrangement 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 listing agreement

6. Commission Structure: Fees, payment terms, and conditions

7. Obligations of Parties: Responsibilities of both agent and property owner

8. Termination: Conditions for ending the agreement

Optional Sections

1. Marketing Strategy: Specific marketing approaches, used when detailed marketing plan is required

2. Additional Services: Extra services beyond standard listing, included when offering premium service package

3. Performance Metrics: Specific targets and KPIs, used in high-value properties

Suggested Schedules

1. Property Details Schedule: Detailed description of property and specifications

2. Commission Schedule: Detailed breakdown of commission structure and payment terms

3. Marketing Plan: Detailed marketing strategy and timeline

4. Property Photographs: Visual documentation of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























Clauses


























Industries

Estate Agents Act 2010 (Cap. 95A): Primary legislation governing real estate agencies and agents in Singapore. Establishes licensing requirements, professional obligations, and defines the responsibilities of estate agents.

Estate Agents (Estate Agency Work) Regulations 2010: Subsidiary legislation detailing operational requirements for property transactions, prescribed forms and procedures, and specific requirements for exclusive listing agreements.

Council for Estate Agencies (CEA) Guidelines: Regulatory guidelines including professional service manual, practice guidelines, and code of ethics and professional client care for real estate agents.

Personal Data Protection Act 2012 (PDPA): Legislation governing the collection, use, and disclosure of personal data in Singapore, relevant for handling client information in real estate transactions.

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

Competition Act (Chapter 50B): Legislation ensuring fair competition practices, particularly relevant for exclusive arrangements in real estate listings.

Consumer Protection (Fair Trading) Act: Law protecting consumers against unfair practices, applicable to dealings with individual property owners in real estate transactions.

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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