The Real Estate Agent Buyer Agreement is a crucial document in Singapore's property market that formalizes the relationship between licensed real estate professionals and property buyers. This agreement is designed to comply with Singapore's Estate Agents Act 2010 and related regulations, providing clear guidelines for the agent's services, responsibilities, and compensation structure. It's particularly important in Singapore's regulated real estate environment, where agents must be licensed by the Council for Estate Agencies (CEA) and follow strict professional guidelines. The agreement typically covers property search parameters, viewing arrangements, negotiation services, and transaction support, while protecting both parties' interests under Singapore law.
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1. Parties: Identification of the real estate agent and the buyer, including license numbers and contact details
2. Background: Context of the agreement and general purpose
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided by the agent
5. Agent's Obligations: Primary responsibilities and duties of the agent
6. Buyer's Obligations: Primary responsibilities and duties of the buyer
7. Commission Structure: Details of fees, commission rates, and payment terms
8. Term and Termination: Duration of agreement and termination provisions
9. Confidentiality: Protection of confidential information
1. Exclusive Rights: Additional terms when establishing an exclusive agency relationship
2. Property Requirements: Specific criteria for property search when buyer has specific requirements
3. International Property Provisions: Additional terms for overseas property transactions
4. Multiple Agent Coordination: Terms for working with other agents when multiple agents may be involved
1. Schedule of Fees: Detailed breakdown of all fees and charges
2. Property Requirements Checklist: Detailed list of buyer's property requirements
3. Agent's License and Credentials: Copies of relevant licenses and certifications
4. Service Level Agreement: Detailed performance standards and metrics
Relevant legal definitions
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