Buyer Agency Agreement

Buyer Agency Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Buyer Agency Agreement for a Singapore-based foreign investor client looking to purchase luxury residential properties with a budget of $5M+, requiring exclusive representation for a 6-month period starting January 2025."

Document background

The Buyer Agency Agreement is a crucial document in Singapore's real estate transactions, designed to protect both buyers and agents in property purchases. This agreement establishes the formal relationship between a property buyer and their chosen real estate agent, defining the agent's authority to act on the buyer's behalf. It must comply with Singapore's Estate Agents Act and CEA guidelines, including mandatory terms and conditions. The document typically covers commission structures, service scope, exclusivity terms (if applicable), and the duration of representation. It's particularly important in Singapore's competitive property market where clear representation terms are essential for successful transactions.

Suggested Sections

1. Parties: Identification of the buyer and the agent/agency

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of agent appointment and services to be provided

5. Duration: Term of the agreement including start and end dates

6. Agent's Obligations: Duties and responsibilities of the agent

7. Client's Obligations: Duties and responsibilities of the buyer

8. Commission Structure: Details of fees, commission rates, and payment terms

9. Termination: Conditions and process for ending the agreement

Optional Sections

1. Exclusivity Clause: Used when the agreement is exclusive, preventing client from engaging other agents

2. Property Requirements: Specific criteria for properties the buyer is seeking

3. International Considerations: Special terms for foreign buyers and compliance with Residential Property Act requirements

Suggested Schedules

1. Commission Schedule: Detailed breakdown of commission structure and calculations

2. Property Requirements Schedule: Detailed list of buyer's property requirements and preferences

3. Agent's Credentials: Copy of agent's license and professional certifications

4. CEA Prescribed Forms: Standard forms required by Council for Estate Agencies

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Property Development
Investment
Real Estate Advisory

Relevant Teams

Real Estate Operations
Legal
Compliance
Client Services
Business Development

Relevant Roles

Real Estate Agent
Property Consultant
Real Estate Manager
Compliance Officer
Legal Counsel

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Let's create your Buyer Agency Agreement

Authors

Alex Denne

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