The Builder Broker Agreement is essential in Singapore's real estate development sector, where it governs the relationship between property developers and real estate brokers. This document is typically used when a builder requires professional marketing and sales services for their development projects. The agreement encompasses commission structures, marketing obligations, compliance requirements under Singapore law, and performance expectations. It ensures both parties understand their roles and responsibilities while adhering to Singapore's regulatory requirements, including those set by the Building and Construction Authority and Council for Estate Agencies.
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1. Parties: Identifies and defines the Builder and Broker, including registration details and licensing information
2. Background: Explains the context of the agreement and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Scope: Details of the broker's appointment and scope of services
5. Term and Termination: Duration of the agreement and termination provisions
6. Commission Structure: Details of fees, commission rates, and payment terms
7. Obligations of the Broker: Broker's duties, responsibilities, and service standards
8. Obligations of the Builder: Builder's responsibilities and commitments
9. Compliance Requirements: Regulatory compliance obligations and industry standards
1. Marketing Requirements: Specific marketing obligations and standards when the broker is responsible for marketing activities
2. Exclusivity Provisions: Terms of exclusive rights granted to the broker, used when an exclusive arrangement is agreed
3. Performance Targets: Specific sales or performance metrics, included when performance-based conditions are required
4. Training Requirements: Specific training obligations for broker's staff when specialized product knowledge is required
1. Commission Schedule: Detailed breakdown of commission rates and calculation methods
2. Property Schedule: List of properties covered under the agreement
3. Marketing Guidelines: Specific requirements for marketing materials and activities
4. Service Level Agreement: Detailed performance metrics and service standards
5. Compliance Checklist: List of regulatory requirements and compliance obligations
6. Required Forms: Standard forms and documents required for transactions
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