The Sole Agency Contract is essential for establishing exclusive representation rights in Singapore's property market. This document type is commonly used when property owners seek dedicated, focused marketing efforts from a single agent or agency. The contract, regulated under Singapore's Estate Agents Act 2010, provides clear parameters for the exclusive relationship, including commission structures, marketing commitments, and service obligations. It's particularly valuable for high-value properties or situations requiring concentrated marketing efforts, and typically includes specific provisions for both residential and commercial properties. The Sole Agency Contract helps prevent multiple-agency conflicts while ensuring professional service standards are maintained under Singapore's regulatory framework.
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1. Parties: Details of the estate agent/agency and the client
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of sole agency appointment and services covered
5. Duration: Term of the agreement including start and end dates
6. Commission Structure: Fees, payment terms and conditions
7. Agent's Obligations: Duties and responsibilities of the agent
8. Client's Obligations: Duties and responsibilities of the client
9. Termination: Conditions and process for ending the agreement
1. Marketing Strategy: Detailed marketing plan and activities, used when specific marketing commitments are agreed
2. Performance Metrics: Specific targets or KPIs, used when performance measures are required
3. Sub-Agents: Terms for involving other agents, used when sub-agents may be required
4. International Marketing: Specific provisions for international marketing, used for high-value properties
1. Property Details Schedule: Detailed description of the property and its features
2. Commission Schedule: Detailed breakdown of commission structure and calculations
3. Marketing Plan: Detailed marketing activities and timeline
4. Required Documents: List of documents required from the client
5. Agent's Credentials: Proof of registration and relevant certifications
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