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Posts Tagged ‘CEA’

Posted by Singapore Property Match on February 21, 2012

Executive Condominium (EC) project at Pasir Ris Drive 3 / Pasir Ris Link.

Koon Holdings Ltd, one of Singapore’s leading construction specialists, has announced that its wholly-owned subsidiary, GPS Alliance Development & Investment Ltd, has entered into a joint venture (JV) to develop an Executive Condominium (EC) project at Pasir Ris Drive 3 / Pasir Ris Link.(Can SMS www.marktan.name 938-747-86 request for update when showflat is ready)

Under the terms of the agreement, GPS Alliance Development will own a 15 percent stake, while Ho Lee Group Ltd, Maxdin Ltd and EVIA Real Estate Ltd will hold a 21 percent, 30 percent and 34 percent share respectively.

Ho Lee Group Ltd and Maxdin Ltd have been awarded the tender for the EC site at Pasir Ris Drive 3 / Pasir Ris Link at the tender price of S$122.2 million.

Tan Thiam Hee, Managing Director and Chief Executive Officer of Koon, said the recent move by the government to raise the income ceiling for those eligible for EC housing “has further boosted the demand for ECs. Other than this site, there is no other supply of new EC projects in the Pasir Ris area in the immediate future.”

“Demand is likely to come from the potential upgraders currently living in Pasir Ris and Tampines new towns and those working in the eastern part of Singapore. In view of these trends, we have decided to participate in this landmark residential property development. In addition, our real estate agency unit, GPS Alliance, will be responsible for the marketing strategy and sales of this residential development.”

The group will finance its equity shareholding stake in the JV Company through funds. It is not expected to have an impact on the group’s performance for the current financial year.

Can SMS www.marktan.name 938-747-86 request for update when showflat is ready

E-mail mark.tan@gps.com.sg

To contact the journalist, you may send your message to editor@propertyguru.com.sg

Executive Condominium-EC Launch

Posted in Property News | Tagged: alliance development, CEA, DTZ, DW, ec flat, ec project, ec projects, ERA, Executive Condominium, gps, gps alliance, hdb, HSR, htn, iea, jv company, lee group, MRT, ntuc, Pasir Ris Drive 3, residential property development, saea, tender price | 1 Comment »

The executive condominium- Pasir Ris Town-Pasir Ris Drive 3 and Pasir Ris Link

Posted by Singapore Property Match on January 26, 2012

The executive condominium is usually found right in the heartlands. Many an executive condomnium is conveniently located near the town centre. This means amenities such as schools, eateries, shops and even a supermarket can be reached within minutes from the executive condominium.The executive condominium is much like the private condominium. The difference lies in the affordability of the executive condominium. There are however, some HDB procedures and policies to follow if you wish to purchase an executive condominium. Despite this, the executive condominium is in demand and the market for it will continue to grow. Catch the opportunity before it slips you by!

Located within Pasir Ris Town, this EC site is well-served by an efficient transport network that connects residents to the Pasir Ris MRT station and the Pasir Ris Bus Interchange. It is also located near the expressways like the TPE, ECP and PIE.Located fairly close to neighbourhood amenities (some minmarts, coffee shops etc)It is also within walking distance to Downtown East, where you find a NTUC and all kinds of F&B outlets.

Parents who need to put their kids into primary schools will be pleased to know that there are several school to choose like Casuarina Primary, Loyang Primary, Pasir Ris Primary and Coral Primary

Executive Condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Link,

Register Your Interest For Pre Launch Preview

Please email me @ mark.tan@gps.com.sg for update on Executive Condo Launch and Project Info.

Plus SMS update you when more details of the new Pasir Ris EC launch is confirmed.

Please Register by Email or SMS me

@ 938-747-86

www.marktan.name

www.gpsalliancesingapore.com

Posted in Property News | Tagged: apt for sale, Baysuites singapore, casino, cbre, CEA, Condo For Sale, condo near mrt, DW, ec, ec flat, EC new launch, ERA, Executive Condominium, Executive Condominium for sale, Far East Organization, Far East Organization FEO, feo, feo agent, feo development, For sale, General News, gps alliance, gpsa, hdb, HSR, HSR Agent, hsr property, hsr property agent.hsr agent, HSR Property Group, iea, KF, luxury property, marina bay suites, Mark Tan, market report, MRT, near mrt, new launches, new Launching, new project, ot, Owner Selling, PASIR RIS BEACH PARK, Pasir Ris Drive 3, PN, saea, seastrand, Singapore, singapore casino, singapore condo for sale, Singapore Private Apartment For Sale N For Rent Directory, Singapore Property, singapore property market, Singapore Property News, singapore sentosa, universal studios | Leave a Comment »

Pasir Ris EC site sells for S$122m

Posted by Singapore Property Match on January 9, 2012

An Executive Condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Link has been sold to Ho Lee Group Ltd & Maxdin Ltd, after offering the highest bid of S$122.20 million (S$291 psf ppr) in a state tender that closed on 11 October 2011.

Can SMS www.marktan.name 938-747-86 request for update when showflat is ready

The site, which was launched for sale on 25 August 2011, is zoned for EC housing and could possibly yield up to 390 condo units. It has a total area of 18,576.1 sq m and a maximum gross floor area (GFA) of 39,009.81 sq m, with a gross plot ratio of 2.1.

Chia Siew Chuin, Director of Research & Advisory at Colliers International, said “new EC units at the site are likely to breakeven at about S$580-610 psf,” given its S$291 psf ppr land cost.

She added that site psf price is also some 10.8 percent above the land price achieved for the Belysa EC site located on Elias Road / Pasir Ris Drive 1, which was awarded in October 2010.

Li Hiaw Ho, Executive Director at CB Richard Ellis (CBRE) Research, agreed and noted that the 315-unit Belysa EC at Elias Road, which was launched on 11 May at S$670 psf, “was fully sold within one month.”

“The newest EC project, Arc At Tampines (574 units) at Tampines Avenue 8, reportedly sold more than 300 units in the past month. It was launched at the end of August 2011 at $720 psf. A new EC project on the subject site, which can yield around 390 units, may be priced at similar levels.”

He added that the site “is about 10 minutes’ walk from Downtown East and E!hub @ Downtown East. White Sands shopping mall and Pasir Ris MRT station/bus interchange are a short drive away. Future residents will be able to walk to Pasir Ris Park and the beach.”

pasir-ris-ec-site

Can SMS www.marktan.name 938-747-86 request for update when showflat is ready

To contact the journalist, you may send your message to editor@propertyguru.com.sg

Posted in Property News | Tagged: General News, Singapore, Singapore Property News, Condo For Sale, ERA, KF, PN, Mark Tan, HSR Agent, new launches, hdb, saea, iea, feo, condo near mrt, cbre, For sale, feo development, feo agent, Far East Organization FEO, PASIR RIS BEACH PARK, CEA, DW, HSR, ec flat, ec, ot, new Launching, new project, Executive Condominium, Pasir Ris Drive 3, Executive Condominium for sale, EC new launch, seastrand, Far East Organization | 2 Comments »

Foreigner share of resale ECs spikes to 49%

Posted by Singapore Property Match on January 9, 2012

Foreigner share of resale ECs spikes to 49% By Mindy Tan

SALES of completed executive condominiums (ECs) on the resale market saw a surge of interest from foreigners in the first 11 months of 2011. Sales of new units too locked in a record number of transactions from January to November last year.

Foreigners, including permanent residents (PRs), bought 383 resale ECs in the first 11 months of 2011, exceeding the 322 units which were purchased for the whole of 2010, said property market research firm R’ST Research.

This accounts for 49 per cent of the 775 resale ECs transacted in 2011, up from the 33 per cent recorded.

Looking specifically at foreigners who are non-PRs, 108 EC transactions were made, more than twice the 49 units bought in 2010. The bulk of these purchases were by Chinese nationals (70 transactions) and Indian nationals (19 transactions).

On the developer sales front, 2,058 EC units were transacted in the developer (new) sales market. This marked fresh records for both new sales, and total EC transactions. The latter saw a total of 2,833 EC units purchased within the 11 months, breaching the last peak of 1,876 units in 1998.

ECs – a hybrid between public and private homes – come with condo facilities, but cost less than a private condo. They have initial sale restrictions similar to those for public housing, such as a minimum occupation period of five years.

After five years, they can be sold to Singaporeans and PRs. They are fully converted to private housing after 10 years – it is then that they can be bought by foreigners who are not PRs.

Supply of ECs will be further ramped up this year, with the government ready to release sites for up to 5,000 EC units through the Government Land Sales (GLS) programme – sites for 3,000 units will be launched in the first half of 2012, under the Confirmed List, comparable to the 3,000 EC units from five sites sold for the whole of 2011.

According to Ong Kah Seng, director at R’ST Research, the buoyant sales activity can be attributed to the attractive pricing ECs offer.

‘Various EC projects were launched from end 2010 and received good buying interest amid the economic slowdown,’ he noted. ‘In fact, due to a significant run up in private condominium prices translating to record selling prices, ECs became an attractive alternative.’

Joseph Tan, executive director, residential, CBRE, agreed, noting that ECs are always relatively more affordable, given that their average prices are some 20 per cent to 25 per cent below those of new 99-year-leasehold private condominiums in the same neighbourhood.

There is also the issue of supply, he pointed out.

Eight EC sites were sold via the GLS programme in 2010, after a hiatus of six years. Three new projects were launched in 2010, with the remaining five launched in 2011.

Alan Cheong, associate director of Savills research and consultancy, added: ‘ECs were designed for family units. They have sizes between 900 to 1,300 sq ft. That makes it attractive for owner occupiers (with families).’

On the resale front, 775 resale EC units were transacted in the first 11 months of 2011, according to R’ST Research.

Of this, 383, or 49 per cent, were purchased by foreigners (including PRs). Mainland Chinese, Indian nationals and Malaysians accounted for the bulk of the purchases.

Sales data showed that for the eleven months, mainland Chinese bought 151 resale EC units, followed by Indian nationals with 118 resale units, and Malaysians at 62 resale units.

Foreigners (non-PRs) bought 108 EC units in the first 11 months.

One of the key reasons for the surge in foreign interest lies in ECs’ attractive pricing, with resale units about 13 per cent below those of private resale homes in similar locations, said CBRE’s Mr Tan.

The top-selling EC projects in 2011 included Prive (537 units), Blossom Residences (293 units) and Belysa (278 units).

On the resale front, the top-selling projects were Northoaks (81 units), Woodsvale (75 units) and The Floravale (62 units).

Looking ahead, R’ST Research’s Mr Ong expects the strong buying interest to continue into 2012, in part supported by the recent raising of buyers’ income ceiling from $10,000 to $12,000.

‘However, there may be a handful of home seekers who are waiting for prices of private residential properties to fall in 2012 in view of the ample supply, challenging economic conditions, and private residential cooling measures,’ he added.

‘As such, buyers are unlikely to rush into purchasing an EC unless it fits into his property buying requirements. The overall buying interest for ECs is expected to be encouraging, but not excessively optimistic.’

This article was first published in The Business Times.

Executive Condominium (EC) project at Pasir Ris Drive 3 / Pasir Ris Link.

Ho Lee Group Ltd and Maxdin Ltd have been awarded the tender for the EC site at Pasir Ris Drive 3 / Pasir Ris Link at the tender price of S$122.2 million.

The group will finance its equity shareholding stake in the JV Company through funds. It is not expected to have an impact on the group’s performance for the current financial year.

Can SMS www.marktan.name 938-747-86 request for update when showflat is ready

To contact the journalist, you may send your message to editor@propertyguru.com.sg

Posted in Property News | Tagged: ERA, DTZ, KF, hdb, saea, iea, cbre, singapore property launch, New Launch, CB Richard Ellis CBRE, Pasir Ris Avenue/Central/Close/Green /Heights/Lane/Road/Terrace /View/Way, CEA, DW, HSR, ec flat, ec for sale, ec, MRT, ot, htn, new Launching, Executive Condominium, Pasir Ris Drive 3, resale ECs, Pasir Ris, Pasir Ris Link, Executive Condominium for sale, EC launch, EC new launch, ec transactions, executive condominiums, indian nationals, chinese nationals, occupation period, condo facilities | Leave a Comment »

Executive Condominium (EC) project at Pasir Ris Drive 3 / Pasir Ris Link.

Posted by Singapore Property Match on January 9, 2012

Executive Condominium (EC) project at Pasir Ris Drive 3 / Pasir Ris Link.

Ho Lee Group Ltd and Maxdin Ltd have been awarded the tender for the EC site at Pasir Ris Drive 3 / Pasir Ris Link at the tender price of S$122.2 million.

The group will finance its equity shareholding stake in the JV Company through funds. It is not expected to have an impact on the group’s performance for the current financial year.

Can SMS www.marktan.name 938-747-86 request for update when showflat is ready

To contact the journalist, you may send your message to editor@propertyguru.com.sg

Mark Tan Jee Horng From GPS Alliance CEA Reg No:R032504C H/P 938-747-86

Posted by Singapore Property Match on October 26, 2011

Mark Tan Jee Horng From GPS Alliance

http://www.gpsalliancesingapore.com

CEA Reg No:R032504C H/P 938-747-86

Singapore Property Wanted For Rent In All Area.

Landlords or owner who are planning to rent or lease out your hdb flat/house/landed/condo/aparment/townhouse/shophouse are
welcome to contact us for no-obligation consultation on your property.

Landlord/Owner Do you have problems finding the tenant or expat for your property?

Tenant/Expat cannot find the right property? – Not enough time to search?

We provide condominium, private apartment, HDB flat and house
renting services in all areas for all Tenant and Expat.

All Area Property Wanted For Rent By Expat.

HDB flats wanted
Condo wanted
Apartment wanted
Landed property wanted
Commercial property wanted

www.marktan.name

http://www.marktan.name/

Posted in Condo For Rent, Condo For Sale | Tagged: 93874786, agent, CEA, gps alliance, iea, Mark Tan, marktan, R032504C, saea | Leave a Comment »

When property agents advertise without permission …

Posted by Singapore Property Match on September 25, 2011

TODAYonline | Voices | When property agents advertise without permission ….

My experience seems like a case study for why “Fake property ads still vex despite measures” (Sept 2).

Two months ago, I tried to sell my Housing and Development Board flat via three of my friends who are property agents. I was told the importance of getting a sole agent, but I thought fair competition was necessary since all three friends were dear to me.

Then, other agents learned about my unit being on sale and offered to bring buyers to see my flat. The competition was welcomed, on the condition that they could not advertise. But they did, online.

The Council for Estate Agencies said I had no case, for two reasons.

One, the agents did not mention which unit they were advertising. Hence, they could be advertising for another unit. Two, the agents used generic photographs, which did not show the interior of my unit.

The reasons are valid. However, CEA could not respond to my request for documented proof that the agents had permission to advertise for any of the units in my HDB block.

In my view, infringement of property advertising guidelines will remain an issue if the agency in charge is unwilling to enforce the rules. I look forward to more serious enforcement to raise the professional standards of property agents in the future.

Posted in 1 | Tagged: CEA, DW, ERA, gps, hdb, HSR, htn, iea, ot, PN, saea, salesperson | Leave a Comment »

NTUC-IEA Singapore reaches out with U Associate Programme

Posted by Singapore Property Match on August 8, 2011

NTUC reaches out to Professionals, Managers and Executives
through U Associate Programme

NTUC-IEA Partnership Agreement

The National Trades Union Congress (NTUC) and the Institute of Estate Agents (IEA), Singapore signed a Partnership Agreement today as part of the Labour Movement’s efforts to reach out and serve more professionals, managers and executives (PMEs). Mr Patrick Tay, Director (PMEs & Legal Services), NTUC and MP for Nee Soon GRC, was the Guest-of-Honor at the signing ceremony.

The agreement, signed by Mr Herman Yeo, Chairperson (Membership) of IEA and Mr Vivek Kumar, Director (Membership) of NTUC, and witnessed by NTUC Secretary General Lim Swee Say, marks the beginning of a close partnership between the Labour Movement and the IEA. Close to 1800 IEA members can now enjoy the convenience of dual privileges offered by the Labour Movement and IEA under this program, with just one membership!

U Associate Programme

The U Associate programme was launched in March 2011 to extend the Labour Movement’s reach to PMEs through existing industry associations, alumni clubs, etc. U Associate program is designed to help our partner associations grow.

The first U Associate partner was Nanyang Technological University Alumni Club (NTU AC). Today, over 3,000 NTU Alumni Club members are enjoying the U Advantage of NTUC Membership under the U Associate Programme. Under the U Associate Programme, members can also look forward to special engagement activities specially crafted to meet their lifestyle needs. For example, NTUC & NTU Alumni Club co-hosted a U Family Night Out event on 15 July 2011 for U Associate members to enjoy an evening of plays, skits, and pure family fun!

Upcoming U Privileges for IEA Members

Vivek Kumar noted, “Council for Estate Agencies (CEA) now requires Real Estate professionals to continually up-skill themselves. NTUC-IEA U Associate members can now tap into UTAP (Union Training Assistance Program), a training subsidy of $250 offered by NTUC to all its members for identified courses on co-sharing basis. We are pleased to announce that UTAP has been extended to three IEA training programmes, namely the RES (Real Estate Salesperson Course), REA (Real Estate Agency Course) and CPD Activities (Continuing Professional Development) are compulsory courses that IEA members and all registered practitioners have to attend annually to ensure skills competency and professionalism across the real estate agency industry. Completing these courses are a requirement for renewal of registration or licensing by CEA.”

Mr Mohamed Ismail said, “With 30,000 estate agents in the industry, IEA and NTUC believe it is important to reach out to them through a holistic framework that includes supporting them not only in life and at play, but with their career development too.”

PMEs Outreach

Speaking on the occasion, Guest-of-Honor Mr Patrick Tay said, “The number of PMEs is expected to rise in the near future as better educated and younger residents join the workforce. We wish to build a community for PMEs where they can enjoy the privileges relevant to them, and more importantly, voice their opinions and concerns as part of the community. We will raise these at relevant forums so they can get a career mobility that would make them feel enriched, and a lifestyle they’d like to enjoy. IEA and NTU Alumni Club members would form a critical part of this PME Community.”

Conclusion

U Associate program is a new way for NTUC to intensify its outreach to PMEs through existing professional associations & clubs. NTUC will strive to work towards achieving sustainable growth for a stronger economy and inclusive growth for an inclusive workforce, so as to help working people of all collars, ages and nationalities live a better life through better skills, better jobs and better pay.

Aug 05, 2011 – By: NTUC-IEA

Posted in 1, Property News | Tagged: CEA, iea, ntuc, saea | Leave a Comment »

Koon Holdings on Friday announced it has acquired a 51 per cent stake in Singapore-based real estate agency GA Property Management (GAPM) for S$3 million.

Posted by Singapore Property Match on July 2, 2011

Koon Holdings acquires 51% stake in GA Property Management

SINGAPORE : Koon Holdings on Friday announced it has acquired a 51 per cent stake in Singapore-based real estate agency GA Property Management (GAPM) for S$3 million.GAPM is an investment holding firm that owns real estate agency Global Property Strategic Alliance, which is involved in a range of real estate services including corporate leasing services, investment sales and en-bloc sales.

Managing director and CEO of Koon, Tan Thiam Hee, said GAPM’s business activities are a valuable addition to its enhanced business model, and would further support its overall growth plan.

The founders of GAPM, Jeffrey Hong and Dennis Yong, who are veterans in Singapore’s real estate, said they are confident of the long-term growth prospects and the business opportunities from this latest acquisition.

GAPM is an
investment holding firm that owns real estate agency Global Property
Strategic Alliance, which is involved in a range of real estate services
including corporate leasing services, investment sales and en-bloc
sales.

- CNA/ms

Posted in 1, Property News | Tagged: CEA, CEA Singapore, gps alliance, gps property, gpsa, hdb, real estate | Leave a Comment »

The Estate Agents Act 2010, which was announced, requires property agents to comply with the Code of Ethics and Professional Client Care

Posted by Singapore Property Match on November 4, 2010

1S644/2010 FirstpublishedintheGovernmentGazette,ElectronicEdition,on29thOctober2010at5:00pm. NO.S644 ESTATEAGENTSACT2010 (ACT25OF2010) ESTATEAGENTS (ESTATEAGENCYWORK) REGULATIONS2010 ARRANGEMENTOFREGULATIONS PARTI PRELIMINARY Regulation 1.Citationandcommencement 2.Definitions PARTII CODESGOVERNINGPROFESSIONAL PRACTICE,ETHICSANDCONDUCT 3.CodeofEthicsandProfessionalClientCare 4.CodeofPracticeforEstateAgents PARTIII REGULATIONOF ESTATEAGENCYWORK 5.Nodualrepresentation 6.Noreferralstomoneylenders 7.Noholdingoftransactionmonies 8.UseofCouncilsymbolsandrepresentations 9.Displayofestateagentcard PARTIV PRESCRIBEDESTATEAGENCY AGREEMENTS 10.Prescribedestateagencyagreements 11.Exclusionfromscopeofsection44 S644/20102 Regulation 12.Clienttobeinformedofinabilitytopeformagreement PARTV PROFESSIONALINDEMNITYINSURANCE 13.Professionalindemnityinsurancerequirements 14.Estateagencyworknottobeperformedwithoutinsurancecover PARTVI CONTINUINGPROFESSIONALDEVELOPMENT 15.Continuingprofessionaldevelopmentprogrammes 16.Minimumcontinuingprofessionaldevelopmentrequirements TheSchedules Inexerciseofthepowersconferredbysections42,44and72of theEstateAgentsAct2010,theCouncilforEstateAgencies,with theapprovaloftheMinisterforNationalDevelopment,herebymakes thefollowingRegulations: PARTI PRELIMINARY Citationandcommencement 1.—(1)TheseRegulationsmaybecitedastheEstateAgents (EstateAgencyWork)Regulations2010andshall,withtheexception ofregulation9andPartsIV,VandVI,comeintooperationon 15thNovember2010. (2)PartsIV,VandVIshallcomeintooperationon1stJanuary 2011. (3)Regulation9shallcomeintooperationon1stMarch2011. Definitions 2.IntheseRegulations,unlessthecontextotherwiserequires— ‘‘commercialorindustrialproperty’’meanspropertyotherthan residentialproperty; 3S644/2010 ‘‘developer’’meansanypersonwhoconstructsorcausestobe constructedpropertyforsaleorleasetootherpersons; ‘‘HDBproperty’’meansanypropertywhichwassoldorleased bytheHousingandDevelopmentBoardundertheHousing andDevelopmentAct(Cap.129); ‘‘lease’’includesanagreementforalease; ‘‘residentialproperty’’hasthesamemeaningassignedtoitin theResidentialPropertyAct(Cap.274). PARTII CODESGOVERNINGPROFESSIONAL PRACTICE,ETHICSANDCONDUCT CodeofEthicsandProfessionalClientCare 3.Everylicensedestateagentandeveryregisteredsalesperson shallobserveandcomplywiththeCodeofEthicsandProfessional ClientCaresetoutintheFirstSchedule. CodeofPracticeforEstateAgents 4.Everylicensedestateagentshallobserveandcomplywiththe CodeofPracticeforEstateAgentssetoutintheSecondSchedule. PARTIII REGULATIONOF ESTATEAGENCYWORK Nodualrepresentation 5.—(1)Nosalespersonorestateagentwhoisanaturalperson shall,inrespectofthesameproperty,haveasclientsbothvendorand purchaserorbothlandlordandtenant. (2)Paragraph(1)appliesregardlessoftheconsentoragreementof theclientorofanyorallthepartiestotherelevanttransaction. (3)Anypersonwhocontravenesparagraph(1)shallbeguiltyof anoffenceandshallbeliableonconvictiontoafinenotexceeding $25,000ortoimprisonmentforatermnotexceeding12monthsor toboth. S644/20104 Noreferralstomoneylenders 6.—(1)Noestateagentorsalespersonshall— (a)introduce,referorrecommendaclienttoanymoneylenderor otherwisesuggesttheuseoftheservicesofanymoneylender; or (b)receiveanycommission,reward,fee,paymentorother benefitwhatsoeverfromanymoneylenderinrespectofany moneylendingtransaction. (2)Anypersonwhocontravenesparagraph(1)shallbeguiltyof anoffenceandshallbeliableonconvictiontoafinenotexceeding $25,000ortoimprisonmentforatermnotexceeding12monthsor toboth. Noholdingoftransactionmonies 7.—(1)Noestateagentorsalespersonshallholdorhandleany moneyfororonbehalfofanypartyinrelationtoanyofthefollowing propertytransactions: (a)thesaleorpurchaseofanypropertysituatedinSingapore; and (b)theleaseofHDBproperty. (2)Paragraph(1)shallnotpreventanyestateagentorsalesperson from— (a)deliveringonbehalfofanypartyacrossedaccountpayee chequeorcashier’sorderdrawninfavourofanotherpartyto thetransaction;or (b)receivingsuchremunerationorreimbursementinrelationto themanagement,repairorrenovationofthepropertyas theestateagentorsalespersonmaybeentitledtounder awrittencontractorauthorisation. (3)Anypersonwhocontravenesparagraph(1)shallbeguiltyof anoffenceandshallbeliableonconvictiontoafinenotexceeding $10,000ortoimprisonmentforatermnotexceeding6monthsorto bothand,inthecaseofacontinuingoffence,toafurtherfinenot exceeding$500foreverydayorpartthereofduringwhichtheoffence continuesafterconviction. 5S644/2010 UseofCouncilsymbolsandrepresentations 8.—(1)Noestateagent,salespersonoranyotherpersonshall, exceptwiththeexpresswrittenpermissionoftheCouncil— (a)useanyname,symbol,markorrepresentationthatisidentical toorwhichincorporatesorresemblesthatoftheCouncil;or (b)useInternetdomainnames,WorldWideWebaddresses oremailaddressesthatincorporatecharacters,initialsor representationsoftheCouncilwhichmaydeceiveorcause confusion. (2)Anypersonwhocontravenesparagraph(1)shallbeguiltyof anoffenceandshallbeliableonconvictiontoafinenotexceeding $10,000ortoimprisonmentforatermnotexceeding6monthsor tobothand,inthecaseofacontinuingoffence,toafurtherfinenot exceeding$500foreverydayorpartthereofduringwhichtheoffence continuesafterconviction. Displayofestateagentcard 9.—(1)Salespersonsandestateagentswhoarenaturalpersonsmust displayuponthemselvestheestateagentcardissuedbytheestateagent thattheyrepresentatalltimeswhencarryingoutestateagencywork. (2)Thepersondisplayingtheestateagentcardunderparagraph(1) shallshowthecardtoanypersonwhomayreasonablyrequesttosee thecardandallowsuchpersontorecordanyinformationfromthecard. (3)Anypersonwhocontravenesparagraph(1)or(2)shallbeguilty ofanoffenceandshallbeliableonconvictiontoafinenotexceeding $10,000ortoimprisonmentforatermnotexceeding6monthsor toboth. PARTIV PRESCRIBEDESTATEAGENCY AGREEMENTS Prescribedestateagencyagreements 10.—(1)Thefollowingagreementsareprescribedforthepurposes ofsection44oftheActinrespectofestateagencyworkforthesale, S644/20106 purchaseorleaseofresidentialpropertyinSingaporeonanon- exclusivebasis: (a)Estateagencyagreementforthesaleofresidentialproperty (Form1); (b)Estateagencyagreementforthepurchaseofresidential property(Form2); (c)Estateagencyagreementfortheleaseofresidentialproperty byalandlord(Form3);and (d)Estateagencyagreementfortheleaseofresidentialproperty byatenant(Form4). (2)Thefollowingagreementsareprescribedforthepurposesof section44oftheActinrespectofestateagencyworkforthesale, purchaseorleaseofresidentialpropertyinSingaporeonanexclusive basis: (a)Exclusiveestateagencyagreementforthesaleofresidential property(Form5); (b)Exclusiveestateagencyagreementforthepurchaseof residentialproperty(Form6); (c)Exclusiveestateagencyagreementfortheleaseofresidential propertybyalandlord(Form7);and (d)Exclusiveestateagencyagreementfortheleaseofresidential propertybyatenant(Form8). (3)Theformsfortheprescribedagreementsinparagraphs(1)and (2)aresetoutintheThirdScheduleasForms1to8. (4)Forthepurposesofparagraphs(1)and(2),‘‘residential property’’includesanypropertycomprisingresidentialpropertyand propertyotherthanresidentialproperty. Exclusionfromscopeofsection44 11.Section44(1)and(2)oftheActshallnotapplytoanyestate agencywork— (a)inrespectofpropertysituatedoutsideSingapore; (b)inrespectofcommercialorindustrialproperty; (c)inrespectofanyactualorproposedcollectivesaleof propertyundertheprovisionsofPartVAoftheLandTitles (Strata)Act(Cap.158); 7S644/2010 (d)inrespectofanyactualorproposedsalebyadeveloperof propertydevelopedbythedeveloperpursuanttoalicence issuedundertheHousingDevelopers(ControlandLicensing) Act(Cap.130);and (e)whichisnotexpresslyexcludedbyparagraphs(a)to(d) andforwhichthereisnoprescribedagreementunder regulation10. Clienttobeinformedofinabilitytoperformagreement 12.Anestateagentorasalespersonwhoisunableforanyreason toperformtheestateagencyagreementshallinformtheclient immediately. PARTV PROFESSIONALINDEMNITYINSURANCE Professionalindemnityinsurancerequirements 13.—(1)Everyestateagentshalltakeoutandmaintaininforceat alltimesduringtheperiodinwhichitcarriesoutestateagencywork (whetherdirectlyorthroughsalespersons)suchinsuranceasisreferred toinparagraph(2)thatisofsuchminimumamountasisreferredto inparagraph(3). (2)Theinsuranceshallbeinrespectofcivilliabilityfornegligence intheperformanceofestateagencywork. (3)Subjecttoparagraph(4),theminimumamountofinsurance covershallbe— (a)$100,000foranestateagentwhoisasoleproprietorand whodoesnotemployorengageanysalesperson; (b)$200,000forestateagentswith2to10representatives; (c)$300,000forestateagentswith11to30representatives; (d)$400,000forestateagentswith31to50representatives; (e)$600,000forestateagentswith51to500representatives;and (f)$1,000,000forestateagentswithmorethan500 representatives. (4)Forthepurposesofparagraph(3)— (a)‘‘representative’’meansanynaturalpersonwhoundertakes ormayundertakeestateagencywork; S644/20108 (b)theinsurancecovermaybesubjecttolimitationsonthe coverageorliabilityinrespectofanyparticularrepresentative onlyifthelimitisnotlessthan$100,000; (c)theamountofinsurancecoveragemayincludethecostsand expensesincurredinthedefenceorsettlementofanyinsured claim;and (d)anydeductiblethatmaybeapplicableinrespectofanyclaim againstasalespersonshallnotexceed$5,000andanyclaim againstanestateagentshallnotexceed— (i)$5,000forestateagentswithnotmorethan50 representatives; (ii)$10,000forestateagentswithmorethan50butnot morethan500representatives;and (iii)$20,000forestateagentswithmorethan500 representatives. Estateagencyworknottobeperformedwithoutinsurancecover 14.Nopersonshallundertakeanyestateagencyworkwithout theinsurancecoveragespecifiedunderregulation13. PARTVI CONTINUINGPROFESSIONALDEVELOPMENT Continuingprofessionaldevelopmentprogrammes 15.—(1)TheCouncilshall,forthepurposeofpromoting professionaldevelopment,designateandmaintainalistofactivities, coursesandprogrammesthatarerelevanttoestateagencywork. (2)Eachiteminthelistmaintainedunderparagraph(1)shallbe assignedacorrespondingcontinuingprofessionaldevelopmentcredit intheformofhoursearnedonsuccessfulcompletion. (3)TheCouncilmaycategoriseitemsinthelistanddesignate specificitemsforvariousclassesordescriptionsofpersons. Minimumcontinuingprofessionaldevelopmentrequirements 16.—(1)Everyindividualwhoundertakesestateagencyworkshall participateintheactivities,coursesandprogrammeslistedunder 9S644/2010 regulation15andshallcompletesuchactivities,coursesorprogrammes soastoearnaminimumof6hoursofcreditseachcalendaryear. (2)Everyestateagentshallensurethatitskeyexecutiveofficer participatesintheactivities,coursesandprogrammeslistedunder regulation15andcompletessuchactivities,coursesorprogrammes soastoearnaminimumof6hoursofcreditseachcalendaryear. FIRSTSCHEDULE Regulation3 ESTATEAGENTSACT2010 CODEOFETHICSANDPROFESSIONALCLIENTCARE ApplicationofCodetoestateagentsandsalespersons 1.—(1)ThisCodeshallbeknownastheCodeofEthicsandProfessionalClient Careandshallapplytoeverylicensedestateagentandeveryregisteredsalesperson. (2)ThisCodesetsthestandardofperformancerequiredofestateagentsand salespersonsintheirdealingswithclientsandthepublicwhilecarryingoutestate agencywork. (3)ThisCodemustbereadinconjunctionwiththeEstateAgentsAct2010 (‘‘theAct’’)andpracticecircularsorguidelinesissuedbytheCouncilforEstate Agencies(‘‘theCouncil’’)fromtimetotime. (4)AfailuretoobservethisCodeoranylawapplicabletoestateagentsand salespersonsmayconstituteunsatisfactoryprofessionalconductorprofessional misconduct. (5)Anoffer,attempt,inducementorinstigationtodoanythingthatwould constituteabreachofthisCodeiffullyexecutedorcompletedisalsoabreachof thisCode. Definitions 2.InthisCode,unlessthecontextotherwiserequires— ‘‘clients’’includesprospectiveclientsorcustomers; ‘‘practicecircularsorguidelines’’meanspracticecircularsorguidelines inrelationtoestateagencyworkwhichtheCouncilmayissuefromtime totime. ViolationofCode 3.—(1)EstateagentsandsalespersonswhobreachanyprovisionofthisCode maybesubjecttodisciplinaryactionbeforeaDisciplinaryCommitteeformedunder theAct. (2)AbreachofanyprovisionofthisCodemayresultintheimpositionof sanctionsincludingfinancialpenalties,demeritpointsandthesuspensionor revocationofalicenceorregistrationundertheAct. S644/201010 FIRSTSCHEDULE—continued Knowledgeofandcompliancewithapplicablelaws,practicecircularsandguidelines 4.—(1)Estateagentsandsalespersonsmustperformtheirworkinaccordance withapplicablelawsandmustnotperformestateagencyworkunlesstheyhave therelevantknowledgetoperformtheworkthattheyareengagedtoperform. (2)Sub-paragraph(1)means,amongotherthings,thatestateagentsand salespersons— (a)mustbefullyconversantandcomplywiththeAct,theregulationsmade undertheAct(includingthisCodeandinthecaseofestateagents,the CodeofPracticeforEstateAgents),andthepolicies,practicecirculars andguidelinesoftheCouncil; (b)mustbefullyconversantandcomplywithrelevantlaws,regulationsand rulesthatapplytopropertytransactions; (c)mustkeepthemselvesinformedofessentialorrelevantfactsand developmentsinthepropertymarketandmattersthatcouldaffectany aspectofpropertytransactions; (d)mustbefamiliarwiththeproceduresforpropertytransactions,and thecontentsoftheformsused;and (e)mustnotundertakeestateagencyworkinrespectofHousingand DevelopmentBoardflatsunlesstheyarefullyconversantandcomply withtheapplicablelaws,regulations,rulesandproceduresthatapplyto transactionsinvolvingsuchflats. Duediligenceandcompliancewithlawandstatutoryrequirements 5.—(1)Estateagentsandsalespersonsshallconducttheirbusinessandwork withduediligence,despatchandcare,andincompliancewithalllawsincluding statutoryandregulatoryrequirements,andpracticecircularsandguidelines. (2)Sub-paragraph(1)means,amongotherthings,thatestateagentsand salespersons,inconductingestateagencybusinessorwork— (a)mustcomplywithandshallnotdoorattempttodoanythingthat infringes,orwhichmaydirectlyorindirectlyleadtotheinfringementby anypersonofanylaw;and (b)musttakeallreasonableprecautionsanddoallreasonableactstoensure thatnolawisinfringedbyanyperson. Generaldutytoclientsandpublic 6.—(1)Estateagentsandsalespersonsshallrenderprofessionaland conscientiousservicetotheirclientsandshallactwithhonesty,fidelityandintegrity. (2)Sub-paragraph(1)means,amongotherthings,thatestateagentsand salespersons— (a)mustactaccordingtotheinstructionsoftheclientandprotectand promotetheinterestsoftheclient,unaffectedbytheinterestsoftheestate agent,salespersonoranyotherperson; 11S644/2010 FIRSTSCHEDULE—continued (b)mustnotmisleadtheclientorprovideanyfalseinformationor misrepresentanyrelevantlaworfacttotheclient; (c)mustkeeptheclientinformedofanymaterialorrelevantdevelopment orissueinrespectofthepropertyoftheclient; (d)mustnotwithholdanyrelevantfactorinformationfromtheclient;and (e)mustnotactagainsttheinterestsoftheclientinanymanner,including collaboratinginanyformormannerwithanyotherperson. (3)Intheconductofestateagencyworkonbehalfoftheclient,theestate agentorsalespersonmustactethically,honestly,fairlyandinareasonablemanner towardsallotherpersons. (4)Sub-paragraph(3)means,amongotherthings,thatestateagentsand salespersons— (a)mustnotcollaboratewithorinduceorattempttoinducetheclientor anyotherpersontoengageinillegal,dishonestorunethicalpractices; (b)mustnotoverstateorconveyafalseimpressionofanyrelevant information;and (c)mustnotmisleadorprovideanyfalseinformationormisrepresent anyrelevantlaworfact. Nottobringdiscreditordisreputetorealestateindustry 7.—(1)Estateagentsandsalespersonsshallnotdoanythingthatmaybring discreditordisreputetotheestateagencytradeorindustry. (2)Sub-paragraph(1)means,amongotherthings,thatestateagentsand salespersons— (a)mustnotdoanythingthatmaybefraudulent,dishonest,deceitfulor misleading; (b)mustnotengageintouting;and (c)mustnotusethreateningorharassingtacticsorapplyunreasonableor improperpressure. (3)Anyopinionthatisrenderedbyanestateagentorasalespersontothe clientoranyotherpersonshallbejustifiablebyreferencetoverifiablefactsand shallbegivenwithstrictprofessionalintegrity,objectivityandcourtesy. (4)Estateagentsandsalespersonsmustnotsolicitforthepaymentofany reward,commissionorfeefromanypersonwhodidnotengagetheirservices. Dutytoclientsinrelationtosigningofdocuments 8.—(1)Estateagentsandsalespersonsmustgivetheclientsufficienttime toreadanyformordocumentbeforeaskingorallowingtheclienttosigntheform ordocument. S644/201012 FIRSTSCHEDULE—continued (2)Beforeaskingorallowingaclienttosignanyformordocument,estate agentsandsalespersonsmustexplainthemeaningandconsequencesoftheprovisions oftheformordocument. (3)Anestateagentorsalespersonwithanydoubtinrelationtoanyformor documentmustinformtheclientaccordinglyandadvisetheclienttoseekadvice fromappropriateprofessionals. (4)Theclientmustbegivenacopyofanyformordocumentthathesigns eitherimmediatelyorassoonaspossibleaftersigning. Obligationsinrespectofagreements 9.—(1)Estateagentsandsalespersonsmustensurethatallagreements concerningfinancialobligationsandcommitmentsinrespectofanytransactionare inwriting,andrecordtheexactagreementbetweenthepartiesconcerned. (2)Estateagentsandsalespersonsshallalsocomplywiththefollowing requirements: (a)theymustprocuresignaturesofalljointvendorsorlandlordsforthesale orleaseofproperty,andthoseofalljointbuyersortenantsforthe purchaseorrentalofproperty; (b)theymustensurethatacopyoftheagreementisgiventoeveryperson whosignstheagreement,eitherimmediatelyorassoonaspossibleafter signing; (c)theymustallowanypartyreasonabletimetoreadtheagreementbefore signingit,andtoseekappropriateadviceifheorshesodesires;and (d)theymustnotaskorprocureanyonetosignanagreementinwhich essentialormaterialtermsorinformationsuchasthepropertyaddress, price,dates,names,andcommissionpayablehavebeenomittedor therelevantspaceforsuchtermsorinformationisleftblankorunfilled. Conveyingoffers,counteroffers,etc. 10.Anestateagentorsalespersonshallsubmiteveryoffer,counter-offer, proposalorexpressionofinterestreceivedtohisclientaccurately,objectivelyand assoonaspossibleafterreceivingit. Interpretationortranslationifnecessary 11.Anestateagentorsalespersonshallensurethatanyinformationor explanationisconveyedtotheclientinthelanguageordialectthattheclient understands. Dutiesinrespectofadvertisements 12.—(1)Estateagentsandsalespersonsmustensurethattheyarecorrectly andclearlyidentifiedin— (a)alltheiradvertisementsandpromotionalmaterials;and 13S644/2010 FIRSTSCHEDULE—continued (b)theircorrespondence,emailsignatures,letterheads,notepapersandname, callingoranyothercards. (2)Sub-paragraph(1)means,amongotherthings,thatthefollowing informationmustbecorrectlyandclearlystated— (a)thenameandcontactnumberoftheestateagentandsalespersonas registeredwiththeCouncil;and (b)thelicenceandregistrationnumbersoftheestateagentandsalesperson. (3)Whereadvertisementsareintheformofclassifiedadvertisementsprinted innewspapers,theestateagentorsalespersonmustusethenameandcontact numbersthatareregisteredwiththeCouncilbutneednotstatethelicenceor registrationnumberoftheestateagentorsalesperson. (4)Estateagentsandsalespersonsmustalsocomplywiththefollowing requirementsinrespectofanyformofadvertisingincludingname,callingorany othercards: (a)theymustnotcauseorallowtobemadeanyadvertisementthatcontains anyoffer,proposal,statement,representation,claimorinformationthat isinaccurate,falseormisleading; (b)theymustensurethatallmaterialsthatadvertiseorpromoteaproperty accuratelydescribetheproperty; (c)anyclaimsofexpertise,specialisationorsuccessratecanbesubstantiated byverifiablefactsandrecords; (d)theymustobtaintheprioragreementoftheclientbeforeadvertising anypropertyoftheclientforanypurpose,includingsaleorrental; (e)theymustnotadvertiseanypropertyatapriceoronotherterms,orin anymanner,differentfromthoseinstructedbytheclient; (f)theadvertisementshallnotincludeanytransactioninformationabout anyspecificproperty(includingthenameoftheparties,thesaleand purchaseprice,rentpayableandanyothertermsofthetransaction), withouttheconsentinwritingofallthepartiestothetransaction, regardlessofwhetherthesalespersonorestateagenthadbeeninvolved inthetransaction; (g)theadvertisementanditsplacementshallnotdirectlyorindirectly infringeanylaworlegalrights;and (h)theymustremovealladvertisementsinrelationtoapropertyonce thepropertyisnolongeravailableforsaleorrentalforwhateverreason, oraftertheterminationoftheestateagencyagreementinrespectof theproperty. Dutytoavoidconflictofinterests 13.—(1)Estateagentsandsalespersonsmustnotacceptanappointmentby orcontinuetoactonbehalfofaclientwheretodosowouldplacetheagent’s orsalesperson’sinterestsinconflictorpotentialconflictwiththoseoftheclient. S644/201014 FIRSTSCHEDULE—continued (2)Sub-paragraph(1)means,amongotherthings,that— (a)estateagentsandsalespersonsmust,assoonaspossible,declareinwriting totheclientanyinterestwhichmayariseatanytimeandbeindirector indirectconflictwiththatoftheclient; (b)if,onthegroundsofconfidentialityorforanyotherreason,anestate agentorsalespersonisunabletomakeadeclarationofconflictor potentialconflict,theestateagentorsalespersonshalldeclinetoactfor orwithdrawfromactingfortheclient; (c)unlesstheclientbeingfullyinformedofanyconflictorpotentialconflict, consentstotheestateagentandsalespersonactingorcontinuingtoact forhim,theestateagentandsalespersonshalldeclinetoactforor withdrawfromactingfortheclient; (d)estateagentsandsalespersonsmustnotacquiredirectlyorindirectly,the propertyoftheclientoranyrightorinterestinthepropertyoftheclient, withouttheexpressknowledgeandconsentoftheclient;and (e)subjecttoanywrittenlaw,estateagentsandsalespersonsmustnotdirectly orindirectlyacceptanyfee,reward,commission,rebateorotherpayment forthereferralofanyservicesrenderedortoberenderedbythirdparties totheclientoranyotherparty,inconnectionwithatransactioninvolving theclient,withouttheexpressknowledgeandpriorconsentinwritingof theclient. (3)Sub-paragraph(2)(e)means,amongotherthings,thattheestateagentor salesperson,asthecasemaybe,mustdiscloseinadvance,andinwriting,boththe factandquantumofsuchfee,reward,commission,rebateorotherpayment. (4)Estateagentsandsalespersonsmustnotengageinanybusiness,workor professionalactivitywheresuchbusiness,workoractivitywould,orcouldreasonably beexpectedto,compromisethedischargeoftheirobligationstotheirclients. Recommendingprofessionaladvicewhereappropriate 14.Estateagentsandsalespersonsshalladviseandencouragethepartiesto atransactionorproposedtransactiontoseektheadviceofappropriateprofessionals, includingbutnotlimitedtosolicitors,taxadvisers,appraisersandvaluers,where thereisanymaterialmatterorissuethatisbeyondtheirknowledgeorexpertise. Safeguardingconfidentialinformation 15.—(1)Estateagentsandsalespersonsshallnotdiscloseorotherwiseuseany confidentialinformationoforrelatingtotheclientthatisobtainedfromtheclient orobtainedinthecourseofactingfortheclientunlessthedisclosureoruseismade withtheconsentoftheclient,orisotherwiserequiredorallowedbythelaw. (2)Disclosureundersub-paragraph(1)maybemadeonlytotheappropriate personandonlytotheextentauthorisedandextentnecessaryforthepermitted purpose. 15S644/2010 SECONDSCHEDULE Regulation4 ESTATEAGENTSACT2010 CODEOFPRACTICEFORESTATEAGENTS ApplicationofCodetoestateagents 1.—(1)ThisCodeshallbeknownastheCodeofPracticeforEstateAgents andshallapplytoeverylicensedestateagent. (2)ThisCodemustbereadinconjunctionwiththeEstateAgentsAct2010 (‘‘theAct’’)andpracticecircularsorguidelinesissuedbytheCouncilforEstate Agencies(‘‘theCouncil’’)fromtimetotime. (3)AfailuretoobservethisCodeoranylawapplicabletoestateagentsmay constituteunsatisfactoryprofessionalconductorprofessionalmisconduct. (4)Anoffer,attempt,inducementorinstigationtodoanythingthatwould constituteabreachofthisCodeiffullyexecutedorcompletedisalsoabreachof thisCode. Definitions 2.InthisCode,unlessthecontextotherwiserequires— ‘‘clients’’includesprospectiveclientsorcustomers; ‘‘CodeofEthicsandProfessionalClientCare’’meanstheCodeofEthics andProfessionalClientCareprescribedbytheCouncilthatappliesto estateagentsandsalespersons; ‘‘practicecircularsorguidelines’’meanspracticecircularsorguidelinesin relationtoestateagencyworkwhichtheCouncilmayissuefromtime totime. ViolationofCode 3.—(1)EstateagentswhobreachanyprovisionofthisCodemaybesubject todisciplinaryactionbeforeaDisciplinaryCommitteeformedundertheAct. (2)AbreachofanyprovisionofthisCodemayresultintheimpositionof sanctionsincludingfinancialpenalties,demeritpointsandthesuspensionor revocationofalicenceundertheAct. Managementandsupervision 4.—(1)Estateagentsshallhaveinplaceanddocumentinwritingproper systemsandprocesses— (a)toensurethattheirsalespersonsacquireandhavetheestateagency workknowledgereferredtoinparagraph4oftheCodeofEthicsand ProfessionalClientCare;and (b)forthemanagementandsupervisionoftheirbusinessandsalespersons. S644/201016 SECONDSCHEDULE—continued (2)Estateagentsshallmanageandsupervisetheirsalespersonstoensurethat theirsalespersons— (a)complywiththelawsorlegalobligationsorrequirementsstatedin paragraph5oftheCodeofEthicsandProfessionalClientCare; (b)conducttheirestateagencyworkinaprofessionalandreasonablemanner andinaccordancewiththelaw;and (c)avoidrepeatingtheconductofanysalespersonorotherpersonemployed orengagedbytheestateagentwhichresultedinabreachofthelawor disciplinaryaction. (3)Estateagentsshallvetallpublicityandadvertisingmaterialsoftheir salespersonspriortopublication. Estateagentcard 5.—(1)Estateagentsmustissueanidentificationcardlabelledasanestateagent cardtoeachandeveryoneoftheirsalespersonsandpartnersorthesoleproprietor, ifapplicable. (2)Theestateagentcardshallbeinsuchformandofsuchspecificationsas theCouncilmayrequire. (3)Theestateagentcardshallincludethefollowinginformation: (a)thenameandlicencenumberoftheestateagent; (b)thenameandregistrationnumberoftheholderofthecard; (c)arecentimageoftheholderofthecard; (d)acontactnumberoremailaddressforthemakingofinquiriesor complaintstotheestateagent;and (e)theexpirydateofthelicenceorregistrationoftheholderofthecard. (4)Nopersonshallbeissuedwithorholdmorethanoneestateagentcardat anytime. (5)Noestateagentcardshallbereplacedunlessthepersonseeking areplacementmakesanapplicationtotheestateagentinwritingwiththereason forthereplacement. (6)Theestateagentmustmaintainproperrecordsofallestateagentcards issued,whichmustincludethefollowinginformation: (a)theholder’spersonalparticulars; (b)thelicenceorregistrationnumberoftheholder; (c)thedateofissueofthecardandtheexpirydateofthelicenceor registration;and (d)thereasonfortheissueofanyreplacementcard. 17S644/2010 SECONDSCHEDULE—continued (7)Theestateagentshallrecoverthecardissuedtoaholderinthefollowing circumstances: (a)whentheholderceasestobeengagedoremployedby,orotherwisepart of,theestateagent; (b)whenthelicenceorregistrationoftheholderexpires,isnotrenewed, orissuspendedorcancelled;or (c)whentheholderappliesforareplacementestateagentcard. (8)Thenameoftheholderintheestateagentcardshallbe— (a)thenameoftheholderasprintedintheholder’sidentitycardissued undertheNationalRegistrationAct(Cap.201);or (b)iftheholderhasnotbeenissuedwithanidentitycardundertheNational RegistrationAct,theholder’snameasstatedintheholder’spassportor anyotherofficialidentificationdocument,whichshouldbeprecededby descriptivewordsthatidentifytheauthorityissuingtheidentification document. (9)Anybusinessorothernameoftheholderthatisstatedintheestate agentcardshallbeprintedwithinbracketsbelowthenameasspecifiedinsub- paragraph(8). Claimsandcomplaints 6.—(1)Estateagentsmusthaveinplaceasystemwithsuitableprocessesfor thereceiptandinvestigationofclaimsandcomplaintsagainsttheestateagentor anyoftheirsalespersons. (2)Thesystemandprocessesmustbedocumentedinwriting. (3)Allclaimsandcomplaintsagainsttheestateagentoranyofitssalespersons mustbeinvestigated. (4)Anyinvestigationunderparagraph(3)mustbecompletedwithin2weeks ofthereceiptofaclaimorcomplaint,orsuchlongertimeastheCouncilmayallow. (5)Wherethecomplainantismakingaclaimagainsttheestateagentor asalesperson,theestateagentshallmeetwiththecomplainanttoexplorethe possibilityofanamicableresolution. (6)Thecomplainantmustbeexpeditiouslyinformedoftheoutcomeofthe investigation. (7)OntherequestoftheCouncilinanyparticularcase,theestateagentshall furnishtheCouncil,within2weeksoftherequestorsuchlongertimeastheCouncil mayallow,withareportontheinvestigationofthecaseanddetailsofsuchaction asmayhavebeentakenbytheestateagentandsalesperson,andtheoutcome thereof. S644/201018 SECONDSCHEDULE—continued Retentionofdocumentsandrecords 7.—(1)ForthepurposesoftheAct,anestateagentshallretaintheoriginals orkeepcopiesofthefollowingdocumentsforatleast3years: (a)allapplicationstotheCouncilinrespectofestateagent’slicenceandthe registrationofsalespersonsundertheAct,includingsupporting documents; (b)allestateagentandsalespersonagreements; (c)allestateagencyagreements; (d)alldocumentsrelatingtopropertytransactions,including— (i)saleandpurchaseagreements,andoptionstopurchase; (ii)leaseandleaseagreements,andlettersofintenttolease; (iii)HousingandDevelopmentBoarddocumentsandforms,including ResaleChecklistsandapprovalsforthesub-lettingofHousingand DevelopmentBoardflats; (iv)documentsevidencingthereceiptandpaymentoftransaction monies; (v)powersofattorneyandlettersofauthorisation;and (vi)declarationsmadebyestateagentsorsalespersonsofanyconflict orpotentialconflictofinterests;and (e)alldocumentsandcorrespondenceinrespectofclaimsorcomplaints, includingtheresultofinvestigationsandanyactiontaken. (2)Copiesofdocumentsretainedforthepurposesofparagraph(1)maybe inelectronicform. (3)Paragraphs(1)and(2)donotaffectanystatutoryobligationorrequirement thatmayrequiretheretentionofdocumentsorrecordsforotherpurposesorfor adifferentperiodoftime. 19S644/2010 THIRDSCHEDULE Regulation10 ESTATEAGENTSACT2010 PRESCRIBEDESTATEAGENCYAGREEMENTS Form1 ESTATEAGENCYAGREEMENTFOR THESALEOFRESIDENTIALPROPERTY ThisformisprescribedbytheCouncilforEstateAgencies(‘‘CEA’’)under theEstateAgentsAct2010forusewhenanestateagentisauthorisedorengaged (2) byaprospectivesellertointroduceabuyerofresidentialpropertyinSingapore. (1) Note:Whereanumberinbrackets(e.g.)appearsinthisAgreement,please readtheexplanatorynotethatbearsthecorrespondingnumberinSchedule1to thisAgreement.Whereanyspaceprovidedbelowisinsufficient,therelevant particularsshouldbewrittenonaseparatesheetandattachedtothisAgreement. 1.PartiestoAgreement AgreementDate:hh/hh/hhhh(dd/mm/yyyy) (3) Seller(1)Name:_______________________NRICNo.:________________ Address:___________________________________________________________ (3) Seller(2)Name:_______________________NRICNo.:________________ Address:___________________________________________________________ (4) NameofEstateAgent:_______________LicenceNo.:________________ Address:___________________________________________________________ 2.AppointmentofEstateAgentbySeller Theaboveseller(s)(collectivelycalled‘‘Seller’’)herebyauthorisesandengages (5) theEstateAgent,subjecttoandinaccordancewiththetermsofthis (6)(7) Agreement,tointroducetohimaBuyerofthefollowingProperty: _____________________________________________________________________ _____________________________________________________________________ _________________________________________________________(‘‘Property’’) CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form1 S644/201020 THIRDSCHEDULE—continued 3.ScopeofAgencyandDutiesofEstateAgent TheEstateAgent’sdutiesshallbeassetoutinSchedule2tothisAgreement, inadditiontothedutiesplacedontheEstateAgentbytheothertermsin thisAgreementandanywrittenlaw. 4.Commission (8) (a)IftheSellerentersintoabindingagreementforthesaleandpurchaseof thePropertywithaBuyerintroducedbytheEstateAgent,theSellershall paytheEstateAgentcommissionof*S$____________/attherateof (1)(9) ____%ofthetransactedpriceofthePropertyatthetimeofcompletion ofthePropertytransactionpursuanttotheagreementforsaleandpurchase. GSTispayableuponthecommission:hYeshNo (1) IfYes,thecommissionspecifiedis*inclusive/exclusiveofGST. Note:IfaBuyerintroducedbytheEstateAgenthasenteredintoasale andpurchaseagreementwiththeSellerinrespectoftheProperty, thenameandaddressoftheBuyerandthedateofthesaleand purchaseagreementmayberecordedasfollows:______________ __________________________________________________________ (b)TheSellershallhavenoobligationtopayanycommissiontotheEstate AgentifcompletionofthePropertytransactionfallsthroughwithoutfault onthepartoftheSeller. (c)InthecaseofHDBproperty,ifcompletionofthePropertytransaction fallsthroughbyreasonoftheSeller’sineligibilitytosellunderHDBrules orregulations,theSellershallhavenoobligationtopayanycommission totheEstateAgent. 5.DisclosureRequirements (a)TheEstateAgentorSalesperson*has/doesnothaveaconflictor (1)(10) potentialconflictofinterestinactingfortheSeller.IftheEstate AgentorSalespersonhasaconflictorpotentialconflictofinterest,the detailsareasfollows: _______________________________________________________________ _______________________________________________________________ _______________________________________________________________ CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form1 21S644/2010 THIRDSCHEDULE—continued (b)IftheEstateAgentorSalespersonhasdeclaredthatthereisnoconflictor potentialconflictofinterestbutaconflictorpotentialconflictofinterest onlyarises(orhebecomesawareoftheconflictorpotentialconflictof interest)aftertheexecutionofthisAgreement,theconflictorpotential conflictofinterestmustbeimmediatelydisclosedinwritingtotheSeller. Uponsuchdisclosure,theEstateAgentandSalespersonmaycontinueto actfortheSelleronlyiftheSeller,beingfullyinformed,consentsinwriting totheEstateAgentandSalespersoncontinuingtoactforhim. 6.PropertyInspectionandCo-broking (a)TheSelleragreestoallowtheEstateAgenttoshowthepropertyto potentialBuyer(s)(includingtheiragents)atmutuallyagreeabletime(s). (1) (b)TheEstateAgent*may/maynotco-operateorco-brokewithanother EstateAgenttosecureBuyersfortheProperty. (c)Ifco-brokingisallowed,thecommissionmaybesharedbetweenthe EstateAgentandaco-brokingagentinsuchamountsasmaybeagreed betweenthembuttheSellerisnotliabletopayanycommissiontothe co-brokingagent. 7.WarrantybySeller (1) TheSellerwarrantsthatheis*theownerof/dulyauthorisedtosellthe Property. 8.SchedulesandNotes TheSchedulesandNotestoorinthisAgreementformpartofthisAgreement. 9.ApplicableLawandDisputeResolution (a)ThisAgreementshallbegovernedbythelawsofSingapore. (b)AnydisputebetweentheSellerandtheEstateAgentarisingoutoforin connectionwiththisAgreement(includinganyquestionregardingits existence,validityortermination)shallfirstberesolvedinthefollowing manner: MediationFirst (i)Thepartiesshallproceedtomediationunderthemediationscheme prescribedbytheCEAunlesstheSellerelectsinwritingnotto mediate. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form1 S644/201022 THIRDSCHEDULE—continued (ii)TheEstateAgentmayasktheSellerinwritingwhetherheelectsto mediateornot.IftheSellerdoesnotreplyormakeanyelection withinthreeweeksofreceiptofsuchenquiry,heshallbedeemedto haveelectedinwritingnottoproceedtomediation. Arbitration (iii)Ifthedisputeremainsoutstanding(i.e.theSellerhaselectednotto mediateorthedisputeisnotresolvedbymediation),thedisputeshall bereferredtoandfinallyresolvedbyarbitrationinSingaporeunder thearbitrationschemeprescribedbytheCEA,inaccordancewith suchrulesasmaybeprescribed,unlesstheSellerelectsinwritingnot toarbitrate. (iv)TheEstateAgentmayasktheSellerinwritingwhetherheelectsto resolvethedisputebyarbitrationornot.IftheSellerdoesnotreply orexpresslymakeanyelectionwithinthreeweeksofreceiptofsuch enquiry,heshallbedeemedtohaveelectedinwritingnottoresolve thedisputebyarbitrationandneitherpartyshallbeboundtoproceed toarbitration. 10.AdditionalTerms Note:TheprintedtermsprescribedinthisformofAgreementcannotbe deletedorvaried.Ifthepartieswishatanytimetoagreetooraddonany otherterms,theymustbeinwriting,dated,insertedasAdditionalTerms belowandinitialedbytheparties.Ifthespacebelowisinsufficient,the AdditionalTermsaretobewritten/printedinblackinkonaseparatesheetof paperwhichmustbepinkincolorandinafontnotsmallerthanthefontof theaboveterms. TheAdditionalTermscannotconflictwith,varyorotherwiselimitthe (11) prescribedtermsofthisAgreement. ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form1 23S644/2010 THIRDSCHEDULE—continued SignedbytheSeller(s)andtheEstateAgent Note:ThepartiesaretoinitialeverypageofthisAgreementincludingtheSchedules andanyattachments. __________________________________ SignedbySeller(1) *Throughtheinterpretationof______Signedbyinterpreter______________ (3) Date:Interpreter’sNRICNo.: Date: __________________________________ SignedbySeller(2) *Throughtheinterpretationof______Signedbyinterpreter______________ (3) Date:Interpreter’sNRICNo.: Date: ________________________________________________________________________ (1)(12) Signedby*SalespersonforandonbehalfoftheEstateAgent/EstateAgent (1) Nameof*Salesperson/EstateAgent: (3) NRICNo.: Address: (1) *SalespersonRegistration/EstateAgentLicenceNo.: Telephonenumber: Date: CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form1 S644/201024 THIRDSCHEDULE—continued SCHEDULE1 EXPLANATORYNOTES (1)*meansdeleteifnotapplicable.AlldeletionsmustbeinitialedbytheSellerat thetimetheyaremade. (2)Thisformofagreementisonlyapplicableifallorpartofthepropertytobe soldcomprisesresidentialpropertyinSingapore. (3)IfthereisnoNRICNo.,pleasewriteanothernumbersuchasFIN,passport orcompanyincorporation/registrationNo.,asthecasemaybe. (4)ToinsertfullnameoftheEstateAgent. (5)TheEstateAgentisnotanexclusiveagentandtheSellermayalsosellthe Propertyhimselforthroughanotheragent. (6)BuyerincludesapotentialBuyer. (7)IfthereismorethanoneProperty,therelevantaddressesmayberecordedon aseparatesheetandattachedtothisAgreement.Alternatively,aseparate agreementmaybeusedforeachProperty. (8)Anagreementforsaleandpurchasemaytaketheformofanexecutedsale andpurchaseagreementoranoptiontopurchasewhichhasbeenexercisedby theBuyer. (9)TheamountorrateofcommissionisnegotiablebetweentheSellerand theEstateAgent. (10)TheCodeofEthicsandProfessionalClientCareprescribestheEstateAgent’s andSalesperson’sdutytodiscloseandavoidanypotentialoractualconflictof interest. (11)Wherethepartieshavemadeanychoiceabove,theymaysubsequentlyvary suchchoiceinwritingbutsuchvariationmustbedatedandinitialedbythe parties.Thepartiesmayalsovarythenon-prescribedAdditionalTermsbut suchvariationmustbeinwriting,datedandinitialedbytheparties. (12)IfthereisaSalespersonrepresentingtheEstateAgentintheproposedsaleof theProperty,theSalespersonshallsignandfillinhisparticulars.Otherwise, iftheEstateAgentactingintheproposedsaleofthePropertyisanatural person,heshallsignandfillinhisparticulars.Ifthereismorethanonesuch SalespersonorEstateAgentwhoisanaturalpersonactingintheproposed saleoftheProperty,theirname(s)andparticular(s)shallalsobewritten,if necessary,onaseparatesheetandattachedtothisAgreement. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form1 25S644/2010 THIRDSCHEDULE—continued SCHEDULE2 DUTIESOFESTATEAGENT TheEstateAgentshall: (a)providereasonableassistanceandadvicetotheSellerthroughouttheprocess ofsaleoftheProperty. (b)representtheSellerinnegotiationswithanyprospectiveBuyerinaccordance withhisinstructions. (c)promptlyforwardtotheSelleralloffers,proposalsorexpressionsofinterest frompotentialBuyersortheiragents. (d)advancetheSeller’sinterestunaffectedbyanyinterestoftheEstateAgent, Salespersonoranyotherperson. (e)assisttheSellertoenterintoabindingagreementforsaleandpurchasewiththe BuyerandreasonablyexplaintotheSellerallrelevantformsanddocuments. However,iftheEstateAgentisindoubtonanymatter,heshallstatehisdoubt andadvisetheSellertoseekadvicefromappropriateprofessionals. (f)complywithallreasonableinstructionsandrequestsoftheSellerinrelationto thetransaction. Note:ThefollowingarealsoapplicableinthecaseofHDBproperty (g)advisetheSellerontheeligibilityoftheSellertosellhisHDBflat. (h)explainandgothroughtheresalechecklistwiththeSelleroftheHDBflatand checkwiththeSelleronwhethertherenovationsmadeweredulyauthorised. (i)assisttheSelleroftheHDBflattosubmitsuchforms,documentsand/or informationasmayberequiredbyHDBtoprocesstheapplicationforsale. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form1 S644/201026 THIRDSCHEDULE—continued Form2 ESTATEAGENCYAGREEMENTFOR THEPURCHASEOFRESIDENTIALPROPERTY ThisformisprescribedbytheCouncilforEstateAgencies(‘‘CEA’’)underthe EstateAgentsAct2010forusewhenanestateagentisauthorisedorengagedby (2) aprospectivebuyertointroduceasellerofresidentialpropertyinSingapore. (1) Note:Whereanumberinbrackets(e.g.)appearsinthisAgreement,please readtheexplanatorynotethatbearsthecorrespondingnumberinSchedule1to thisAgreement.Whereanyspaceprovidedbelowisinsufficient,therelevant particularsshallbewrittenonaseparatesheetandattachedtothisAgreement. 1.PartiestoAgreement AgreementDate:hh/hh/hhhh(dd/mm/yyyy) (3) Buyer(1)Name:______________________NRICNo.:________________ Address:___________________________________________________________ (3) Buyer(2)Name:______________________NRICNo.:________________ Address:___________________________________________________________ (4) NameofEstateAgent:_______________LicenceNo.:________________ Address:___________________________________________________________ 2.AppointmentofEstateAgentbyBuyer Theabovebuyer(s)(collectivelycalled‘‘Buyer’’)herebyauthorisesand (5) engagestheEstateAgent,subjecttoandinaccordancewiththetermsof (6)(7) thisAgreement,tointroducetohimaSellerofthefollowingProperty: ___________________________________________________________________ ___________________________________________________________________ _______________________________________________________(‘‘Property’’) 3.ScopeofAgencyandDutiesofEstateAgent TheEstateAgent’sdutiesshallbeassetoutinSchedule2tothisAgreement, inadditiontothedutiesplacedontheEstateAgentbytheothertermsin thisAgreementandanywrittenlaw. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form2 27S644/2010 THIRDSCHEDULE—continued 4.Commission (8) (a)IftheBuyerentersintoabindingagreementforsaleandpurchaseof thePropertywithaSellerintroducedbytheEstateAgent,theBuyershall paytheEstateAgentcommissionof*S$____________/attherateof (1)(9) ____%ofthetransactedpriceofthePropertyatthetimeof completionofthePropertytransactionpursuanttotheagreementforsale andpurchase. GSTispayableuponthecommission:hYeshNo (1) IfYes,thecommissionspecifiedis*inclusive/exclusiveofGST. Note:IfaSellerintroducedbytheEstateAgenthasenteredintoasale andpurchaseagreementwiththeBuyerinrespectoftheProperty, thenameandaddressoftheSellerandthedateofthesaleand purchaseagreementmayberecordedasfollows:______________ __________________________________________________________ (b)TheBuyershallhavenoobligationtopayanycommissiontotheEstate AgentifcompletionofthePropertytransactionfallsthroughwithoutfault onthepartoftheBuyer. (c)InthecaseofHDBproperty,ifcompletionofthePropertytransaction fallsthroughbyreasonoftheBuyer’sineligibilitytobuyunderHDBrules orregulations,theBuyershallhavenoobligationtopayanycommission totheEstateAgent. 5.DisclosureRequirements (a)TheEstateAgentorSalesperson*has/doesnothaveaconflictorpotential (1)(10) conflictofinterestinactingfortheBuyer.IftheEstateAgentor Salespersonhasaconflictorpotentialconflictofinterest,thedetailsare asfollows: _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ (b)IftheEstateAgentorSalespersonhasdeclaredthatthereisnoconflictor potentialconflictofinterestbutaconflictorpotentialconflictofinterest onlyarises(orhebecomesawareoftheconflictorpotentialconflictof interest)aftertheexecutionofthisAgreement,theconflictorpotential conflictofinterestmustbeimmediatelydisclosedinwritingtotheBuyer. Uponsuchdisclosure,theEstateAgentandSalespersonmaycontinue toactfortheBuyeronlyiftheBuyer,beingfullyinformed,consentsin writingtotheEstateAgentandSalespersoncontinuingtoactforhim. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form2 S644/201028 THIRDSCHEDULE—continued 6.Co-broking (1) (a)TheEstateAgent*may/maynotco-operateorco-brokewithanother EstateAgenttosecureSellersfortheProperty. (b)Ifco-brokingisallowed,thecommissionmaybesharedbetweenthe EstateAgentandaco-brokingagentinsuchamountsasmaybeagreed betweenthembuttheBuyerisnotliabletopayanycommissionto theco-brokingagent. 7.SchedulesandNotes TheSchedulesandNotestoorinthisAgreementformpartofthisAgreement. 8.ApplicableLawandDisputeResolution (a)ThisAgreementshallbegovernedbythelawsofSingapore. (b)AnydisputebetweentheBuyerandtheEstateAgentarisingoutoforin connectionwiththisAgreement(includinganyquestionregardingits existence,validityortermination)shallfirstberesolvedinthefollowing manner: MediationFirst (i)Thepartiesshallproceedtomediationunderthemediationscheme prescribedbytheCEAunlesstheBuyerelectsinwritingnotto mediate. (ii)TheEstateAgentmayasktheBuyerinwritingwhetherheelectsto mediateornot.IftheBuyerdoesnotreplyormakeanyelection withinthreeweeksofreceiptofsuchenquiry,heshallbedeemedto haveelectedinwritingnottoproceedtomediation. Arbitration (iii)Ifthedisputeremainsoutstanding(i.e.theBuyerhaselectednotto mediateorthedisputeisnotresolvedbymediation),thedisputeshall bereferredtoandfinallyresolvedbyarbitrationinSingaporeunder thearbitrationschemeprescribedbytheCEA,inaccordancewith suchrulesasmaybeprescribed,unlesstheBuyerelectsinwritingnot toarbitrate. (iv)TheEstateAgentmayasktheBuyerinwritingwhetherheelectsto resolvethedisputebyarbitrationornot.IftheBuyerdoesnotreply orexpresslymakeanyelectionwithinthreeweeksofreceiptofsuch enquiry,heshallbedeemedtohaveelectedinwritingnottoresolve thedisputebyarbitrationandneitherpartyshallbeboundtoproceed toarbitration. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form2 29S644/2010 THIRDSCHEDULE—continued 9.AdditionalTerms Note:TheprintedtermsprescribedinthisformofAgreementcannotbe deletedorvaried.Ifthepartieswishatanytimetoagreetooraddonany otherterms,theymustbeinwriting,dated,insertedasAdditionalTerms belowandinitialedbytheparties.Ifthespacebelowisinsufficient,the AdditionalTermsaretobewritten/printedinblackinkonaseparatesheetof paperwhichmustbepinkincolorandinafontnotsmallerthanthefontof theaboveterms. TheAdditionalTermscannotconflictwith,varyorotherwiselimitthe (11) prescribedtermsofthisAgreement. ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form2 S644/201030 THIRDSCHEDULE—continued SignedbytheBuyer(s)andtheEstateAgent Note:ThepartiesaretoinitialeverypageofthisAgreementincludingtheSchedules andanyattachments. __________________________________ SignedbyBuyer(1) *Throughtheinterpretationof______Signedbyinterpreter______________ (3) Date:Interpreter’sNRICNo.: Date: __________________________________ SignedbyBuyer(2) *Throughtheinterpretationof______Signedbyinterpreter______________ (3) Date:Interpreter’sNRICNo.: Date: ________________________________________________________________________ (1)(12) Signedby*SalespersonforandonbehalfoftheEstateAgent/EstateAgent (1) Nameof*Salesperson/EstateAgent: (3) NRICNo.: Address: (1) *SalespersonRegistration/EstateAgentLicenceNo.: Telephonenumber: Date: Note:TheEstateAgentmustprovidetheoriginaloracopyofthisAgreementto theBuyerimmediatelyuponsigning. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form2 31S644/2010 THIRDSCHEDULE—continued SCHEDULE1 EXPLANATORYNOTES (1)*meansdeleteifnotapplicable.AlldeletionsmustbeinitialedbytheBuyer. (2)Thisformofagreementisonlyapplicableifallorpartofthepropertytobe purchasedcomprisesresidentialpropertyinSingapore. (3)IfthereisnoNRICNo.,pleasewriteanothernumbersuchasFIN,passport orcompanyincorporation/registrationNo.,asthecasemaybe. (4)ToinsertfullnameoftheEstateAgent. (5)TheEstateAgentisnotanexclusiveagentandtheBuyermaypurchase thePropertyhimselforthroughanotheragent. (6)SellerincludesapotentialSeller. (7)TostatedescriptionofPropertytobepurchasede.g.type,localityandprice range.IfthereismorethanoneProperty,therelevantdescriptionsmaybe recordedonaseparatesheetandattachedtothisAgreement.Alternatively, aseparateagreementmaybeusedforeachProperty. (8)Anagreementforsaleandpurchasemaytaketheformofanexecutedsale andpurchaseagreementoranoptiontopurchasewhichhasbeenexercisedby theBuyer. (9)TheamountorrateofcommissionisnegotiablebetweentheBuyerand theEstateAgent. (10)TheCodeofEthicsandProfessionalClientCareprescribestheEstateAgent’s andSalesperson’sdutytodiscloseandavoidanypotentialoractualconflictof interest. (11)Wherethepartieshavemadeanychoiceabove,theymaysubsequentlyvary suchchoiceinwritingbutsuchvariationmustbedatedandinitialedbythe parties.Thepartiesmayalsovarythenon-prescribedAdditionalTermsbut suchvariationmustbeinwriting,datedandinitialedbytheparties. (12)IfthereisaSalespersonrepresentingtheEstateAgentintheproposedsaleof theProperty,theSalespersonshallsignandfillinhisparticulars.Otherwise, iftheEstateAgentactingintheproposedpurchaseofthePropertyisanatural person,heshallsignandfillinhisparticulars.Ifthereismorethanonesuch SalespersonorEstateAgentwhoisanaturalpersonactingintheproposed purchaseoftheProperty,theirname(s)andparticular(s)shallalsobewritten, ifnecessary,onaseparatesheetandattachedtothisAgreement. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form2 S644/201032 THIRDSCHEDULE—continued SCHEDULE2 DUTIESOFESTATEAGENT TheEstateAgentshall: (a)providereasonableassistanceandadvicetotheBuyerthroughouttheprocess ofpurchaseoftheProperty. (b)representtheBuyerinnegotiationswithanypotentialSellerinaccordancewith hisinstructions. (c)promptlyforwardtotheBuyeralloffers,proposalsorexpressionsofinterest frompotentialSellersortheiragents. (d)advancetheBuyer’sinterestunaffectedbyanyinterestoftheEstateAgent, Salespersonoranyotherperson. (e)assisttheBuyertoenterintoabindingagreementforsaleandpurchasewiththe SellerandreasonablyexplaintotheBuyerallrelevantformsanddocuments. However,iftheEstateAgentisindoubtonanymatter,heshallstatehisdoubt andadvisetheBuyertoseekadvicefromappropriateprofessionals. (f)complywithallreasonableinstructionsandrequestsoftheBuyerinrelationto thetransaction. Note:ThefollowingarealsoapplicableinthecaseofHDBproperty (g)advisetheBuyerontheeligibilityoftheBuyertobuytheHDBflat. (h)explainandgothroughtheresalechecklistwiththeBuyerandexplainto theBuyertheimplicationsiftherenovationsmadetotheHDBflatwerenot dulyauthorised. (i)assisttheBuyeroftheHDBflattosubmitsuchforms,documentsand/or informationasmayberequiredbyHDBtoprocesstheapplicationforpurchase. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form2 33S644/2010 THIRDSCHEDULE—continued Form3 ESTATEAGENCYAGREEMENTFOR THELEASEOFRESIDENTIALPROPERTY BYALANDLORD ThisformisprescribedbytheCouncilforEstateAgencies(‘‘CEA’’)underthe EstateAgentsAct2010forusewhenanestateagentisauthorisedorengagedby (2) aprospectivelandlordtointroduceatenantofresidentialpropertyinSingapore. (1) Note:Whereanumberinbrackets(e.g.)appearsinthisAgreement,please readtheexplanatorynotethatbearsthecorrespondingnumberinSchedule1to thisAgreement.Whereanyspaceprovidedbelowisinsufficient,therelevant particularsshallbewrittenonaseparatesheetandattachedtothisAgreement. 1.PartiestoAgreement AgreementDate:hh/hh/hhhh(dd/mm/yyyy) (3) Landlord(1)Name:____________________NRICNo.:________________ Address:___________________________________________________________ (3) Landlord(2)Name:____________________NRICNo.:________________ Address:___________________________________________________________ (4) NameofEstateAgent:_______________LicenceNo.:________________ Address:___________________________________________________________ 2.AppointmentofEstateAgentbyLandlord Theabovelandlord(s)(collectivelycalled‘‘Landlord’’)herebyauthorisesand (5) engagestheEstateAgent,subjecttoandinaccordancewiththetermsof (6)(7) thisAgreement,tointroducetohimaTenantofthefollowingProperty: ___________________________________________________________________ ___________________________________________________________________ _______________________________________________________(‘‘Property’’) 3.ScopeofAgencyandDutiesofEstateAgent TheEstateAgent’sdutiesshallbeassetoutinSchedule2tothisAgreement, inadditiontothedutiesplacedontheEstateAgentbytheothertermsin thisAgreementandanywrittenlaw. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form3 S644/201034 THIRDSCHEDULE—continued 4.Commission (8) (a)IftheLandlordentersintoabindingleaseofthePropertywithaTenant (9) introducedbytheEstateAgentfor____________,theLandlordshall (1)(9) paytheEstateAgentcommissionof*S$____________/____________ rent. GSTispayableuponthecommission:hYeshNo (1) IfYes,thecommissionspecifiedis*inclusive/exclusiveofGST. Note:IfaTenantintroducedbytheEstateAgenthasenteredinto abindingleasewiththeLandlordinrespectoftheProperty,the nameandaddressoftheTenantandthedateoftheleasemaybe recordedasfollows:________________________________________ __________________________________________________________ (b)TheLandlordshallhavenoobligationtopayanycommissiontothe EstateAgentiftheleasingofthePropertyfallsthroughwithoutfaulton thepartoftheLandlord. (c)InthecaseofHDBproperty,iftheleasingofthePropertyfallsthrough byreasonoftheLandlord’sineligibilitytoleaseunderHDBrulesor regulations,theLandlordshallhavenoobligationtopayanycommission totheEstateAgent. (10) (d)On__________________renewalofthelease,theLandlord*shall/shall (1) notbeliabletopayfurthercommissiontotheEstateAgent.Iffurther commissionispayableuponrenewal,suchcommissionshallamountto (1)(9) *S$____________/____________rentfor____________. 5.DisclosureRequirements (a)TheEstateAgentorSalesperson*has/doesnothaveaconflictorpotential (1)(11) conflictofinterestinactingfortheLandlord.IftheEstateAgentor Salespersonhasaconflictorpotentialconflictofinterest,thedetailsareas follows: _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form3 35S644/2010 THIRDSCHEDULE—continued (b)IftheEstateAgentorSalespersonhasdeclaredthatthereisnoconflictor potentialconflictofinterestbutaconflictorpotentialconflictofinterest onlyarises(orhebecomesawareoftheconflictorpotentialconflictof interest)aftertheexecutionofthisAgreement,theconflictorpotential conflictofinterestmustbeimmediatelydisclosedinwritingtotheLandlord. Uponsuchdisclosure,theEstateAgentandSalespersonmaycontinueto actfortheLandlordonlyiftheLandlord,beingfullyinformed,consentsin writingtotheEstateAgentandSalespersoncontinuingtoactforhim. 6.PropertyInspectionandCo-broking (a)TheLandlordagreestoallowtheEstateAgenttoshowthepropertyto potentialTenant(s)(includingtheiragents)atmutuallyagreeabletime(s). (1) (b)TheEstateAgent*may/maynotco-operateorco-brokewithanother EstateAgenttosecureTenantsfortheProperty. (c)Ifco-brokingisallowed,thecommissionmaybesharedbetweenthe EstateAgentandaco-brokingagentinsuchamountsasmaybeagreed betweenthembuttheLandlordisnotliabletopayanycommissionto theco-brokingagent. 7.WarrantybyLandlord (1) TheLandlordwarrantsthatheis*theownerof/dulyauthorisedtolease theProperty. 8.SchedulesandNotes TheSchedulesandNotestoorinthisAgreementformpartofthisAgreement. 9.ApplicableLawandDisputeResolution (a)ThisAgreementshallbegovernedbythelawsofSingapore. (b)AnydisputebetweentheLandlordandtheEstateAgentarisingoutofor inconnectionwiththisAgreement(includinganyquestionregardingits existence,validityortermination)shallfirstberesolvedinthefollowing manner: MediationFirst (i)Thepartiesshallproceedtomediationunderthemediationscheme prescribedbytheCEAunlesstheLandlordelectsinwritingnot tomediate. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form3 S644/201036 THIRDSCHEDULE—continued (ii)TheEstateAgentmayasktheLandlordinwritingwhetherheelectsto mediateornot.IftheLandlorddoesnotreplyormakeanyelection withinthreeweeksofreceiptofsuchenquiry,heshallbedeemed tohaveelectedinwritingnottoproceedtomediation. Arbitration (iii)Ifthedisputeremainsoutstanding(i.e.theLandlordhaselectednot tomediateorthedisputeisnotresolvedbymediation),thedispute shallbereferredtoandfinallyresolvedbyarbitrationinSingapore underthearbitrationschemeprescribedbytheCEA,inaccordance withsuchrulesasmaybeprescribed,unlesstheLandlordelectsin writingnottoarbitrate. (iv)TheEstateAgentmayasktheLandlordinwritingwhetherheelects toresolvethedisputebyarbitrationornot.IftheLandlorddoesnot replyorexpresslymakeanyelectionwithinthreeweeksofreceiptof suchenquiry,heshallbedeemedtohaveelectedinwritingnotto resolvethedisputebyarbitrationandneitherpartyshallbeboundto proceedtoarbitration. 10.AdditionalTerms Note:TheprintedtermsprescribedinthisformofAgreementcannotbe deletedorvaried.Ifthepartieswishatanytimetoagreetooraddonany otherterms,theymustbeinwriting,dated,insertedasAdditionalTerms belowandinitialedbytheparties.Ifthespacebelowisinsufficient,the AdditionalTermsaretobewritten/printedinblackinkonaseparatesheetof paperwhichmustbepinkincolorandinafontnotsmallerthanthefontof theaboveterms. TheAdditionalTermscannotconflictwith,varyorotherwiselimitthe (12) prescribedtermsofthisAgreement. ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form3 37S644/2010 THIRDSCHEDULE—continued SignedbytheLandlord(s)andtheEstateAgent Note:ThepartiesaretoinitialeverypageofthisAgreementincludingtheSchedules andanyattachments. __________________________________ SignedbyLandlord(1) *Throughtheinterpretationof______Signedbyinterpreter______________ (3) Date:Interpreter’sNRICNo.: Date: __________________________________ SignedbyLandlord(2) *Throughtheinterpretationof______Signedbyinterpreter______________ (3) Date:Interpreter’sNRICNo.: Date: ______________________________________________________________________ (1)(13) Signedby*SalespersonforandonbehalfoftheEstateAgent/EstateAgent (1) Nameof*Salesperson/EstateAgent: (3) NRICNo.: Address: (1) *SalespersonRegistration/EstateAgentLicenceNo.: Telephonenumber: Date: Note:TheEstateAgentmustprovidetheoriginaloracopyofthisAgreementto theLandlordimmediatelyuponsigning. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form3 S644/201038 THIRDSCHEDULE—continued SCHEDULE1 EXPLANATORYNOTES (1)*meansdeleteifnotapplicable.AlldeletionsmustbeinitialedbytheLandlord. (2)Thisformofagreementisonlyapplicableifallorpartofthepropertyto beleasedcomprisesresidentialpropertyinSingapore. (3)IfthereisnoNRICNo.,pleasewriteanothernumbersuchasFIN,passport orcompanyincorporation/registrationNo.,asthecasemaybe. (4)ToinsertfullnameoftheEstateAgent. (5)TheEstateAgentisnotanexclusiveagentandtheLandlordmayalsolease thepropertyhimselforthroughanotheragent. (6)TenantincludesapotentialTenant. (7)IfthereismorethanoneProperty,therelevantaddressesmayberecordedon aseparatesheetandattachedtothisAgreement.Alternatively,aseparate agreementmaybeusedforeachProperty. (8)Aleaseincludesasubleaseandanagreementforleaseorsublease,under whatevername. (9)Therelevantperiodornumberofmonthsshouldbestated.Theamountor rateofcommissionisnegotiablebetweentheLandlordandtheEstateAgent. Inthecaseofrenewaloflease,whetherfurthercommissionispayableand, ifso,howmucharealsomattersthataresubjecttonegotiation. (10)Tostatewhichrenewale.g.1st,2ndor3rd,etc. (11)TheCodeofEthicsandProfessionalClientCareprescribestheEstateAgent’s andSalesperson’sdutytodiscloseandavoidanypotentialoractualconflictof interest. (12)Wherethepartieshavemadeanychoiceabove,theymaysubsequentlyvary suchchoiceinwritingbutsuchvariationmustbedatedandinitialedby theparties.Thepartiesmayalsovarythenon-prescribedAdditionalTerms butsuchvariationmustbeinwriting,datedandinitialedbytheparties. (13)IfthereisaSalespersonrepresentingtheEstateAgentintheproposedlease oftheProperty,theSalespersonshallsignandfillinhisparticulars.Otherwise, iftheEstateAgentactingintheproposedleaseofthePropertyisanatural person,heshallsignandfillinhisparticulars.Ifthereismorethanonesuch SalespersonorEstateAgentwhoisanaturalpersonactingintheproposed leaseoftheProperty,theirname(s)andparticular(s)shallalsobewritten, ifnecessary,onaseparatesheetandattachedtothisAgreement. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form3 39S644/2010 THIRDSCHEDULE—continued SCHEDULE2 DUTIESOFESTATEAGENT TheEstateAgentshall: (a)providereasonableassistanceandadvicetotheLandlordthroughouttheprocess ofleaseoftheProperty. (b)representtheLandlordinnegotiationswithanyprospectiveTenantin accordancewithhisinstructions. (c)promptlyforwardtotheLandlordalloffers,proposalsorexpressionsofinterest frompotentialTenantsortheiragents. (d)advancetheLandlord’sinterestunaffectedbyanyinterestoftheEstateAgent, Salespersonoranyotherperson. (e)assisttheLandlordtoenterintoabindingleasewiththeTenantandreasonably explaintotheLandlordallrelevantformsanddocuments.However,ifthe EstateAgentisindoubtonanymatter,heshallstatehisdoubtandadvise theLandlordtoseekadvicefromappropriateprofessionals. (f)complywithallreasonableinstructionsandrequestsoftheLandlordinrelation tothetransaction. Note:ThefollowingarealsoapplicableinthecaseofHDBproperty (g)advisetheLandlordontheeligibilityoftheLandlordtoleasehisHDBflat. (h)assisttheLandlordoftheHDBflattosubmitsuchforms,documentsand/or informationasmayberequiredbyHDB. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form3 S644/201040 THIRDSCHEDULE—continued Form4 ESTATEAGENCYAGREEMENTFOR THELEASEOFRESIDENTIALPROPERTY BYATENANT ThisformisprescribedbytheCouncilforEstateAgencies(‘‘CEA’’)underthe EstateAgentsAct2010forusewhenanestateagentisauthorisedorengagedby (2) aprospectivetenanttointroducealandlordofresidentialpropertyinSingapore. (1) Note:Whereanumberinbrackets(e.g.)appearsinthisAgreement,please readtheexplanatorynotethatbearsthecorrespondingnumberinSchedule1to thisAgreement.Whereanyspaceprovidedbelowisinsufficient,therelevant particularsshallbewrittenonaseparatesheetandattachedtothisAgreement. 1.PartiestoAgreement AgreementDate:hh/hh/hhhh(dd/mm/yyyy) (3) Tenant(1)Name:______________________NRICNo.:________________ Address:___________________________________________________________ (3) Tenant(2)Name:______________________NRICNo.:________________ Address:___________________________________________________________ (4) NameofEstateAgent:_______________LicenceNo.:________________ Address:___________________________________________________________ 2.AppointmentofEstateAgentbyTenant Theabovetenant(s)(collectivelycalled‘‘Tenant’’)herebyauthorisesand (5) engagestheEstateAgentsubjecttoandinaccordancewiththetermsofthis (6)(7) Agreement,tointroducetohimaLandlordofthefollowingProperty: ___________________________________________________________________ ___________________________________________________________________ _______________________________________________________(‘‘Property’’) 3.ScopeofAgencyandDutiesofEstateAgent TheEstateAgent’sdutiesshallbeassetoutinSchedule2tothisAgreement, inadditiontothedutiesplacedontheEstateAgentbytheothertermsin thisAgreementandanywrittenlaw. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form4 41S644/2010 THIRDSCHEDULE—continued 4.Commission (8) (a)IftheTenantentersintoabindingleaseofthePropertywithaLandlord (9) introducedbytheEstateAgentfor____________,theTenantshallpay (1)(9) theEstateAgentcommissionof*S$____________/____________ rent. GSTispayableuponthecommission:hYeshNo (1) IfYes,thecommissionspecifiedis*inclusive/exclusiveofGST. Note:IfaLandlordintroducedbytheEstateAgenthasenteredintoa bindingleasewiththeTenantinrespectoftheProperty,thename andaddressoftheLandlordandthedateoftheleasemaybe recordedasfollows:________________________________________ __________________________________________________________ (b)TheTenantshallhavenoobligationtopayanycommissiontotheEstate AgentiftheleasingofthePropertyfallsthroughwithoutfaultonthepart oftheTenant. (c)InthecaseofHDBproperty,iftheleasingofthePropertyfallsthrough byreasonoftheTenant’sineligibilitytoleaseunderHDBrulesor regulations,theTenantshallhavenoobligationtopayanycommissionto theEstateAgent. (10) (d)On__________________renewalofthelease,theLandlord*shall/shall (1) notbeliabletopayfurthercommissiontotheEstateAgent.Iffurther commissionispayableuponrenewal,suchcommissionshallamountto (1)(9) *S$____________/____________rentfor____________. 5.DisclosureRequirements (a)TheEstateAgentorSalesperson*has/doesnothaveaconflictorpotential (1)(11) conflictofinterestinactingfortheTenant.IftheEstateAgentor Salespersonhasaconflictorpotentialconflictofinterest,thedetailsareas follows: _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form4 S644/201042 THIRDSCHEDULE—continued (b)IftheEstateAgentorSalespersonhasdeclaredthatthereisnoconflictor potentialconflictofinterestbutaconflictorpotentialconflictofinterest onlyarises(orhebecomesawareoftheconflictorpotentialconflictof interest)aftertheexecutionofthisAgreement,theconflictorpotential conflictofinterestmustbeimmediatelydisclosedinwritingtotheTenant. Uponsuchdisclosure,theEstateAgentandSalespersonmaycontinueto actfortheTenantonlyiftheTenant,beingfullyinformed,consentsin writingtotheEstateAgentandSalespersoncontinuingtoactforhim. 6.Co-broking (1) (a)TheTenant*authorises/doesnotauthorisetheEstateAgentto co-operateorco-brokewithanotherEstateAgenttosecureLandlordsfor theProperty. (b)Ifco-brokingisallowed,thecommissionmaybesharedbetweenthe EstateAgentandaco-brokingagentinsuchamountsasmaybeagreed betweenthembuttheTenantisnotliabletopayanycommissionto theco-brokingagent. 7.SchedulesandNotes TheSchedulesandNotestoorinthisAgreementformpartofthisAgreement. 8.ApplicableLawandDisputeResolution (a)ThisAgreementshallbegovernedbythelawsofSingapore. (b)AnydisputebetweentheTenantandtheEstateAgentarisingoutoforin connectionwiththisAgreement(includinganyquestionregardingits existence,validityortermination)shallfirstberesolvedinthefollowing manner: MediationFirst (i)Thepartiesshallproceedtomediationunderthemediationscheme prescribedbytheCEAunlesstheTenantelectsinwritingnotto mediate. (ii)TheEstateAgentmayasktheTenantinwritingwhetherheelectsto mediateornot.IftheTenantdoesnotreplyormakeanyelection withinthreeweeksofreceiptofsuchenquiry,heshallbedeemedto haveelectedinwritingnottoproceedtomediation. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form4 43S644/2010 THIRDSCHEDULE—continued Arbitration (iii)Ifthedisputeremainsoutstanding(i.e.theTenanthaselectednotto mediateorthedisputeisnotresolvedbymediation),thedisputeshall bereferredtoandfinallyresolvedbyarbitrationinSingaporeunder thearbitrationschemeprescribedbytheCEA,inaccordancewith suchrulesasmaybeprescribed,unlesstheTenantelectsinwriting nottoarbitrate. (iv)TheEstateAgentmayasktheTenantinwritingwhetherheelectsto resolvethedisputebyarbitrationornot.IftheTenantdoesnotreply orexpresslymakeanyelectionwithinthreeweeksofreceiptofsuch enquiry,heshallbedeemedtohaveelectedinwritingnottoresolve thedisputebyarbitrationandneitherpartyshallbeboundtoproceed toarbitration. 9.AdditionalTerms Note:TheprintedtermsprescribedinthisformofAgreementcannotbe deletedorvaried.Ifthepartieswishatanytimetoagreetooraddonany otherterms,theymustbeinwriting,dated,insertedasAdditionalTerms belowandinitialedbytheparties.Ifthespacebelowisinsufficient,the AdditionalTermsaretobewritten/printedinblackinkonaseparatesheetof paperwhichmustbepinkincolorandinafontnotsmallerthanthefontof theaboveterms. TheAdditionalTermscannotconflictwith,varyorotherwiselimitthe (12) prescribedtermsofthisAgreement. ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form4 S644/201044 THIRDSCHEDULE—continued SignedbytheTenant(s)andtheEstateAgent Note:ThepartiesaretoinitialeverypageofthisAgreementincludingtheSchedules andanyattachments. __________________________________ SignedbyTenant(1) *Throughtheinterpretationof______Signedbyinterpreter______________ (3) Date:Interpreter’sNRICNo.: Date: __________________________________ SignedbyTenant(2) *Throughtheinterpretationof______Signedbyinterpreter______________ (3) Date:Interpreter’sNRICNo.: Date: ________________________________________________________________________ (1)(13) Signedby*SalespersonforandonbehalfoftheEstateAgent/EstateAgent (1) Nameof*Salesperson/EstateAgent: (3) NRICNo.: Address: (1) *SalespersonRegistration/EstateAgentLicenceNo.: Telephonenumber: Date: Note:TheEstateAgentmustprovidetheoriginaloracopyofthisAgreementto theTenantimmediatelyuponsigning. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form4 45S644/2010 THIRDSCHEDULE—continued SCHEDULE1 EXPLANATORYNOTES (1)*meansdeleteifnotapplicable.AlldeletionsmustbeinitialedbytheTenant. (2)Thisformofagreementisonlyapplicableifallorpartofthepropertytobe leasedcomprisesresidentialpropertyinSingapore. (3)IfthereisnoNRICNo.,pleasewriteanothernumbersuchasFIN,passport orcompanyincorporation/registrationNo.,asthecasemaybe. (4)ToinsertfullnameoftheEstateAgent. (5)TheEstateAgentisnotanexclusiveagentandtheTenantmayalsolease propertyhimselforthroughanotheragent. (6)LandlordincludesapotentialLandlord. (7)TostatedescriptionofPropertytobeleasede.g.type,localityandrental range.IfthereismorethanoneProperty,therelevantdescriptionsmaybe recordedonaseparatesheetandattachedtothisAgreement.Alternatively, aseparateagreementmaybeusedforeachProperty. (8)Aleaseincludesasubleaseandanagreementforleaseorsublease,under whatevername. (9)Therelevantperiodornumberofmonthsshouldbestated.Theamountor rateofcommissionisnegotiablebetweentheTenantandtheEstateAgent.In thecaseofrenewaloflease,whetherfurthercommissionispayableand,ifso, howmucharealsomattersthataresubjecttonegotiation. (10)Tostatewhichrenewale.g.1st,2ndor3rd,etc. (11)TheCodeofEthicsandProfessionalClientCareprescribestheEstateAgent’s andSalesperson’sdutytodiscloseandavoidanypotentialoractualconflict ofinterest. (12)Wherethepartieshavemadeanychoiceabove,theymaysubsequentlyvary suchchoiceinwritingbutsuchvariationmustbedatedandinitialedbythe parties.Thepartiesmayalsovarythenon-prescribedAdditionalTermsbut suchvariationmustbeinwriting,datedandinitialedbytheparties. (13)IfthereisaSalespersonrepresentingtheEstateAgentintheproposedlease oftheProperty,theSalespersonshallsignandfillinhisparticulars.Otherwise, iftheEstateAgentactingintheproposedleaseofthePropertyisanatural person,heshallsignandfillinhisparticulars.Ifthereismorethanonesuch SalespersonorEstateAgentwhoisanaturalpersonactingintheproposed leaseoftheProperty,theirname(s)andparticular(s)shallalsobewritten,if necessary,onaseparatesheetandattachedtothisAgreement. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form4 S644/201046 THIRDSCHEDULE—continued SCHEDULE2 DUTIESOFESTATEAGENT TheEstateAgentshall: (a)providereasonableassistanceandadvicetotheTenantthroughouttheprocess ofleaseoftheProperty. (b)representtheTenantinnegotiationswithanyprospectiveLandlordin accordancewithhisinstructions. (c)promptlyforwardtotheTenantalloffers,proposalsorexpressionsofinterest frompotentialLandlordsortheiragents. (d)advancetheTenant’sinterestunaffectedbyanyinterestoftheEstateAgent, Salespersonoranyotherperson. (e)assisttheTenanttoenterintoabindingleasewiththeLandlordandreasonably explaintotheTenantallrelevantformsanddocuments.However,iftheEstate Agentisindoubtonanymatter,heshallstatehisdoubtandadvisetheTenant toseekadvicefromappropriateprofessionals. (f)complywithallreasonableinstructionsandrequestsoftheTenantinrelation tothetransaction. Note:ThefollowingarealsoapplicableinthecaseofHDBproperty (g)advisetheTenantontheeligibilityoftheTenanttoleasetheHDBflat. (h)assisttheTenantoftheHDBflattosubmitsuchforms,documentsand/or informationasmayberequiredbyHDB. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form4 47S644/2010 THIRDSCHEDULE—continued Form5 EXCLUSIVEESTATEAGENCYAGREEMENTFOR THESALEOFRESIDENTIALPROPERTY (1)(2) *ORIGINAL/____________RENEWALOFAGREEMENT ThisformisprescribedbytheCouncilforEstateAgencies(‘‘CEA’’)underthe EstateAgentsAct2010forusewhenanestateagentisexclusivelyauthorised (3) orengagedbyaprospectivesellertointroduceabuyerofresidentialpropertyin Singapore. (1) Note:Whereanumberinbrackets(e.g.)appearsinthisAgreement,please readtheexplanatorynotethatbearsthecorrespondingnumberinSchedule1to thisAgreement.Whereanyspaceprovidedbelowisinsufficient,therelevant particularsshallbewrittenonaseparatesheetandattachedtothisAgreement. 1.PartiestoAgreement AgreementDate:hh/hh/hhhh(dd/mm/yyyy) (4) Seller(1)Name:_______________________NRICNo.:________________ Address:___________________________________________________________ (4) Seller(2)Name:_______________________NRICNo.:________________ Address:___________________________________________________________ (5) NameofEstateAgent:_______________LicenceNo.:________________ Address:___________________________________________________________ 2.AppointmentofEstateAgentbySeller Theaboveseller(s)(collectivelycalled‘‘Seller’’)herebyauthorisesandengages theEstateAgent,subjecttoandinaccordancewiththetermsofthisAgreement, (6)(7) tointroducetohimaBuyerofthefollowingPropertyonanexclusivebasis (8): _____________________________________________________________________ _____________________________________________________________________ _________________________________________________________(‘‘Property’’) CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form5 S644/201048 THIRDSCHEDULE—continued 3.ValidityPeriod/Renewal (a)ThisAgreementshalltakeeffectonthe*AgreementDate/___________ (1) (‘‘CommencementDate’’)andshallexpireon____________________ (dd/mm/yyyy)or3calendarmonthsaftertheCommencementDate, whicheverdateisearlier(‘‘ExpiryDate’’).InthisAgreement,theperiod fromtheCommencementDatetotheExpiryDateshallbereferredtoas the‘‘ValidityPeriod’’. (b)ThisAgreementcanonlyberenewedorextendedinthesameprescribed Form(‘‘RenewalofAgreement’’),withthenecessarychangestothe CommencementDateandExpiryDate,andnotinanyothermanner.The partiesmayenterintoanynumberofsuchRenewalofAgreementsbutthe termofeachRenewalofAgreementshallnotexceed3calendarmonths. 4.ScopeofAgencyandDutiesofEstateAgent TheEstateAgent’sdutiesshallbeassetoutinSchedule2tothisAgreement, inadditiontothedutiesplacedontheEstateAgentbytheothertermsin thisAgreementandanywrittenlaw. 5.ExpectedSalePrice TheexpectedsalepriceshallbeSingaporeDollars______________________ (9) ($____________). 6.Commission (a)IfduringtheValidityPeriod,theSellerentersintoabindingagreementfor (10) saleandpurchasewithaBuyer,whethersuchBuyerisintroducedbythe EstateAgentornot,theSellershallpaytheEstateAgentcommissionof (1)(11) *S$____________/attherateof____%ofthetransactedpriceofthe PropertyatthetimeofcompletionofthePropertytransaction. GSTispayableuponthecommission:hYeshNo (1) IfYes,thecommissionspecifiedis*inclusive/exclusiveofGST. (b)IfthePropertyissoldaftertheValidityPeriodbutwithin3calendar monthsaftertheExpiryDate,theSellershallbeliabletopaycommission totheEstateAgentiftheBuyerisapersonwhomtheEstateAgenthad introducedtotheSellerduringtheValidityPeriod. (c)TheSellershallhavenoobligationtopayanycommissiontotheEstate AgentifcompletionofthePropertytransactionfallsthroughwithoutfault onthepartoftheSeller. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form5 49S644/2010 THIRDSCHEDULE—continued (d)InthecaseofHDBproperty,ifcompletionofthePropertytransaction fallsthroughbyreasonoftheSeller’sineligibilitytosellunderHDBrules orregulations,theSellershallhavenoobligationtopayanycommission totheEstateAgent. 7.DisclosureRequirements (a)TheEstateAgentorSalesperson*has/doesnothaveaconflictorpotential (1)(12) conflictofinterestinactingfortheSeller.IftheEstateAgentor Salespersonhasaconflictorpotentialconflictofinterest,thedetailsareas follows: _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ (b)IftheEstateAgentorSalespersonhasdeclaredthatthereisnoconflictor potentialconflictofinterestbutaconflictorpotentialconflictofinterest onlyarises(orhebecomesawareoftheconflictorpotentialconflictof interest)aftertheexecutionofthisAgreement,theconflictorpotential conflictofinterestmustbeimmediatelydisclosedinwritingtotheSeller. Uponsuchdisclosure,theEstateAgentandSalespersonmaycontinueto actfortheSelleronlyiftheSeller,beingfullyinformed,consentsin writingtotheEstateAgentandSalespersoncontinuingtoactforhim. 8.PropertyInspectionandCo-broking (a)TheSelleragreestoallowtheEstateAgenttoshowthepropertyto potentialBuyer(s)(includingtheiragents)atmutuallyagreeabletime(s). (1) (b)TheEstateAgent*may/maynotco-operateorco-brokewithanother EstateAgenttosecureBuyersfortheProperty. (c)Ifco-brokingisallowed,thecommissionmaybesharedbetweenthe EstateAgentandaco-brokingagentinsuchamountsasmaybeagreed betweenthembuttheSellerisnotliabletopayanycommissiontothe co-brokingagent. 9.WarrantybySeller (1) TheSellerwarrantsthatheis*theownerof/dulyauthorisedtosellthe Property. 10.SchedulesandNotes TheSchedulesandNotestoorinthisAgreementformpartofthisAgreement. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form5 S644/201050 THIRDSCHEDULE—continued 11.ApplicableLawandDisputeResolution (a)ThisAgreementshallbegovernedbythelawsofSingapore. (b)AnydisputebetweentheSellerandtheEstateAgentarisingoutoforin connectionwiththisAgreement(includinganyquestionregardingits existence,validityortermination)shallfirstberesolvedinthefollowing manner: MediationFirst (i)Thepartiesshallproceedtomediationunderthemediationscheme prescribedbytheCEAunlesstheSellerelectsinwritingnotto mediate. (ii)TheEstateAgentmayasktheSellerinwritingwhetherheelectsto mediateornot.IftheSellerdoesnotreplyormakeanyelection withinthreeweeksofreceiptofsuchenquiry,heshallbedeemedto haveelectedinwritingnottoproceedtomediation. Arbitration (iii)Ifthedisputeremainsoutstanding(i.e.theSellerhaselectednotto mediateorthedisputeisnotresolvedbymediation),thedisputeshall bereferredtoandfinallyresolvedbyarbitrationinSingaporeunder thearbitrationschemeprescribedbytheCEA,inaccordancewith suchrulesasmaybeprescribed,unlesstheSellerelectsinwritingnot toarbitrate. (iv)TheEstateAgentmayasktheSellerinwritingwhetherheelectsto resolvethedisputebyarbitrationornot.IftheSellerdoesnotreply orexpresslymakeanyelectionwithinthreeweeksofreceiptofsuch enquiry,heshallbedeemedtohaveelectedinwritingnottoresolve thedisputebyarbitrationandneitherpartyshallbeboundtoproceed toarbitration. 12.AdditionalTerms Note:TheprintedtermsprescribedinthisformofAgreementcannotbe deletedorvaried.Ifthepartieswishatanytimetoagreetooraddonany otherterms,theymustbeinwriting,dated,insertedasAdditionalTerms belowandinitialedbytheparties.Ifthespacebelowisinsufficient,the AdditionalTermsaretobewritten/printedinblackinkonaseparatesheetof paperwhichmustbepinkincolorandinafontnotsmallerthanthefontof theaboveterms. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form5 51S644/2010 THIRDSCHEDULE—continued TheAdditionalTermscannotconflictwith,varyorotherwiselimitthe (13) prescribedtermsofthisAgreement. ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ SignedbytheSeller(s)andtheEstateAgent Note:ThepartiesaretoinitialeverypageofthisAgreementincludingtheSchedules andanyattachments. __________________________________ SignedbySeller(1) *Throughtheinterpretationof______Signedbyinterpreter______________ (4) Date:Interpreter’sNRICNo.: Date: __________________________________ SignedbySeller(2) *Throughtheinterpretationof______Signedbyinterpreter______________ (4) Date:Interpreter’sNRICNo.: Date: ________________________________________________________________________ (1)(14) Signedby*SalespersonforandonbehalfoftheEstateAgent/EstateAgent (1) Nameof*Salesperson/EstateAgent: (4) NRICNo.: Address: (1) *SalespersonRegistration/EstateAgentLicenceNo.: Telephonenumber: Date: Note:TheEstateAgentmustprovidetheoriginaloracopyofthisAgreementto theSellerimmediatelyuponsigning. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form5 S644/201052 THIRDSCHEDULE—continued SCHEDULE1 EXPLANATORYNOTES (1)*meansdeleteifnotapplicable.AlldeletionsmustbeinitialedbytheSeller. (2)Tostatewhichrenewale.g.1st,2ndor3rd,etc. (3)Thisformofagreementisonlyapplicableifallorpartofthepropertytobe soldcomprisesresidentialpropertyinSingapore. (4)IfthereisnoNRICNo.,pleasewriteanothernumbersuchasFIN,passport orcompanyincorporation/registrationNo.,asthecasemaybe. (5)ToinsertfullnameofEstateAgent. (6)BuyerincludesapotentialBuyer. (7)Inanexclusiveappointment,theSelleragreesnottoappointanyotheragent duringtheValidityPeriod.ShouldtheSellerfindhisownBuyerorsellthe Propertythroughanotheragent,hewouldbeliabletopaycommissionto theEstateAgent. (8)IfthereismorethanoneProperty,therelevantaddressesmayberecordedon aseparatesheetandattachedtothisAgreement.Alternatively,aseparate agreementmaybeusedforeachProperty. (9)TheSellerdoesnotconferupontheEstateAgent,byvirtueofthisclause, therighttomakeoracceptanofferonbehalfoftheSeller.Theexpected salepriceisforthepurposeoflistingoradvertisingonly. (10)Anagreementforsaleandpurchasemaytaketheformofanexecutedsale andpurchaseagreementoranoptiontopurchasewhichhasbeenexercisedby theBuyer. (11)TheamountorrateofcommissionisnegotiablebetweentheSellerandthe EstateAgent. (12)TheCodeofEthicsandProfessionalClientCareprescribestheEstateAgent’s andSalesperson’sdutytodiscloseandavoidanypotentialoractualconflictof interest. (13)Wherethepartieshavemadeanychoiceabove,theymaysubsequentlyvary suchchoiceinwritingbutsuchvariationmustbedatedandinitialedby theparties.Thepartiesmayalsovarythenon-prescribedAdditionalTerms butsuchvariationmustbeinwriting,datedandinitialedbytheparties. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form5 53S644/2010 THIRDSCHEDULE—continued (14)IfthereisaSalespersonrepresentingtheEstateAgentintheproposedsaleof theProperty,theSalespersonshallsignandfillinhisparticulars.Otherwise, iftheEstateAgentactingintheproposedsaleofthePropertyisanatural person,heshallsignandfillinhisparticulars.Ifthereismorethanonesuch SalespersonorEstateAgentwhoisanaturalpersonactingintheproposed saleoftheProperty,theirname(s)andparticular(s)shallalsobewritten,if necessary,onaseparatesheetandattachedtothisAgreement. SCHEDULE2 DUTIESOFESTATEAGENT TheEstateAgentshall: (a)obtaininformationinrelationtothePropertyfromtheSeller. (b)marketandpromotethePropertywithreasonablediligenceinaccordancewith theSeller’sreasonableinstructions.Unlessotherwiseagreedinwritingby theSeller,suchmarketingandpromotionshallbeattheEstateAgent’scost. (c)arrangeforpotentialBuyerstoviewtheProperty. (d)providereasonableassistanceandadvicetotheSellerthroughouttheprocess ofsaleoftheProperty. (e)representtheSellerinnegotiationswithanyprospectiveBuyerinaccordance withhisinstructions. (f)promptlyforwardtotheSelleralloffers,proposalsorexpressionsofinterest frompotentialBuyersortheiragents. (g)advancetheSeller’sinterestunaffectedbyanyinterestoftheEstateAgent, Salespersonoranyotherperson. (h)assisttheSellertoenterintoabindingagreementforsaleandpurchasewiththe BuyerandreasonablyexplaintotheSellerallrelevantformsanddocuments. However,iftheEstateAgentisindoubtonanymatter,heshallstatehisdoubt andadvisetheSellertoseekadvicefromappropriateprofessionals. (i)complywithallreasonableinstructionsandrequestsoftheSellerinrelationto thetransaction. Note:ThefollowingarealsoapplicableinthecaseofHDBproperty (j)advisetheSellerontheeligibilityoftheSellertosellhisHDBflat. (k)explainandgothroughtheresalechecklistwiththeSelleroftheHDBflatand checkwiththeSelleronwhethertherenovationsmadeweredulyauthorised. (l)assisttheSelleroftheHDBflattosubmitsuchforms,documentsand/or informationasmayberequiredbyHDBtoprocesstheapplicationforsale. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form5 S644/201054 THIRDSCHEDULE—continued Form6 EXCLUSIVEESTATEAGENCYAGREEMENT FORTHEPURCHASEOFRESIDENTIALPROPERTY (1)(2) *ORIGINAL/____________RENEWALOFAGREEMENT ThisformisprescribedbytheCouncilforEstateAgencies(‘‘CEA’’)under theEstateAgentsAct2010forusewhenanestateagentisexclusivelyauthorised (3) orengagedbyaprospectivebuyertointroduceasellerofresidentialproperty inSingapore. (1) Note:Whereanumberinbrackets(e.g.)appearsinthisAgreement,please readtheexplanatorynotethatbearsthecorrespondingnumberinSchedule1to thisAgreement.Whereanyspaceprovidedbelowisinsufficient,therelevant particularsshallbewrittenonaseparatesheetandattachedtothisAgreement. 1.PartiestoAgreement AgreementDate:hh/hh/hhhh(dd/mm/yyyy) (4) Buyer(1)Name:______________________NRICNo.:________________ Address:___________________________________________________________ (4) Buyer(2)Name:______________________NRICNo.:________________ Address:___________________________________________________________ (5) NameofEstateAgent:_______________LicenceNo.:________________ Address:___________________________________________________________ 2.AppointmentofEstateAgentbyBuyer Theabovebuyer(s)(collectivelycalled‘‘Buyer’’)herebyauthorisesandengages theEstateAgent,subjecttoandinaccordancewiththetermsofthisAgreement, (6)(7) tointroducetohimaSellerofthefollowingPropertyonanexclusivebasis (8): _____________________________________________________________________ _____________________________________________________________________ _________________________________________________________(‘‘Property’’) CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form6 55S644/2010 THIRDSCHEDULE—continued 3.ValidityPeriod/Renewal (a)ThisAgreementshalltakeeffectonthe*AgreementDate/__________ (1) (‘‘CommencementDate’’)andshallexpireon____________________ (dd/mm/yyyy)or3calendarmonthsaftertheCommencementDate, whicheverdateisearlier(‘‘ExpiryDate’’).InthisAgreement,theperiod fromtheCommencementDatetotheExpiryDateshallbereferredtoas the‘‘ValidityPeriod’’. (b)ThisAgreementcanonlyberenewedorextendedinthesameprescribed Form(‘‘RenewalofAgreement’’),withthenecessarychangestothe CommencementDateandExpiryDate,andnotinanyothermanner. ThepartiesmayenterintoanynumberofsuchRenewalofAgreements butthetermofeachRenewalofAgreementshallnotexceed3calendar months. 4.ScopeofAgencyandDutiesofEstateAgent TheEstateAgent’sdutiesshallbeassetoutinSchedule2tothisAgreement, inadditiontothedutiesplacedontheEstateAgentbytheothertermsin thisAgreementandanywrittenlaw. 5.Commission (a)IfduringtheValidityPeriod,theBuyerentersintoabindingagreement (9) forsaleandpurchasewithaSeller,whethersuchSellerisintroducedby theEstateAgentornot,theBuyershallpaytheEstateAgentcommission (1)(10) of*S$____________/attherateof____%ofthetransactedpriceof thePropertyatthetimeofcompletionofthePropertytransaction. GSTispayableuponthecommission:hYeshNo (1) IfYes,thecommissionspecifiedis*inclusive/exclusiveofGST. (b)IfthePropertyispurchasedbytheBuyeraftertheValidityPeriodbut within3calendarmonthsaftertheExpiryDate,theBuyershallbeliable topaycommissiontotheEstateAgentif,duringtheValidityPeriod,the availabilityofthePropertyforpurchasefromtheSellerwasmadeknown totheBuyerbytheEstateAgent. (c)TheBuyershallhavenoobligationtopayanycommissiontotheEstate AgentifcompletionofthePropertytransactionfallsthroughwithoutfault onthepartoftheBuyer. (d)InthecaseofHDBproperty,ifcompletionofthePropertytransaction fallsthroughbyreasonoftheBuyer’sineligibilitytobuyunderHDBrules orregulations,theBuyershallhavenoobligationtopayanycommission totheEstateAgent. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form6 S644/201056 THIRDSCHEDULE—continued 6.DisclosureRequirements (a)TheEstateAgentorSalesperson*has/doesnothaveaconflictorpotential (1)(11) conflictofinterestinactingfortheBuyer.IftheEstateAgentor Salespersonhasaconflictorpotentialconflictofinterest,thedetailsareas follows: _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ (b)IftheEstateAgentorSalespersonhasdeclaredthatthereisnoconflictor potentialconflictofinterestbutaconflictorpotentialconflictofinterest onlyarises(orhebecomesawareoftheconflictorpotentialconflictof interest)aftertheexecutionofthisAgreement,theconflictorpotential conflictofinterestmustbeimmediatelydisclosedinwritingtotheBuyer. Uponsuchdisclosure,theEstateAgentandSalespersonmaycontinueto actfortheBuyeronlyiftheBuyer,beingfullyinformed,consentsin writingtotheEstateAgentandSalespersoncontinuingtoactforhim. 7.Co-broking (1) (a)TheBuyer*authorises/doesnotauthorisetheEstateAgenttoco-operate orco-brokewithanotheragenttosecureSellersfortheProperty. (b)Ifco-brokingisallowed,thecommissionmaybesharedbetweenthe EstateAgentandaco-brokingagentinsuchamountsasmaybeagreed betweenthembuttheBuyerisnotliabletopayanycommissionto theco-brokingagent. 8.SchedulesandNotes TheSchedulesandNotestoorinthisAgreementformpartofthisAgreement. 9.ApplicableLawandDisputeResolution (a)ThisAgreementshallbegovernedbythelawsofSingapore. (b)AnydisputebetweentheBuyerandtheEstateAgentarisingoutofor inconnectionwiththisAgreement(includinganyquestionregardingits existence,validityortermination)shallfirstberesolvedinthefollowing manner: MediationFirst (i)Thepartiesshallproceedtomediationunderthemediationscheme prescribedbytheCEAunlesstheBuyerelectsinwritingnotto mediate. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form6 57S644/2010 THIRDSCHEDULE—continued (ii)TheEstateAgentmayasktheBuyerinwritingwhetherheelectsto mediateornot.IftheBuyerdoesnotreplyormakeanyelection withinthreeweeksofreceiptofsuchenquiry,heshallbedeemedto haveelectedinwritingnottoproceedtomediation. Arbitration (iii)Ifthedisputeremainsoutstanding(i.e.theBuyerhaselectednotto mediateorthedisputeisnotresolvedbymediation),thedisputeshall bereferredtoandfinallyresolvedbyarbitrationinSingaporeunder thearbitrationschemeprescribedbytheCEA,inaccordancewith suchrulesasmaybeprescribed,unlesstheBuyerelectsinwritingnot toarbitrate. (iv)TheEstateAgentmayasktheBuyerinwritingwhetherheelectsto resolvethedisputebyarbitrationornot.IftheBuyerdoesnotreply orexpresslymakeanyelectionwithinthreeweeksofreceiptofsuch enquiry,heshallbedeemedtohaveelectedinwritingnottoresolve thedisputebyarbitrationandneitherpartyshallbeboundtoproceed toarbitration. 11.AdditionalTerms Note:TheprintedtermsprescribedinthisformofAgreementcannotbe deletedorvaried.Ifthepartieswishatanytimetoagreetooraddonany otherterms,theymustbeinwriting,dated,insertedasAdditionalTerms belowandinitialedbytheparties.Ifthespacebelowisinsufficient,the AdditionalTermsaretobewritten/printedinblackinkonaseparatesheetof paperwhichmustbepinkincolorandinafontnotsmallerthanthefontof theaboveterms. TheAdditionalTermscannotconflictwith,varyorotherwiselimitthe (12) prescribedtermsofthisAgreement. ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form6 S644/201058 THIRDSCHEDULE—continued SignedbytheBuyer(s)andtheEstateAgent Note:ThepartiesaretoinitialeverypageofthisAgreementincludingtheSchedules andanyattachments. __________________________________ SignedbyBuyer(1) *Throughtheinterpretationof______Signedbyinterpreter______________ (4) Date:Interpreter’sNRICNo.: Date: __________________________________ SignedbyBuyer(2) *Throughtheinterpretationof______Signedbyinterpreter______________ (4) Date:Interpreter’sNRICNo.: Date: ________________________________________________________________________ (1)(13) Signedby*SalespersonforandonbehalfoftheEstateAgent/EstateAgent (1) Nameof*Salesperson/EstateAgent: (4) NRICNo.: Address: (1) *SalespersonRegistration/EstateAgentLicenceNo.: Telephonenumber: Date: Note:TheEstateAgentmustprovidetheoriginaloracopyofthisAgreementto theBuyerimmediatelyuponsigning. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form6 59S644/2010 THIRDSCHEDULE—continued SCHEDULE1 EXPLANATORYNOTES (1)*meansdeleteifnotapplicable.AlldeletionsmustbeinitialedbytheBuyer. (2)Tostatewhichrenewale.g.1st,2ndor3rd,etc. (3)Thisformofagreementisonlyapplicableifallorpartofthepropertytobe purchasedcomprisesresidentialpropertyinSingapore. (4)IfthereisnoNRICNo.,pleasewriteanothernumbersuchasFIN,passport orcompanyincorporation/registrationNo.,asthecasemaybe. (5)ToinsertfullnameofEstateAgent. (6)SellerincludesapotentialSeller. (7)Inanexclusiveappointment,theBuyeragreesnottoappointanyotheragent duringtheValidityPeriod.ShouldtheBuyerbuythePropertyhimselfdirectly orthroughanotheragent,hewouldbeliabletopaycommissiontotheEstate Agent. (8)TostatedescriptionofPropertytobepurchasede.g.type,localityandprice range.IfthereismorethanoneProperty,therelevantdescriptionsmaybe recordedonaseparatesheetandattachedtothisAgreement.Alternatively, aseparateagreementmaybeusedforeachProperty. (9)Anagreementforsaleandpurchasemaytaketheformofanexecutedsale andpurchaseagreementoranoptiontopurchasewhichhasbeenexercisedby theBuyer. (10)TheamountorrateofcommissionisnegotiablebetweentheBuyerandthe EstateAgent. (11)TheCodeofEthicsandProfessionalClientCareprescribestheEstateAgent’s andSalesperson’sdutytodiscloseandavoidanypotentialoractualconflictof interest. (12)Wherethepartieshavemadeanychoiceabove,theymaysubsequentlyvary suchchoiceinwritingbutsuchvariationmustbedatedandinitialedbythe parties.Thepartiesmayalsovarythenon-prescribedAdditionalTermsbut suchvariationmustbeinwriting,datedandinitialedbytheparties. (13)IfthereisaSalespersonrepresentingtheEstateAgentintheproposedpurchase oftheProperty,theSalespersonshallsignandfillinhisparticulars.Otherwise, iftheEstateAgentactingintheproposedpurchaseofthePropertyisanatural person,heshallsignandfillinhisparticulars.Ifthereismorethanonesuch SalespersonorEstateAgentwhoisanaturalpersonactingintheproposed purchaseoftheProperty,theirname(s)andparticular(s)shallalsobewritten, ifnecessary,onaseparatesheetandattachedtothisAgreement. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form6 S644/201060 THIRDSCHEDULE—continued SCHEDULE2 DUTIESOFESTATEAGENT TheEstateAgentshall: (a)searchforandlocatesuitablepropertiesinaccordancewiththeBuyer’s instructionsforconsiderationorviewingbytheBuyer. (b)providereasonableassistanceandadvicetotheBuyerthroughouttheprocess ofpurchaseoftheProperty. (c)representtheBuyerinnegotiationswithanypotentialSellerinaccordancewith hisinstructions. (d)promptlyforwardtotheBuyeralloffers,proposalsorexpressionsofinterest frompotentialSellersortheiragents. (e)advancetheBuyer’sinterestunaffectedbyanyinterestoftheEstateAgent, Salespersonoranyotherperson. (f)assisttheBuyertoenterintoabindingagreementforsaleandpurchasewiththe SellerandreasonablyexplaintotheBuyerallrelevantformsanddocuments. However,iftheEstateAgentisindoubtonanymatter,heshallstatehisdoubt andadvisetheBuyertoseekadvicefromappropriateprofessionals. (g)complywithallreasonableinstructionsandrequestsoftheBuyerinrelationto thetransaction. Note:ThefollowingarealsoapplicableinthecaseofHDBproperty (h)advisetheBuyerontheeligibilityoftheBuyertobuytheHDBflat. (i)explainandgothroughtheresalechecklistwiththeBuyerandexplaintothe BuyertheimplicationsiftherenovationsmadetotheHDBflatwerenotduly authorised. (j)assisttheBuyeroftheHDBflattosubmitsuchforms,documentsand/or informationasmayberequiredbyHDBtoprocesstheapplicationforpurchase. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form6 61S644/2010 THIRDSCHEDULE—continued Form7 EXCLUSIVEESTATEAGENCYAGREEMENTFOR THELEASEOFRESIDENTIALPROPERTY BYALANDLORD (1)(2) *ORIGINAL/____________RENEWALOFAGREEMENT ThisformisprescribedbytheCouncilforEstateAgencies(‘‘CEA’’)underthe EstateAgentsAct2010forusewhenanestateagentisexclusivelyauthorisedor (3) engagedbyaprospectivelandlordtointroduceatenantofresidentialproperty inSingapore. (1) Note:Whereanumberinbrackets(e.g.)appearsinthisAgreement,please readtheexplanatorynotethatbearsthecorrespondingnumberinSchedule1to thisAgreement.Whereanyspaceprovidedbelowisinsufficient,therelevant particularsshallbewrittenonaseparatesheetandattachedtothisAgreement. 1.PartiestoAgreement AgreementDate:hh/hh/hhhh(dd/mm/yyyy) (4) Landlord(1)Name:____________________NRICNo.:________________ Address:___________________________________________________________ (4) Landlord(2)Name:____________________NRICNo.:________________ Address:___________________________________________________________ (5) NameofEstateAgent:_______________LicenceNo.:________________ Address:___________________________________________________________ 2.AppointmentofEstateAgentbyLandlord TheaboveLandlord(s)(collectivelycalled‘‘Landlord’’)herebyauthorisesand engagestheEstateAgent,subjecttoandinaccordancewiththetermsofthis (6) Agreement,tointroducetohimaTenantofthefollowingPropertyonan (7)(8) exclusivebasis: ___________________________________________________________________ ___________________________________________________________________ _______________________________________________________(‘‘Property’’) CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form7 S644/201062 THIRDSCHEDULE—continued 3.ValidityPeriod/Renewal (a)ThisAgreementshalltakeeffectonthe*AgreementDate/___________ (1) (‘‘CommencementDate’’)andshallexpireon____________________ (dd/mm/yyyy)or3calendarmonthsaftertheCommencementDate, whicheverdateisearlier(‘‘ExpiryDate’’).InthisAgreement,theperiod fromtheCommencementDatetotheExpiryDateshallbereferredtoas the‘‘ValidityPeriod’’. (b)ThisAgreementcanonlyberenewedorextendedinthesameprescribed Form(‘‘RenewalofAgreement’’),withthenecessarychangestothe CommencementDateandExpiryDate,andnotinanyothermanner. ThepartiesmayenterintoanynumberofsuchRenewalofAgreements butthetermofeachRenewalofAgreementshallnotexceed3calendar months. 4.ScopeofAgencyandDutiesofEstateAgent TheEstateAgent’sdutiesshallbeassetoutinSchedule2tothisAgreement, inadditiontothedutiesplacedontheEstateAgentbytheothertermsin thisAgreementandanywrittenlaw. 5.ExpectedRentalandCollectionofMoney TheexpectedrentalshallbeSingaporeDollars_________________________ (9) ($____________)per____________. 6.Commission (10) (a)IfduringtheValidityPeriod,theLandlordentersintoabindinglease (11) ofthePropertyfor_______________withaTenant,whethersuch TenantisintroducedbytheEstateAgentornot,theLandlordshallpay (1)(11) theEstateAgentcommissionof*S$____________/____________ rent. GSTispayableuponthecommission:hYeshNo (1) IfYes,thecommissionspecifiedis*inclusive/exclusiveofGST. (b)IfthePropertyisleasedaftertheValidityPeriodbutwithin3calendar monthsaftertheExpiryDate,theLandlordshallbeliabletopay commissiontotheEstateAgentiftheTenantisapersonwhomtheEstate AgenthadintroducedtotheLandlordduringtheValidityPeriod. (c)TheLandlordshallhavenoobligationtopayanycommissiontothe EstateAgentiftheleasingofthePropertyfallsthroughwithoutfaulton thepartoftheLandlord. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form7 63S644/2010 THIRDSCHEDULE—continued (d)InthecaseofHDBproperty,iftheleasingofthePropertyfallsthrough byreasonoftheLandlord’sineligibilitytoleaseunderHDBrulesor regulations,theLandlordshallhavenoobligationtopayanycommission totheEstateAgent. (2) (e)On__________________renewalofthelease,theLandlord*shall/shall (1) notbeliabletopayfurthercommissiontotheAgent.Iffurther commissionispayableuponrenewal,suchcommissionshallamountto (1)(11) *S$____________/____________rentfor____________. 7.DisclosureRequirements (a)TheEstateAgentorSalesperson*has/doesnothaveaconflictorpotential (1)(12) conflictofinterestinactingfortheLandlord.IftheEstateAgentor Salespersonhasaconflictorpotentialconflictofinterest,thedetailsare asfollows: _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ (b)IftheEstateAgentorSalespersonhasdeclaredthatthereisnoconflictor potentialconflictofinterestbutaconflictorpotentialconflictofinterest onlyarises(orhebecomesawareoftheconflictorpotentialconflictof interest)aftertheexecutionofthisAgreement,theconflictorpotential conflictofinterestmustbeimmediatelydisclosedinwritingtotheLandlord. Uponsuchdisclosure,theEstateAgentandSalespersonmaycontinueto actfortheLandlordonlyiftheLandlord,beingfullyinformed,consents inwritingtotheEstateAgentandSalespersoncontinuingtoactforhim. 8.PropertyInspectionandCo-broking (a)TheLandlordagreestoallowtheEstateAgenttoshowthepropertyto potentialTenant(s)(includingtheiragents)atmutuallyagreeabletime(s). (1) (b)TheEstateAgent*may/maynotco-operateorco-brokewithanother EstateAgenttosecureTenantsfortheProperty. (c)Ifco-brokingisallowed,thecommissionmaybesharedbetweenthe EstateAgentandaco-brokingagentinsuchamountsasmaybeagreed betweenthembuttheLandlordisnotliabletopayanycommissionto theco-brokingagent. 9.WarrantybyLandlord (1) TheLandlordwarrantsthatheis*theownerof/dulyauthorisedtolease theProperty. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form7 S644/201064 THIRDSCHEDULE—continued 10.SchedulesandNotes TheSchedulesandNotestoorinthisAgreementformpartofthisAgreement. 11.ApplicableLawandDisputeResolution (a)ThisAgreementshallbegovernedbythelawsofSingapore. (b)AnydisputebetweentheLandlordandtheEstateAgentarisingoutofor inconnectionwiththisAgreement(includinganyquestionregardingits existence,validityortermination)shallfirstberesolvedinthefollowing manner: MediationFirst (i)Thepartiesshallproceedtomediationunderthemediationscheme prescribedbytheCEAunlesstheLandlordelectsinwritingnotto mediate. (ii)TheEstateAgentmayasktheLandlordinwritingwhetherheelects tomediateornot.IftheLandlorddoesnotreplyormakeanyelection withinthreeweeksofreceiptofsuchenquiry,heshallbedeemed tohaveelectedinwritingnottoproceedtomediation. Arbitration (iii)Ifthedisputeremainsoutstanding(i.e.theLandlordhaselectednot tomediateorthedisputeisnotresolvedbymediation),thedispute shallbereferredtoandfinallyresolvedbyarbitrationinSingapore underthearbitrationschemeprescribedbytheCEA,inaccordance withsuchrulesasmaybeprescribed,unlesstheLandlordelectsin writingnottoarbitrate. (iv)TheEstateAgentmayasktheLandlordinwritingwhetherheelects toresolvethedisputebyarbitrationornot.IftheLandlorddoesnot replyorexpresslymakeanyelectionwithinthreeweeksofreceipt ofsuchenquiry,heshallbedeemedtohaveelectedinwritingnot toresolvethedisputebyarbitrationandneitherpartyshallbebound toproceedtoarbitration. 12.AdditionalTerms Note:TheprintedtermsprescribedinthisformofAgreementcannotbe deletedorvaried.Ifthepartieswishatanytimetoagreetooraddonanyother terms,theymustbeinwriting,dated,insertedasAdditionalTermsbelowand initialedbytheparties.Ifthespacebelowisinsufficient,theAdditionalTerms aretobewritten/printedinblackinkonaseparatesheetofpaperwhichmust bepinkincolorandinafontnotsmallerthanthefontoftheaboveterms. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form7 65S644/2010 THIRDSCHEDULE—continued TheAdditionalTermscannotconflictwith,varyorotherwiselimitthe (13) prescribedtermsofthisAgreement. ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ SignedbytheLandlord(s)andtheEstateAgent Note:ThepartiesaretoinitialeverypageofthisAgreementincludingtheSchedules andanyattachments. __________________________________ SignedbyLandlord(1) *Throughtheinterpretationof______Signedbyinterpreter______________ (4) Date:Interpreter’sNRICNo.: Date: __________________________________ SignedbyLandlord(2) *Throughtheinterpretationof______Signedbyinterpreter______________ (4) Date:Interpreter’sNRICNo.: Date: ________________________________________________________________________ (1)(14) Signedby*SalespersonforandonbehalfoftheEstateAgent/EstateAgent (1) Nameof*Salesperson/EstateAgent: (4) NRICNo.: Address: (1) *SalespersonRegistration/EstateAgentLicenceNo.: Telephonenumber: Date: Note:TheEstateAgentmustprovidetheoriginaloracopyofthisAgreementto theLandlordimmediatelyuponsigning. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form7 S644/201066 THIRDSCHEDULE—continued SCHEDULE1 EXPLANATORYNOTES (1)*meansdeleteifnotapplicable.AlldeletionsmustbeinitialedbytheLandlord. (2)Tostatewhichrenewale.g.1st,2ndor3rd,etc. (3)Thisformofagreementisonlyapplicableifallorpartofthepropertytobe leasedcomprisesresidentialpropertyinSingapore. (4)IfthereisnoNRICNo.,pleasewriteanothernumbersuchasFIN,passport orcompanyincorporation/registrationNo.,asthecasemaybe. (5)ToinsertfullnameofEstateAgent. (6)TenantincludesapotentialTenant. (7)Inanexclusiveappointment,theLandlordagreesnottoappointanyotheragent duringtheValidityPeriod.ShouldtheLandlordleasethePropertyhimself directlyorthroughanotheragent,hewouldbeliabletopaycommissiontothe EstateAgent. (8)IfthereismorethanoneProperty,therelevantaddressesmayberecordedon aseparatesheetandattachedtothisAgreement.Alternatively,aseparate agreementmaybeusedforeachProperty. (9)TheLandlorddoesnotconferupontheEstateAgent,byvirtueofthisclause, therighttomakeoracceptanofferonbehalfoftheLandlord.Theexpected rentalisforthepurposeoflistingoradvertisingonly. (10)Aleaseincludesasubleaseandanagreementforleaseorsublease,under whatevername. (11)Therelevantperiodornumberofmonthsshouldbestated.Theamountor rateofcommissionisnegotiablebetweentheLandlordandtheEstateAgent. Inthecaseofrenewaloflease,whetherfurthercommissionispayableand, ifso,howmucharealsomattersthataresubjecttonegotiation. (12)TheCodeofEthicsandProfessionalClientCareprescribestheEstateAgent’s andSalesperson’sdutytodiscloseandavoidanypotentialoractualconflictof interest. (13)Wherethepartieshavemadeanychoiceabove,theymaysubsequentlyvary suchchoiceinwritingbutsuchvariationmustbedatedandinitialedby theparties.Thepartiesmayalsovarythenon-prescribedAdditionalTerms butsuchvariationmustbeinwriting,datedandinitialedbytheparties. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form7 67S644/2010 THIRDSCHEDULE—continued (14)IfthereisaSalespersonrepresentingtheEstateAgentintheproposedlease oftheProperty,theSalespersonshallsignandfillinhisparticulars.Otherwise, iftheEstateAgentactingintheproposedleaseofthePropertyisanatural person,heshallsignandfillinhisparticulars.Ifthereismorethanonesuch SalespersonorEstateAgentwhoisanaturalpersonactingintheproposed leaseoftheProperty,theirname(s)andparticular(s)shallalsobewritten,if necessary,onaseparatesheetandattachedtothisAgreement. SCHEDULE2 DUTIESOFESTATEAGENT TheEstateAgentshall: (a)obtaininformationinrelationtothePropertyfromtheLandlord. (b)marketandpromotethePropertywithreasonablediligenceinaccordancewith theLandlord’sreasonableinstructions.Unlessotherwiseagreedinwritingby theLandlord,suchmarketingandpromotionshallbeattheEstateAgent’scost. (c)arrangeforpotentialTenantstoviewtheProperty. (d)providereasonableassistanceandadvicetotheLandlordthroughouttheprocess ofleasingtheProperty. (e)representtheLandlordinnegotiationswithanyprospectiveTenantin accordancewithhisinstructions. (f)promptlyforwardtotheLandlordalloffers,proposalsorexpressionsof interestfrompotentialTenantsortheiragents. (g)advancetheLandlord’sinterestunaffectedbyanyinterestoftheEstateAgent, Salespersonoranyotherperson. (h)assisttheLandlordtoenterintoabindingleasewiththeTenantandreasonably explaintotheLandlordallrelevantformsanddocuments.However,if theEstateAgentisindoubtonanymatter,heshallstatehisdoubtandadvise theLandlordtoseekadvicefromappropriateprofessionals. (i)complywithallreasonableinstructionsandrequestsoftheLandlordinrelation tothetransaction. Note:ThefollowingarealsoapplicableinthecaseofHDBproperty (j)advisetheLandlordontheeligibilityoftheLandlordtoleasehisHDBflat. (k)assisttheLandlordoftheHDBflattosubmitsuchforms,documentsand/or informationasmayberequiredbyHDB. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form7 S644/201068 THIRDSCHEDULE—continued Form8 EXCLUSIVEESTATEAGENCYAGREEMENTFOR THELEASEOFRESIDENTIALPROPERTY BYATENANT (1)(2) *ORIGINAL/____________RENEWALAGREEMENT ThisformisprescribedbytheCouncilforEstateAgencies(‘‘CEA’’)underthe EstateAgentsAct2010forusewhenanestateagentisexclusivelyauthorisedor (3) engagedbyaprospectivetenanttointroducealandlordofresidentialproperty inSingapore. (1) Note:Whereanumberinbrackets(e.g.)appearsinthisAgreement,please readtheexplanatorynotethatbearsthecorrespondingnumberinSchedule1to thisAgreement.Whereanyspaceprovidedbelowisinsufficient,therelevant particularsshallbewrittenonaseparatesheetandattachedtothisAgreement. 1.PartiestoAgreement AgreementDate:hh/hh/hhhh(dd/mm/yyyy) (4) Tenant(1)Name:______________________NRICNo.:________________ Address:___________________________________________________________ (4) Tenant(2)Name:______________________NRICNo.:________________ Address:___________________________________________________________ (5) NameofEstateAgent:_______________LicenceNo.:________________ Address:___________________________________________________________ 2.AppointmentofEstateAgentbyTenant Theabovetenant(s)(collectivelycalled‘‘Tenant’’)herebyauthorisesand engagestheEstateAgent,subjecttoandinaccordancewiththetermsof (6) thisAgreement,tointroducetohimaLandlordofthefollowingPropertyon (7)(8) anexclusivebasis: ___________________________________________________________________ ___________________________________________________________________ _______________________________________________________(‘‘Property’’) CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form8 69S644/2010 THIRDSCHEDULE—continued 3.ValidityPeriod/Renewal (a)ThisAgreementshalltakeeffectonthe*AgreementDate/___________ (1) (‘‘CommencementDate’’)andshallexpireon____________________ (dd/mm/yyyy)or3calendarmonthsaftertheCommencementDate, whicheverdateisearlier(‘‘ExpiryDate’’).InthisAgreement,theperiod fromtheCommencementDatetotheExpiryDateshallbereferredtoas the‘‘ValidityPeriod’’. (b)ThisAgreementcanonlyberenewedorextendedinthesameprescribed Form(‘‘RenewalofAgreement’’),withthenecessarychangestothe CommencementDateandExpiryDate,andnotinanyothermanner.The partiesmayenterintoanynumberofsuchRenewalofAgreementsbutthe termofeachRenewalofAgreementshallnotexceed3calendarmonths. 4.ScopeofAgencyandDutiesofEstateAgent TheEstateAgent’sdutiesshallbeassetoutinSchedule2tothisAgreement, inadditiontothedutiesplacedontheEstateAgentbytheothertermsin thisAgreementandanywrittenlaw. 5.Commission (9) (a)IfduringtheValidityPeriod,theTenantentersintoabindingleaseof (10) thePropertyfor____________withaLandlord,whethersuchLandlord isintroducedbytheEstateAgentornot,theTenantshallpaytheEstate (1)(10) Agentcommissionof*S$____________/____________rent. GSTispayableuponthecommission:hYeshNo (1) IfYes,thecommissionspecifiedis*inclusive/exclusiveofGST. (b)IfthePropertyisleasedaftertheValidityPeriodbutwithin3calendar monthsaftertheExpiryDate,theTenantshallbeliabletopaycommission totheEstateAgentifduringtheValidityPeriod,theavailabilityofthe PropertyforleasefromtheLandlordwasmadeknowntotheTenantby theEstateAgent. (c)TheTenantshallhavenoobligationtopayanycommissiontotheEstate AgentiftheleasingofthePropertyfallsthroughwithoutfaultonthepart oftheTenant. (d)InthecaseofHDBproperty,iftheleasingfallsthroughbyreasonofthe Tenant’sineligibilitytoleaseunderHDBrulesorregulations,theTenant shallhavenoobligationtopayanycommissiontotheEstateAgent. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form8 S644/201070 THIRDSCHEDULE—continued (2) (e)On__________________renewalofthelease,theTenant*shall/shall (1) notbeliabletopayfurthercommissiontotheAgent.Iffurther commissionispayableuponrenewal,suchcommissionshallamountto (1)(10) *S$____________/____________rentfor____________. 6.DisclosureRequirements (a)TheEstateAgentorSalesperson*has/doesnothaveaconflictorpotential (1)(11) conflictofinterestinactingfortheTenant.IftheEstateAgentor Salespersonhasaconflictorpotentialconflictofinterest,thedetailsare asfollows: _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ (b)IftheEstateAgentorSalespersonhasdeclaredthatthereisnoconflictor potentialconflictofinterestbutaconflictorpotentialconflictofinterest onlyarises(orhebecomesawareoftheconflictorpotentialconflictof interest)aftertheexecutionofthisAgreement,theconflictorpotential conflictofinterestmustbeimmediatelydisclosedinwritingtotheTenant. Uponsuchdisclosure,theEstateAgentandSalespersonmaycontinue toactfortheTenantonlyiftheTenant,beingfullyinformed,consents inwritingtotheEstateAgentandSalespersoncontinuingtoactforhim. 7.Co-broking (1) (a)TheTenant*authorises/doesnotauthorisetheEstateAgentto co-operateorco-brokewithanotherEstateAgenttosecureLandlordsfor theProperty. (b)Ifco-brokingisallowed,thecommissionmaybesharedbetweenthe EstateAgentandaco-brokingagentinsuchamountsasmaybeagreed betweenthembuttheTenantisnotliabletopayanycommissionto theco-brokingagent. 8.SchedulesandNotes TheSchedulesandNotestoorinthisAgreementformpartofthisAgreement. 9.ApplicableLawandDisputeResolution (a)ThisAgreementshallbegovernedbythelawsofSingapore. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form8 71S644/2010 THIRDSCHEDULE—continued (b)AnydisputebetweentheTenantandtheEstateAgentarisingoutoforin connectionwiththisAgreement(includinganyquestionregardingits existence,validityortermination)shallfirstberesolvedinthefollowing manner: MediationFirst (i)Thepartiesshallproceedtomediationunderthemediationscheme prescribedbytheCEAunlesstheTenantelectsinwritingnotto mediate. (ii)TheEstateAgentmayasktheTenantinwritingwhetherheelectsto mediateornot.IftheTenantdoesnotreplyormakeanyelection withinthreeweeksofreceiptofsuchenquiry,heshallbedeemedto haveelectedinwritingnottoproceedtomediation. Arbitration (iii)Ifthedisputeremainsoutstanding(i.e.theTenanthaselectednotto mediateorthedisputeisnotresolvedbymediation),thedisputeshall bereferredtoandfinallyresolvedbyarbitrationinSingaporeunder thearbitrationschemeprescribedbytheCEA,inaccordancewith suchrulesasmaybeprescribed,unlesstheTenantelectsinwriting nottoarbitrate. (iv)TheEstateAgentmayasktheTenantinwritingwhetherheelectsto resolvethedisputebyarbitrationornot.IftheTenantdoesnotreply orexpresslymakeanyelectionwithinthreeweeksofreceiptofsuch enquiry,heshallbedeemedtohaveelectedinwritingnottoresolve thedisputebyarbitrationandneitherpartyshallbeboundtoproceed toarbitration. 10.AdditionalTerms Note:TheprintedtermsprescribedinthisformofAgreementcannotbe deletedorvaried.Ifthepartieswishatanytimetoagreetooraddonanyother terms,theymustbeinwriting,dated,insertedasAdditionalTermsbelowand initialedbytheparties.Ifthespacebelowisinsufficient,theAdditionalTerms aretobewritten/printedinblackinkonaseparatesheetofpaperwhichmust bepinkincolorandinafontnotsmallerthanthefontoftheaboveterms. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form8 S644/201072 THIRDSCHEDULE—continued TheAdditionalTermscannotconflictwith,varyorotherwiselimitthe (12) prescribedtermsofthisAgreement. ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ SignedbytheTenant(s)andtheEstateAgent Note:ThepartiesaretoinitialeverypageofthisAgreementincludingtheSchedules andanyattachments. __________________________________ SignedbyTenant(1) *Throughtheinterpretationof______Signedbyinterpreter______________ (4) Date:Interpreter’sNRICNo.: Date: __________________________________ SignedbyTenant(2) *Throughtheinterpretationof______Signedbyinterpreter______________ (4) Date:Interpreter’sNRICNo.: Date: ________________________________________________________________________ (1)(13) Signedby*SalespersonforandonbehalfoftheEstateAgent/EstateAgent (1) Nameof*Salesperson/EstateAgent: (4) NRICNo.: Address: (1) *SalespersonRegistration/EstateAgentLicenceNo.: Telephonenumber: Date: Note:TheEstateAgentmustprovidetheoriginaloracopyofthisAgreementto theTenantimmediatelyuponsigning. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form8 73S644/2010 THIRDSCHEDULE—continued SCHEDULE1 EXPLANATORYNOTES (1)*meansdeleteifnotapplicable.AlldeletionsmustbeinitialedbytheTenant. (2)Tostatewhichrenewale.g.1st,2ndor3rd,etc. (3)Thisformofagreementisonlyapplicableifallorpartofthepropertytobe leasedcomprisesresidentialpropertyinSingapore. (4)IfthereisnoNRICNo.,pleasewriteanothernumbersuchasFIN,passport orcompanyincorporation/registrationNo.,asthecasemaybe. (5)ToinsertfullnameofEstateAgent. (6)LandlordincludesapotentialLandlord. (7)Inanexclusiveappointment,theTenantagreesnottoappointanyotheragent duringtheValidityPeriod.ShouldtheTenantleasethePropertyhimself directlyorthroughanotheragent,hewouldbeliabletopaycommissionto theEstateAgent. (8)TostatedescriptionofPropertytobeleasede.g.type,localityandpricerange. IfthereismorethanoneProperty,therelevantdescriptionsmayberecorded onaseparatesheetandattachedtothisAgreement.Alternatively,aseparate agreementmaybeusedforeachProperty. (9)Aleaseincludesasubleaseandanagreementforleaseorsublease,under whatevername. (10)Therelevantperiodornumberofmonthsshouldbestated.Theamountor rateofcommissionisnegotiablebetweentheTenantandtheEstateAgent. Inthecaseofrenewaloflease,whetherfurthercommissionispayableand, ifso,howmucharealsomattersthataresubjecttonegotiation. (11)TheCodeofEthicsandProfessionalClientCareprescribestheEstateAgent’s andSalesperson’sdutytodiscloseandavoidanypotentialoractualconflictof interest. (12)Wherethepartieshavemadeanychoiceabove,theymaysubsequentlyvary suchchoiceinwritingbutsuchvariationmustbedatedandinitialedby theparties.Thepartiesmayalsovarythenon-prescribedAdditionalTerms butsuchvariationmustbeinwriting,datedandinitialedbytheparties. (13)IfthereisaSalespersonrepresentingtheEstateAgentintheproposedlease oftheProperty,theSalespersonshallsignandfillinhisparticulars.Otherwise, iftheEstateAgentactingintheproposedleaseofthePropertyisanatural person,heshallsignandfillinhisparticulars.Ifthereismorethanonesuch SalespersonorEstateAgentwhoisanaturalpersonactingintheproposed leaseoftheProperty,theirname(s)andparticular(s)shallalsobewritten, ifnecessary,onaseparatesheetandattachedtothisAgreement. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form8 S644/201074 THIRDSCHEDULE—continued SCHEDULE2 DUTIESOFESTATEAGENT TheEstateAgentshall: (a)searchforandlocatesuitablepropertiesinaccordancewiththeTenant’s instructionsforconsiderationorviewingbytheTenant. (b)providereasonableassistanceandadvicetotheTenantthroughouttheprocess ofleasingtheProperty. (c)representtheTenantinnegotiationswithanyprospectiveLandlordin accordancewithhisinstructions. (d)promptlyforwardtotheTenantalloffers,proposalsorexpressionsofinterest frompotentialLandlordsortheiragents. (e)advancetheTenant’sinterestunaffectedbyanyinterestoftheEstateAgent, Salespersonoranyotherperson. (f)assisttheTenanttoenterintoabindingleasewiththeLandlordandreasonably explaintotheTenantallrelevantformsanddocuments.However,iftheEstate Agentisindoubtonanymatter,heshallstatehisdoubtandadvisetheTenant toseekadvicefromappropriateprofessionals. (g)complywithallreasonableinstructionsandrequestsoftheTenantinrelation tothetransaction. Note:ThefollowingarealsoapplicableinthecaseofHDBproperty (h)advisetheTenantontheeligibilityoftheTenanttoleasetheHDBflat. (i)assisttheTenantoftheHDBflattosubmitsuchforms,documentsand/or informationasmayberequiredbyHDB. CouncilforEstateAgencies,Singapore|PrescribedEstateAgencyAgreement:Form8 Madethis26thdayofOctober2010. GREGSEOWFOOKHIN President, CouncilforEstateAgencies, Singapore. [ND311/4-355;AG/LLRD/SL/95A/2010/1]

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