Document background
The Broker Commission Split Agreement is essential for UAE-based brokers and brokerage firms seeking to formalize their commission-sharing arrangements while maintaining compliance with local regulations. This document becomes necessary when two or more licensed brokers collaborate on transactions and need to establish clear terms for dividing their earnings. It addresses key requirements under UAE federal laws, including the Civil Code and Commercial Companies Law, as well as specific regulations from RERA and other emirate-level authorities. The agreement typically includes detailed commission calculations, payment schedules, professional obligations, and dispute resolution procedures, while ensuring alignment with UAE VAT requirements and professional licensing standards. It's particularly relevant in the UAE's dynamic real estate market where broker collaboration is common and regulatory compliance is strictly enforced.
