Broker Agreement Commission Template for Australia

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Broker Agreement Commission

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Broker Agreement Commission

"I need a Broker Agreement Commission for our Sydney-based real estate company, covering a 5% commission structure for residential properties and 3% for commercial properties, with the agreement to commence on March 1, 2025."

Document background

A Broker Agreement Commission is essential for businesses operating in Australia that engage brokers to facilitate transactions or generate sales. This document is specifically designed to comply with Australian regulatory requirements, including the Corporations Act 2001, ASIC regulations, and relevant financial services laws. It establishes the commercial relationship between a principal and a broker, detailing commission structures, payment terms, performance expectations, and compliance obligations. The agreement is particularly crucial in industries where broker arrangements are common, such as financial services, real estate, and insurance. The document includes specific provisions for Australian consumer protection, financial services licensing requirements, and dispute resolution mechanisms, making it suitable for both domestic and international companies operating in the Australian market.

Suggested Sections

1. Parties: Identifies and defines the contracting parties - the Broker and the Principal

2. Background: Sets out the context of the agreement, including the broker's qualifications and the principal's business

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Scope: Details the broker's appointment, territory, and scope of services

5. Broker's Obligations: Specifies the broker's duties, responsibilities, and service standards

6. Principal's Obligations: Outlines the principal's responsibilities and support commitments

7. Commission Structure: Details the commission rates, calculation methods, and payment terms

8. Payment Terms: Specifies payment timing, methods, and handling of disputes

9. Compliance: Sets out regulatory compliance requirements and licensing obligations

10. Term and Termination: Specifies agreement duration and termination provisions

11. Confidentiality: Addresses handling of confidential information

12. Intellectual Property: Covers ownership and usage of intellectual property

13. Liability and Indemnity: Addresses risk allocation between parties

14. General Provisions: Contains standard boilerplate clauses including governing law, notices, and assignment

Optional Sections

1. Non-Compete: Include when restricting broker from representing competitors

2. Performance Targets: Include when setting specific performance metrics or sales targets

3. Training and Support: Include when principal provides specific training or support services

4. Marketing and Promotion: Include when specifying marketing obligations or restrictions

5. Insurance: Include when specific insurance requirements are needed

6. Dispute Resolution: Include when specific dispute resolution procedures are required

7. Data Protection: Include when handling significant personal or sensitive data

8. Force Majeure: Include when specific force majeure provisions are needed

Suggested Schedules

1. Schedule 1 - Commission Rates: Detailed breakdown of commission rates for different products or services

2. Schedule 2 - Territory: Detailed description of geographical territory or market segment

3. Schedule 3 - Products and Services: List of products or services covered by the agreement

4. Schedule 4 - Performance Metrics: Detailed performance targets and measurement criteria

5. Schedule 5 - Compliance Requirements: Specific regulatory compliance requirements and procedures

6. Appendix A - Required Forms: Standard forms and documentation required for operations

7. Appendix B - Reporting Templates: Templates for required regular reporting

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services

Insurance

Real Estate

Mortgage Lending

Commercial Property

Securities Trading

Commodities Trading

Business Broking

Equipment Finance

Import/Export

Relevant Teams

Legal

Finance

Compliance

Sales

Business Development

Operations

Risk Management

Broker Relations

Channel Management

Contract Administration

Relevant Roles

Chief Financial Officer

Commercial Director

Sales Director

Compliance Officer

Legal Counsel

Business Development Manager

Channel Manager

Broker Relations Manager

Commission Administrator

Finance Manager

Contract Manager

Risk Manager

Operations Manager

Find the exact document you need

Security Company Agreement

An Australian-law governed agreement establishing terms and conditions for professional security services between a security provider and client.

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Broker Agreement Commission

Authors

Alex Denne

Find the exact document you need

Security Company Agreement

Letting Agency Contract

Agreement Between Principal And Agent

Nursing Staffing Agency Contract

Agent Representative Agreement

Simple Agency Agreement

Marketing Agency Client Contract

Contract For Digital Marketing Services

Standard Agency Agreement

Tender Agency Agreement

Sole Agency Contract

Home Care Agency Service Agreement

Contract For Agency Agreement

Nursing Agency Contract Agreement

Exclusive Agency Listing Agreement Form

Customs Broker Agreement

Buyer Tenant Agency Contract

Broker Agreement Commission

Agreement Between Buyer And Commission Agent

Agent Client Agreement

Agency Client Contract

Advertising Agency Contract With Client

Sales Inspection Report And Exclusive Agency Agreement

Buyer Agency Agreement Form

Property Management Agreement Between Landlord And Agent

Buyers Agent Agreement

Buyer Agent Exclusive Agreement

Booking Agent Contract

Real Estate Agent Rental Agreement

Real Estate Agent Listing Agreement

Insurance Agent Agreement

Tenant Agency Agreement

Temporary Service Agreement

Talent Agency Contract

Sub Agency Agreement

Sourcing Agent Agreement

Social Media Agency Contract

Simple Booking Agent Contract

Real Estate Agent Team Agreement

Real Estate Agent Contract With Broker

Qualifying Agent Agreement

Purchase Agency Agreement

Owner Agent Agreement

One Time Agency Agreement

Model Mother Agency Contract

Model Management Agreement

Model Agency Contract

Model Agency Agreement

Media Agency Contract

Marketing Agency Contract

Marketing Agency Agreement

Cleaning Company Contract

Artist Agent Agreement

Agent Commission Contract

Agent Appointment Agreement

Agent And Landlord Agreement

Exclusive Agency Agreement Form

Agency Referral Agreement

Agency Of Record Agreement

Advertising Agency Retainer Agreement

Advertising Agency Agreement

Joint Agency Agreement

Introduction Agency Agreement

International Commercial Agency Contract

Creative Agency Contract

Commission Split Agreement Between Agents

Fiscal Agent Agreement

Exclusive Sales Agency Agreement

Exclusive Commission Agreement

Commercial Agency Contract

Commercial Agency Agreement

Collection Agency Contract

Collection Agency Agreement

Agency Contract

Download our whitepaper on the future of AI in Legal