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Co Broker Agreement
"I need a Co-Broker Agreement for a collaboration between my Sydney-based residential real estate agency and a Melbourne firm, with a focus on luxury properties valued over $2M and a 60-40 commission split for cross-city referrals."
1. Parties: Identification of the co-broking parties, including full legal names, business addresses, and licensing details
2. Background: Context of the agreement, including the purpose of the co-broking arrangement and general business objectives
3. Definitions: Definitions of key terms used throughout the agreement
4. Term and Termination: Duration of the agreement, renewal provisions, and circumstances for termination
5. Scope of Cooperation: Details of how the brokers will work together, including territory and property type specifications
6. Commission Structure: Framework for commission sharing, including rates, calculation methods, and payment terms
7. Responsibilities and Obligations: Specific duties and responsibilities of each broker
8. Confidentiality: Protection of confidential information and client data
9. Professional Standards: Requirements for maintaining professional standards, licenses, and compliance with regulations
10. Dispute Resolution: Process for resolving disputes between the parties
11. Governing Law: Specification of Australian law and relevant jurisdiction
12. General Provisions: Standard legal provisions including notices, amendments, and severability
1. International Transactions: Include when dealing with international properties or overseas clients
2. Specialized Property Types: Include when focusing on specific property categories (commercial, industrial, luxury)
3. Marketing and Advertising: Include when specific marketing arrangements need to be detailed
4. Data Protection: Include when handling significant amounts of personal data or operating across jurisdictions
5. Insurance Requirements: Include when specific insurance coverage needs to be mandated
6. Training and Support: Include when one broker will provide training or support to the other
7. Exclusivity Provisions: Include when establishing exclusive territories or client relationships
1. Schedule A - Commission Structure: Detailed breakdown of commission rates, splits, and calculation methods
2. Schedule B - Territory Definition: Maps and descriptions of geographic territories if applicable
3. Schedule C - Property Types: List of property types covered under the agreement
4. Schedule D - Service Standards: Detailed service level expectations and performance metrics
5. Schedule E - Contact Details: Key personnel and emergency contact information
6. Appendix 1 - Required Licenses: Copies of current broker licenses and certifications
7. Appendix 2 - Standard Forms: Templates for common documents used in co-broking arrangements
Authors
Business Day
Client
Commission
Commission Split
Confidential Information
Co-Broker
Effective Date
Exclusive Listing
Initial Term
Intellectual Property
Lead Broker
Licensed Activities
Listing
Listing Agreement
Operating Territory
Parties
Principal Broker
Property
Referral Fee
Regulatory Authority
Sales Price
Services
Term
Transaction
Working Relationship
Professional Standards
Gross Commission Income
Marketing Materials
Agency Relationship
Listing Period
Settlement Date
Force Majeure Event
Renewal Term
Material Breach
Dispute
Applicable Laws
Real Estate License
Commission Rate
Term and Duration
Scope of Services
Commission Structure
Payment Terms
Territory Rights
Exclusivity
Confidentiality
Non-Solicitation
Professional Obligations
Licensing Requirements
Marketing and Advertising
Client Relations
Intellectual Property
Data Protection
Indemnification
Insurance
Termination
Force Majeure
Assignment
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendments
Compliance with Laws
Representations and Warranties
Record Keeping
Reporting Requirements
Real Estate
Property Management
Commercial Property
Residential Property
Industrial Property
Luxury Real Estate
Property Development
Property Investment
Legal
Real Estate Sales
Property Management
Operations
Compliance
Business Development
Contract Administration
Risk Management
Real Estate Broker
Property Manager
Real Estate Agent
Sales Director
Business Development Manager
Compliance Officer
Real Estate Partner
Managing Director
Operations Manager
Legal Counsel
Contract Administrator
Agency Principal
Licensed Real Estate Agent
Commercial Property Manager
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