Co Broker Listing Agreement Generator for Australia

The Co Broker Listing Agreement is essential for real estate professionals in Australia who wish to collaborate on property listings while maintaining compliance with federal and state regulations. This document is typically used when two licensed real estate agencies or brokers want to work together to market and sell properties, sharing responsibilities and commissions according to agreed terms. It addresses key aspects such as commission splits, marketing duties, client communication protocols, and dispute resolution procedures. The agreement must comply with Australian property law, including the Property and Stock Agents Act 2002, state-specific real estate legislation, and consumer protection laws. It's particularly relevant in situations where brokers want to expand their market reach, combine expertise, or service clients across different geographical areas while maintaining professional standards and legal compliance.

1. Parties: Identification of the cooperating brokers, including their legal names, license numbers, and business addresses

2. Background: Context of the agreement, including the purpose of the co-broking arrangement and any relevant background information

3. Definitions: Key terms used throughout the agreement, including 'Listed Property', 'Commission', 'Exclusive Agency Period', etc.

4. Term of Agreement: Duration of the co-broking arrangement, including start date, end date, and any renewal provisions

5. Scope of Services: Detailed description of services to be provided by each broker, including their respective roles and responsibilities

6. Commission Structure: Details of commission rates and how commissions will be split between the brokers

7. Payment Terms: Timing and method of commission payments, including handling of deposits and trust money

8. Marketing and Advertising: Arrangements for joint marketing efforts, cost sharing, and branding requirements

9. Confidentiality: Obligations regarding confidential information and client data protection

10. Termination: Conditions and process for terminating the agreement, including handling of pending transactions

11. Dispute Resolution: Process for resolving disputes between the brokers

12. Governing Law: Specification of applicable law and jurisdiction