Cooperating Broker Compensation Agreement Template for Australia

1. Territory Restrictions: Defines geographic limitations on the cooperation, used when brokers want to limit their cooperation to specific areas

2. Exclusivity: Addresses whether the cooperation arrangement is exclusive, used when brokers want to establish exclusive referral relationships

3. Marketing and Branding: Guidelines for co-marketing and brand usage, included when brokers plan joint marketing activities

4. Professional Insurance: Requirements for maintaining professional liability insurance, included for high-value or high-risk cooperation arrangements

5. Data Protection: Detailed protocols for handling personal data, included when significant customer data sharing is involved

6. Training Requirements: Specifies any required training or certifications, included when specific expertise is necessary

7. Force Majeure: Provisions for unforeseen circumstances, included for longer-term or more complex arrangements

1. Schedule A - Commission Structure: Detailed breakdown of commission splits and referral fees for different types of transactions

2. Schedule B - Territory Map: Visual representation and description of any geographic territories covered by the agreement

3. Schedule C - Required Documentation: List of documents required for processing referrals and commission payments

4. Schedule D - Contact Details: List of key contacts and their roles within each brokerage

5. Appendix 1 - Referral Process: Step-by-step process for making and accepting referrals

6. Appendix 2 - Commission Calculator: Tools or formulas for calculating commission splits in various scenarios