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Commercial Real Estate Broker Fee Agreement
"I need a Commercial Real Estate Broker Fee Agreement for engaging an exclusive broker to find premium office space in Munich's business district, with a 3% commission structure and six-month exclusivity period starting March 2025."
1. Parties: Identification of the broker and the client, including full legal names, addresses, and registration details
2. Background: Context of the agreement and brief description of the commercial property requirements
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Commission', 'Successful Transaction', etc.
4. Scope of Services: Detailed description of the broker's services, including property search, viewings, negotiations, and documentation
5. Exclusive Appointment: Terms of exclusivity (if applicable) and duration of the broker's appointment
6. Broker's Obligations: Detailed responsibilities including information provision, confidentiality, and compliance with relevant regulations
7. Client's Obligations: Client's duties including information provision, cooperation, and viewing coordination
8. Commission Structure: Detailed breakdown of the broker's fee, calculation method, and payment conditions
9. Payment Terms: When and how the commission becomes due, payment methods, and invoicing procedures
10. Term and Termination: Duration of the agreement and conditions for termination
11. Confidentiality: Obligations regarding confidential information and data protection
12. Liability and Insurance: Scope of broker's liability, professional insurance requirements, and limitation of liability provisions
13. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes
14. Entire Agreement: Integration clause and relationship to prior agreements
1. Post-Termination Obligations: Used when there's a need to specify ongoing obligations after agreement termination, particularly for commission claims on pending transactions
2. Sub-Brokers: Include when the broker may need to engage other brokers or agents
3. Marketing Authorization: Required when specific marketing activities and permissions need to be detailed
4. Anti-Money Laundering Compliance: Detailed section needed for high-value transactions or when dealing with foreign clients
5. Property Portfolio Management: Include when the broker will manage multiple properties or ongoing requirements
6. Success Fee Structure: Used when including additional performance-based compensation
7. Digital Services: Include when the broker provides specific online or digital marketing services
1. Schedule 1: Service Specification: Detailed breakdown of all services to be provided by the broker
2. Schedule 2: Commission Calculation: Detailed formula and examples of commission calculations for different transaction types
3. Schedule 3: Property Requirements: Specific details of the type, size, location, and other requirements of the desired property
4. Schedule 4: Marketing Plan: If applicable, detailed marketing strategy and activities
5. Schedule 5: Documentation Requirements: List of required documentation for property transactions and client verification
6. Appendix A: Power of Attorney: If required, authorization for the broker to act on behalf of the client
7. Appendix B: Broker's Licenses: Copies of relevant broker licenses and certifications
Authors
Broker
Client
Property
Commission
Successful Transaction
Exclusive Period
Marketing Materials
Confidential Information
Professional Services
Transaction Value
Closing Date
Due Diligence
Letter of Intent
Purchase Agreement
Lease Agreement
Brokerage Period
Commission Due Date
Property Documentation
Interested Party
Initial Introduction
Net Rent
Lease Term
Force Majeure
Business Day
Effective Date
Material Information
Marketing Period
Professional Expenses
Success Fee
Target Property
Transaction Documents
Viewing
Working Hours
Permitted Use
Reserved Rights
Sub-Broker
Territory
Agency Relationship
Commission Base
Scope of Services
Exclusivity
Commission
Payment Terms
Success Criteria
Information Rights
Confidentiality
Data Protection
Marketing Authorization
Broker's Obligations
Client's Obligations
Representations and Warranties
Liability
Professional Insurance
Term
Termination
Force Majeure
Assignment
Anti-Money Laundering
Compliance with Laws
Notice
Severability
Entire Agreement
Amendments
Governing Law
Jurisdiction
Dispute Resolution
Third Party Rights
Survival
Non-Circumvention
Documentation Requirements
Property Information
Commission Protection
Sub-Brokerage
Commercial Real Estate
Retail
Industrial and Manufacturing
Office Space and Business Parks
Logistics and Warehousing
Hospitality and Tourism
Healthcare Facilities
Mixed-use Development
Banking and Financial Services
Professional Services
Real Estate
Legal
Finance
Procurement
Operations
Facilities Management
Business Development
Corporate Services
Risk Management
Compliance
Real Estate Broker
Commercial Property Manager
Facilities Manager
Chief Financial Officer
Head of Real Estate
Property Investment Manager
Real Estate Development Director
Location Planning Manager
Corporate Real Estate Manager
Legal Counsel
Procurement Manager
Business Development Manager
Asset Manager
Expansion Director
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