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Co Broker Agreement
"I need a Co-Broker Agreement for a collaboration between my Hong Kong real estate agency and an international property firm from Singapore, focusing on luxury residential properties with a 60-40 commission split arrangement, to be effective from March 2025."
1. Parties: Identifies the participating brokers/agencies, including their license numbers and registered addresses
2. Background: Explains the context and purpose of the co-broking arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Cooperation: Outlines the nature and extent of the co-broking relationship
5. Commission Structure: Details the commission split arrangements and payment terms
6. Duties and Responsibilities: Specifies the obligations of each party in co-broking arrangements
7. Confidentiality: Addresses the handling of confidential information and client data
8. Term and Termination: Specifies the duration of the agreement and termination conditions
9. Compliance: Addresses compliance with relevant laws and regulations
10. Dispute Resolution: Outlines the process for resolving disputes between parties
11. Governing Law: Specifies Hong Kong law as governing law and jurisdiction
12. General Provisions: Includes standard boilerplate clauses
1. Exclusive Arrangements: Used when the co-broking relationship is exclusive for certain properties or clients
2. International Transactions: Include when dealing with cross-border property transactions
3. Marketing Arrangements: Details shared marketing responsibilities and cost allocation
4. Sub-Broker Provisions: Include when sub-brokers may be involved in the arrangement
5. Special Services: Used when additional services beyond standard brokerage are offered
6. Insurance and Indemnity: Detailed provisions for professional indemnity and insurance requirements
1. Schedule 1 - Commission Split Matrix: Detailed breakdown of commission splits for different transaction types and values
2. Schedule 2 - Operating Procedures: Step-by-step procedures for co-broking operations
3. Schedule 3 - Territory Allocation: If applicable, definition of geographical areas or property types covered
4. Schedule 4 - Contact Details: Key contact persons and escalation matrix
5. Appendix A - Required Forms: Standard forms and templates to be used in co-broking arrangements
6. Appendix B - Compliance Checklist: Checklist of regulatory requirements and internal compliance procedures
Authors
Applicable Laws
Business Day
Client
Commission
Commission Split
Confidential Information
Co-Broker
Co-Broking Services
Co-Operating Agency
Designated Territory
Effective Date
EAO
Estate Agency Work
Estate Agency Authority
Exclusive Period
Force Majeure Event
Hong Kong
Intellectual Property Rights
Lead Agency
Lead Broker
License
Licensed Person
Marketing Materials
Participating Brokers
Personal Data
Property
Property Information
Property Transaction
Referring Agency
Related Documents
Relevant Property
Services
Sub-Agent
Term
Territory
Transaction Documents
Working Hours
Appointment
Term and Termination
Commission and Payment
Duties and Obligations
Regulatory Compliance
Licensing Requirements
Confidentiality
Data Protection
Service Standards
Territory Rights
Marketing and Promotion
Client Relations
Commission Splits
Professional Conduct
Non-Competition
Non-Solicitation
Intellectual Property
Representations and Warranties
Indemnification
Limitation of Liability
Force Majeure
Notice Requirements
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Third Party Rights
Real Estate
Commercial Property
Residential Property
Industrial Property
Retail Property
Luxury Property
Property Development
Property Investment
Legal
Compliance
Real Estate
Sales
Operations
Business Development
Risk Management
Finance
Administration
Real Estate Agent
Property Broker
Estate Agency Director
Compliance Officer
Business Development Manager
Agency Principal
Property Consultant
Sales Director
Branch Manager
Operations Manager
Legal Counsel
Contracts Manager
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