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Co Broker Agreement (Real Estate)
"I need a Co Broker Agreement (Real Estate) for my Auckland-based agency to partner with a Wellington agency starting March 2025, with a focus on residential properties and a 60-40 commission split in favor of the listing agency."
1. Parties: Identification of both real estate agencies/brokers entering into the agreement, including license numbers and business details
2. Background: Context of the agreement and purpose of the co-broking arrangement
3. Definitions: Key terms used throughout the agreement including 'Commission', 'Properties', 'Territory', 'Confidential Information'
4. Scope of Agreement: Details of the co-broking arrangement, including territory coverage and types of properties
5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination
6. Commission Structure: Detailed breakdown of commission sharing arrangements and payment terms
7. Duties and Responsibilities: Specific obligations of each party in the co-broking relationship
8. Professional Standards: Compliance requirements with REAA rules and professional conduct standards
9. Confidentiality: Protection and handling of confidential information between parties
10. Dispute Resolution: Process for handling disagreements between the parties
11. General Provisions: Standard clauses including governing law, notices, and entire agreement
1. Exclusive Territory Rights: Used when parties agree to exclusive geographic or property-type territories
2. Marketing and Advertising: Include when specific arrangements for shared marketing efforts and costs are needed
3. Training and Support: When one broker provides training or systems support to the other
4. International Transactions: Include for agreements involving international property transactions
5. Data Protection: Detailed section on data handling when significant customer data sharing is involved
6. Anti-Money Laundering Compliance: Detailed AML procedures when dealing with high-risk transactions or international clients
7. Special Property Types: Include when dealing with specific property categories like commercial, industrial, or luxury properties
1. Commission Schedule: Detailed breakdown of commission rates and splitting arrangements for different property types/values
2. Territory Map: Geographic boundaries of the co-broking arrangement if territory-based
3. Required Documentation: List of standard forms and documents to be used in co-broking transactions
4. Contact Details: Key personnel and contact information for both agencies
5. Professional Credentials: Copies of relevant licenses and professional certifications
6. Marketing Guidelines: Agreed standards for joint marketing and branding
7. Compliance Checklist: Standard operating procedures for ensuring regulatory compliance in co-broked transactions
Authors
Applicable Laws
Business Day
Commission
Commission Split
Confidential Information
Co-Broker
Co-Broking Services
Effective Date
Exclusive Territory
Intellectual Property Rights
Listing Agreement
Marketing Materials
Net Commission
Primary Broker
Professional Conduct and Client Care Rules
Property
REAA
Real Estate Agency Work
Real Estate Transaction
Referring Agent
Service Territory
Term
Transaction Documents
Vendor
Appointment
Term
Territory
Commission
Payment Terms
Duties and Obligations
Professional Standards
Regulatory Compliance
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Marketing and Advertising
Record Keeping
Data Protection
Anti-Money Laundering
Representations and Warranties
Indemnification
Insurance
Force Majeure
Termination
Dispute Resolution
Governing Law
Assignment
Notices
Entire Agreement
Severability
Variation
Relationship of Parties
Residential Real Estate
Commercial Real Estate
Industrial Real Estate
Luxury Real Estate
Property Management
Real Estate Services
Professional Services
Legal
Compliance
Sales
Operations
Property Management
Business Development
Administration
Executive Leadership
Risk Management
Contract Management
Real Estate Agency Principal
Licensed Real Estate Agent
Real Estate Branch Manager
Property Manager
Sales Director
Business Development Manager
Compliance Officer
Real Estate Operations Manager
Contract Administrator
Legal Counsel
Managing Director
Chief Executive Officer
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