Commercial Broker Agreement Template for South Africa

1. Non-Compete Clause: Restrictions on broker's competitive activities, used when protecting specific market territories or client relationships

2. Professional Insurance: Requirements for professional indemnity insurance, used when handling high-value transactions

3. Data Protection: Specific POPIA compliance measures, used when extensive personal data processing is involved

4. Digital Communications: Provisions for electronic communications and online platforms, used when digital services are primary

5. Sub-Broker Arrangements: Terms for appointing and managing sub-brokers, used when sub-contracting is permitted

6. Performance Metrics: Specific performance targets and evaluation criteria, used in performance-based arrangements

7. Training Requirements: Mandatory training and certification requirements, used for specialized product lines

1. Commission Structure: Detailed breakdown of commission rates, tiers, and special arrangements

2. Authorized Products/Services: List of specific products or services the broker is authorized to promote

3. Territory Definition: Geographic or market segment definitions for broker's operations

4. Compliance Procedures: Detailed compliance protocols and reporting requirements

5. Service Level Agreement: Specific service standards and performance metrics

6. Required Documentation: Templates and forms for standard transactions

7. Contact Details: Key contact persons and escalation procedures