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Broker To Broker Commission Agreement Generator for United Arab Emirates

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Key Requirements PROMPT example:

Broker To Broker Commission Agreement

"I need a Broker to Broker Commission Agreement for a collaboration between our Dubai-based real estate agency and an international broker from London, with a 60-40 commission split for luxury property deals above AED 10 million, to be effective from March 2025."

Document background
The Broker To Broker Commission Agreement is essential for real estate professionals operating in the UAE market who wish to formalize their collaboration and commission-sharing arrangements. This document is particularly relevant when two or more licensed brokers or brokerage firms agree to cooperate on property transactions and need to establish clear terms for splitting commissions. The agreement must comply with UAE Federal Laws, including UAE Federal Law No. 5 of 1985 (Civil Code) and specific RERA regulations in Dubai. It is commonly used when brokers collaborate on high-value property transactions, cross-emirate deals, or when international and local brokers work together. The document provides essential protection for all parties by clearly defining commission structures, payment obligations, and dispute resolution procedures within the UAE legal framework.
Suggested Sections

1. Parties: Identification of the participating brokers, including their full legal names, license numbers, and registered business addresses

2. Background: Context of the agreement, including the purpose of the collaboration and general scope of brokerage activities

3. Definitions: Key terms used throughout the agreement, including specific real estate terminology and commission-related definitions

4. Scope of Collaboration: Detailed description of how the brokers will work together and share information

5. Commission Structure: Clear outline of commission rates, calculation methods, and split arrangements between brokers

6. Payment Terms: Timing and method of commission payments, including invoicing requirements and payment deadlines

7. Representations and Warranties: Confirmations regarding broker licenses, authorizations, and compliance with UAE regulations

8. Confidentiality: Obligations regarding confidential information shared between brokers

9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

10. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law provisions

11. General Provisions: Standard legal clauses including notices, amendments, and severability

Optional Sections

1. Exclusivity: Terms regarding exclusive cooperation for specific properties or clients, used when brokers agree to work exclusively

2. Cross-Border Transactions: Additional provisions for international transactions, needed when dealing with overseas properties or clients

3. Marketing Collaboration: Terms for joint marketing efforts and cost sharing, used when brokers plan joint promotional activities

4. Sub-Brokerage: Provisions for involving additional brokers, needed when sub-brokers may be engaged

5. Professional Indemnity: Additional insurance and liability provisions, used for high-value or complex transactions

6. Data Protection: Specific provisions for handling personal data, needed when dealing with EU clients or substantial data sharing

Suggested Schedules

1. Schedule 1 - Commission Rates: Detailed breakdown of commission rates for different types of properties and transaction values

2. Schedule 2 - Territory Definition: Specific geographical areas or property types covered by the agreement

3. Schedule 3 - Required Documentation: List of documents required for commission claims and payment processing

4. Schedule 4 - Broker Licenses: Copies of current broker licenses and registrations

5. Schedule 5 - Communication Protocols: Agreed procedures for sharing property information and client details

6. Appendix A - Standard Forms: Templates for commission invoices, property referrals, and other standard documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

































Clauses






























Relevant Industries

Real Estate

Property Development

Financial Services

Property Management

Commercial Property

Residential Property

Luxury Real Estate

Property Investment

Relevant Teams

Legal

Real Estate Operations

Finance

Compliance

Business Development

Property Sales

Commission Administration

Contract Management

Risk Management

Relevant Roles

Real Estate Broker

Senior Property Consultant

Managing Director

Business Development Manager

Property Sales Manager

Real Estate Agency Owner

Commission Manager

Compliance Officer

Real Estate Operations Manager

Property Transaction Specialist

Chief Executive Officer

Legal Counsel

Finance Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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