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Broker Referral Agreement
"I need a Broker Referral Agreement for my real estate firm based in Munich, establishing an exclusive referral relationship with a network of independent brokers across Germany, with the agreement starting January 2025 and including specific commission structures for residential and commercial properties."
1. Parties: Identification of the referring party and the broker, including registration numbers and regulatory licenses
2. Background: Context of the agreement and brief description of the parties' business activities
3. Definitions: Key terms used throughout the agreement, including 'Referral', 'Commission', 'Qualified Lead', etc.
4. Scope of Services: Details of the referral arrangement and what constitutes a valid referral
5. Referral Process: Step-by-step process for making and accepting referrals
6. Commission Structure: Payment terms, commission rates, and calculation methods
7. Payment Terms: Timeline for payments, invoicing requirements, and payment methods
8. Obligations of the Referring Party: Duties and responsibilities of the party making referrals
9. Obligations of the Broker: Duties and responsibilities of the broker receiving referrals
10. Compliance Requirements: Regulatory compliance obligations, including licensing and anti-money laundering requirements
11. Confidentiality: Protection of confidential information and trade secrets
12. Data Protection: GDPR compliance and data handling procedures
13. Term and Termination: Duration of the agreement and termination provisions
14. General Provisions: Standard legal clauses including governing law, jurisdiction, and entire agreement
1. Non-Compete: Restrictions on competing activities, used when parties operate in similar markets
2. Training and Support: Details of any training or support provided by either party, included when the referral process requires specific expertise
3. Marketing Guidelines: Rules for using each party's branding and marketing materials, included when joint marketing is contemplated
4. Dispute Resolution: Alternative dispute resolution procedures, included when parties prefer arbitration or mediation
5. Insurance Requirements: Specific insurance coverage requirements, included for high-value or regulated services
6. Service Level Agreement: Performance metrics and response times, included for time-sensitive referral relationships
7. Cross-Border Provisions: Additional terms for international referrals, included when parties operate in different jurisdictions
1. Schedule 1: Commission Rates: Detailed breakdown of commission rates for different types of referrals
2. Schedule 2: Referral Territory: Geographic areas covered by the referral arrangement
3. Schedule 3: Approved Marketing Materials: Pre-approved marketing content and materials
4. Schedule 4: Compliance Procedures: Detailed compliance procedures and checklists
5. Schedule 5: Contact Details: Key contact persons and escalation procedures
6. Appendix A: Referral Form Template: Standard form for submitting referrals
7. Appendix B: Due Diligence Requirements: Required documentation and verification procedures for referrals
Authors
Financial Services
Real Estate
Insurance
Investment Banking
Professional Services
Commercial Property
Wealth Management
Business Consulting
Corporate Finance
Legal Services
Banking
Asset Management
Legal
Compliance
Business Development
Sales
Operations
Finance
Risk Management
Partner Relations
Commercial
Regulatory Affairs
Business Development Manager
Compliance Officer
Legal Counsel
Partnership Manager
Chief Financial Officer
Operations Director
Broker Relations Manager
Sales Director
Account Manager
Risk Manager
Commercial Director
Referral Program Coordinator
Business Relations Manager
Channel Partner Manager
Regulatory Affairs Manager
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