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Co Broker Agreement Template for Germany

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Key Requirements PROMPT example:

Co Broker Agreement

"I need a Co-Broker Agreement for a partnership between our Munich-based residential real estate agency and a commercial property broker in Berlin, with specific focus on commission splitting for mixed-use developments and GDPR compliance."

Document background
A Co-Broker Agreement is essential when real estate professionals in Germany wish to formalize their cooperation in property transactions. This document is particularly relevant in situations where brokers want to expand their market reach, share resources, or collaborate on specific property deals while maintaining compliance with German regulations. The agreement typically includes detailed provisions on commission splitting, territorial rights, client protection, and data handling under GDPR requirements. It's structured to comply with German civil law (BGB), commercial regulations, and specific real estate legislation, making it suitable for both residential and commercial property transactions. The document serves as a comprehensive framework for professional cooperation while protecting each party's interests and ensuring regulatory compliance.
Suggested Sections

1. Parties: Identification and details of the cooperating brokers, including business registration information and contact details

2. Background: Context of the cooperation and general purpose of the agreement

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

4. Scope of Cooperation: Detailed description of how the brokers will work together, including territory and property types covered

5. Rights and Obligations: Specific duties and responsibilities of each broker in the cooperation

6. Commission Structure: Framework for commission sharing, including calculation methods and payment terms

7. Confidentiality: Provisions for handling confidential information and client data

8. Data Protection: GDPR compliance measures and data handling procedures

9. Term and Termination: Duration of the agreement and conditions for termination

10. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes

Optional Sections

1. Non-Competition: Used when parties want to establish territorial or client-based restrictions

2. Marketing and Branding: Include when specific guidelines for co-marketing properties are needed

3. Professional Insurance: Required when specific insurance requirements need to be maintained

4. Dispute Resolution: Added when parties prefer alternative dispute resolution methods

5. Training and Standards: Include when establishing specific quality standards or training requirements

6. Anti-Money Laundering Compliance: Detailed AML procedures when dealing with high-value properties

7. Force Majeure: Added for protection against unforeseen circumstances

8. Assignment Rights: Include when transfer of rights needs to be addressed

Suggested Schedules

1. Commission Calculation Schedule: Detailed breakdown of commission sharing formulas and examples

2. Property Types and Categories: List of property types covered under the agreement with specific terms

3. Required Documentation: Templates and forms required for co-brokerage transactions

4. Data Processing Agreement: Detailed GDPR-compliant data processing terms

5. Territory Map: Geographic areas covered by the agreement

6. Marketing Guidelines: Specific procedures and standards for joint marketing efforts

7. Contact Protocol: Communication procedures and escalation paths

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 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

Commercial Property

Residential Property

Industrial Property

Retail Property

Property Management

Real Estate Investment

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Operations

Partnership Management

Property Management

Contract Administration

Relevant Roles

Real Estate Broker

Property Manager

Real Estate Agent

Business Development Manager

Sales Director

Managing Director

Compliance Officer

Legal Counsel

Operations Manager

Real Estate Partnership Manager

Real Estate Network Coordinator

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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