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Real Estate Agent Commission Sharing Agreement
"I need a Real Estate Agent Commission Sharing Agreement for a collaboration between my luxury residential property agency in Amsterdam and a partner agency in Rotterdam, with a 60-40 commission split for cross-city referrals, to be effective from March 2025."
1. Parties: Identification of the real estate agents or agencies entering into the agreement, including their registration numbers and professional certifications
2. Background: Context of the agreement, including the purpose of collaboration and general business relationship
3. Definitions: Key terms used throughout the agreement, including types of transactions, commission types, and territory definitions
4. Scope of Collaboration: Details of how the agents will work together, including territory coverage and property types
5. Commission Structure: Detailed breakdown of commission sharing percentages and calculation methods
6. Payment Terms: Timing and method of commission payments, including invoicing procedures
7. Obligations and Responsibilities: Specific duties of each party in the collaboration
8. Client Relationships: Management of client relationships and lead sharing protocols
9. Confidentiality: Protection of sensitive information and client data
10. Term and Termination: Duration of the agreement and conditions for termination
11. Dispute Resolution: Procedures for handling disagreements and applicable jurisdiction
12. General Provisions: Standard contractual clauses including notices, amendments, and severability
1. Non-Compete Clause: Restrictions on competing activities, used when parties want to prevent direct competition
2. Marketing Arrangements: Guidelines for joint marketing activities, used when parties plan to conduct joint promotional activities
3. Professional Insurance: Requirements for professional liability insurance, used when specific coverage levels need to be maintained
4. Training and Support: Provisions for mutual training and support, used in cases of knowledge sharing arrangements
5. International Transactions: Special provisions for international property dealings, used when dealing with cross-border transactions
6. Referral Network: Terms for participating in broader referral networks, used when part of larger agent networks
1. Schedule 1: Commission Calculation Examples: Detailed examples of how commissions will be calculated in various scenarios
2. Schedule 2: Territory Map: Defined geographical areas for the collaboration
3. Schedule 3: Service Level Standards: Agreed standards of service and response times
4. Appendix A: Contact Details: Key contact information for all parties
5. Appendix B: Required Documentation: List of documents required for commission processing
6. Appendix C: Professional Certifications: Copies of relevant licenses and certifications
Authors
Real Estate
Property Development
Property Management
Commercial Real Estate
Residential Real Estate
Luxury Real Estate
Real Estate Investment
Property Services
Real Estate Consulting
Legal
Real Estate Operations
Sales
Compliance
Finance
Business Development
Contract Administration
Property Management
Commission Administration
Risk Management
Real Estate Agent
Property Broker
Real Estate Manager
Broker-Owner
Sales Director
Managing Broker
Real Estate Partner
Commission Manager
Real Estate Operations Manager
Compliance Officer
Legal Counsel
Contract Administrator
Business Development Manager
Real Estate Financial Controller
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