The Non Disclosure Agreement Real Estate Broker document is essential when sensitive information needs to be shared during property transactions, listings, or business dealings. It's particularly important in the United States real estate market where brokers regularly handle confidential client information, property details, and business strategies. This agreement helps maintain professional standards while protecting both the broker's business interests and client privacy, ensuring compliance with state real estate regulations and federal privacy laws. It's commonly used when discussing off-market properties, exclusive listings, or sharing proprietary business methods.
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1. Parties: Identification of the disclosing party (typically the real estate broker) and receiving party
2. Background: Context of the agreement and purpose of sharing confidential information in real estate context
3. Definitions: Key terms including 'Confidential Information', 'Real Estate Transaction', 'Permitted Purpose'
4. Scope of Confidential Information: Detailed description of what constitutes confidential information in real estate context
5. Obligations of Confidentiality: Core confidentiality obligations and permitted uses of information
6. Term and Termination: Duration of agreement and circumstances for termination
7. Return of Confidential Information: Procedures for returning or destroying confidential information
1. Non-Solicitation: Prevents receiving party from soliciting clients or employees. Include when broker has significant client relationships to protect
2. Non-Competition: Restricts receiving party from competing in specific markets. Include when sharing sensitive market strategy information
3. Data Protection: Specific provisions for handling digital data. Include when sharing electronic databases or digital assets
4. Assignment: Rights to transfer the agreement. Include when working with larger organizations or potential M&A
1. Schedule of Confidential Information: Detailed list of specific confidential information covered
2. Security Protocols: Specific procedures for handling confidential information
3. Authorized Representatives: List of individuals authorized to receive confidential information
4. Property Schedule: List of properties or transactions covered by the agreement
Relevant legal definitions
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