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Brokers Fee Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Brokers Fee Agreement

"I need a Brokers Fee Agreement for a Dubai-based real estate brokerage firm, with exclusive rights to market luxury properties and a tiered commission structure ranging from 2-5% based on property value, which must include specific RERA compliance provisions."

Document background
The Brokers Fee Agreement is a vital legal document used in the United Arab Emirates to formalize the relationship between professional brokers and their clients. This agreement is essential when engaging brokerage services across various sectors, particularly in real estate, financial services, and commercial trading. The document must comply with UAE federal legislation, including the Commercial Transactions Law and Civil Code, as well as specific emirate-level regulations such as RERA requirements in Dubai. The agreement typically includes detailed fee structures, service scope, compliance requirements, and obligations of all parties involved. It serves as a crucial tool for protecting both the broker's and client's interests while ensuring regulatory compliance in the UAE market.
Suggested Sections

1. Parties: Identification of the broker and the client, including their full legal names, licenses, and registration details

2. Background: Context of the agreement, including the broker's qualifications and the client's intention to engage brokerage services

3. Definitions: Key terms used throughout the agreement, including specific industry terminology and regulatory references

4. Scope of Services: Detailed description of brokerage services to be provided, including specific markets or asset classes covered

5. Broker's Obligations: Detailed responsibilities of the broker, including regulatory compliance, professional conduct, and service delivery standards

6. Client's Obligations: Client's responsibilities, including providing accurate information and necessary documentation

7. Fee Structure: Detailed breakdown of brokerage fees, payment terms, and conditions for fee earning

8. Payment Terms: Specific details about payment timing, method, and consequences of non-payment

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

10. Confidentiality: Obligations regarding confidential information handling and protection

11. Compliance with Laws: Commitment to comply with relevant UAE laws and regulations, including AML requirements

12. Dispute Resolution: Process for handling disputes, including jurisdiction and applicable law

13. General Provisions: Standard contractual provisions including notices, amendments, and severability

Optional Sections

1. International Transactions: Additional provisions for cross-border transactions and international clients

2. Exclusivity: Terms regarding exclusive rights of the broker, if applicable

3. Sub-Brokers: Provisions for engaging other brokers or intermediaries

4. Insurance and Liability: Specific provisions about professional indemnity insurance and limitation of liability

5. Marketing and Promotion: Terms regarding the broker's rights to market the property or service

6. Digital Services: Provisions for online or digital brokerage services

7. Force Majeure: Provisions for unforeseen circumstances affecting performance

8. Data Protection: Specific provisions for handling personal and sensitive data

Suggested Schedules

1. Schedule A - Fee Schedule: Detailed breakdown of all applicable fees, commissions, and payment structures

2. Schedule B - Service Description: Detailed description of specific services covered under the agreement

3. Schedule C - Required Documentation: List of documents required from the client for different types of transactions

4. Schedule D - Compliance Checklist: Regulatory compliance requirements and documentation checklist

5. Appendix 1 - Broker's Licenses: Copies of relevant broker licenses and registrations

6. Appendix 2 - Standard Forms: Standard forms and templates used in the brokerage process

7. Appendix 3 - Territory Map: If applicable, geographical area covered by the agreement

8. Appendix 4 - Code of Conduct: Professional standards and ethical guidelines applicable to the broker

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 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

Financial Services

Insurance

Commercial Trading

Investment Banking

Commodities Trading

Securities Trading

Property Development

Asset Management

International Trade

Relevant Teams

Legal

Compliance

Finance

Sales

Business Development

Operations

Risk Management

Commercial Operations

Contract Administration

Investment Advisory

Relevant Roles

Broker

Real Estate Agent

Financial Broker

Compliance Officer

Legal Counsel

Contract Manager

Business Development Manager

Sales Director

Chief Financial Officer

Risk Manager

Commercial Director

Operations Manager

Managing Director

Investment Advisor

Property 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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