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Co Broker Agreement
"I need a Co Broker Agreement for my Amsterdam-based residential real estate agency to collaborate with a German broker for cross-border property transactions, with a specific focus on luxury properties above €1million and implementation starting January 2025."
1. Parties: Identification of the cooperating brokers, including their legal business names, registration numbers, addresses, and relevant licenses
2. Background: Context of the agreement, establishing the purpose of cooperation and the general framework of the relationship
3. Definitions: Key terms used throughout the agreement, including specific Dutch real estate terminology
4. Scope of Cooperation: Details of the cooperative relationship, including geographic areas, property types, and client categories covered
5. Roles and Responsibilities: Specific duties and obligations of each broker in the cooperation arrangement
6. Commission Structure: Details of fee sharing arrangements, payment terms, and conditions for earning commissions
7. Client Relations: Guidelines for handling client interactions, lead sharing, and client protection arrangements
8. Confidentiality: Provisions for handling confidential information and client data in compliance with GDPR/AVG
9. Data Protection: Specific provisions for handling personal data in compliance with Dutch privacy laws
10. Professional Standards: Commitment to maintain professional standards and comply with relevant industry codes
11. Duration and Termination: Terms of the agreement period, renewal conditions, and termination procedures
12. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for dispute resolution
13. General Provisions: Standard clauses including severability, entire agreement, and amendments
1. International Cooperation: Additional provisions for cross-border transactions when one broker operates internationally
2. Specialized Property Types: Specific provisions for handling specialized properties like commercial, industrial, or agricultural real estate
3. Marketing Arrangements: Specific agreements about shared marketing efforts and cost allocation
4. Online Platform Integration: Provisions for integration with specific real estate platforms or technologies
5. Training and Support: Arrangements for shared training programs or technical support between brokers
6. Exclusivity Provisions: Terms for exclusive cooperation in specific areas or property types, if applicable
7. Dispute Resolution: Optional mediation or arbitration procedures before court proceedings
1. Schedule 1: Commission Rates: Detailed breakdown of commission splits for different property types and transaction values
2. Schedule 2: Territory Map: Geographic areas covered by the cooperation agreement
3. Schedule 3: Service Level Agreement: Specific performance metrics and response time requirements
4. Schedule 4: Marketing Guidelines: Agreed standards for co-branded marketing materials and advertising
5. Schedule 5: Data Processing Agreement: Detailed GDPR/AVG compliance procedures and responsibilities
6. Appendix A: Required Licenses: Copies of current broker licenses and professional certifications
7. Appendix B: Insurance Certificates: Proof of professional liability insurance coverage
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Industrial Property
Retail Property
Property Investment
Property Management
Real Estate Technology
Professional Services
Legal
Compliance
Real Estate Operations
Business Development
Sales
Property Management
Commercial Real Estate
Residential Real Estate
Contract Administration
Risk Management
Real Estate Broker
Property Agent
Real Estate Agency Owner
Real Estate Manager
Business Development Manager
Compliance Officer
Legal Counsel
Real Estate Partner
Operations Manager
Sales Director
Managing Broker
Associate Broker
Real Estate Consultant
Agency Principal
Commercial Property Specialist
Residential Property Specialist
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