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Broker Agent Commission Split Agreement
"I need a Broker Agent Commission Split Agreement for our Belgian residential real estate agency, with a tiered commission structure starting at 60/40 split for standard properties and increasing to 70/30 for high-value properties, including specific provisions for team-based transactions."
1. Parties: Identification of the broker and agent, including their professional registration numbers and legal addresses
2. Background: Context of the agreement, including the broker's business nature and agent's qualifications
3. Definitions: Key terms used throughout the agreement, including types of transactions, commission, and territory
4. Appointment and Scope: Terms of the agent's appointment and the scope of their authority
5. Commission Structure: Detailed breakdown of commission splits and calculation methods
6. Payment Terms: Timing and method of commission payments, including any minimum thresholds
7. Obligations of the Broker: Broker's responsibilities, including support, training, and resources provided
8. Obligations of the Agent: Agent's duties, performance standards, and compliance requirements
9. Term and Termination: Duration of the agreement and conditions for termination
10. Post-Termination Provisions: Rights and obligations after agreement termination, including pending commissions
11. Confidentiality: Protection of confidential information and trade secrets
12. Data Protection: Compliance with GDPR and Belgian data protection laws
13. Governing Law and Jurisdiction: Specification of Belgian law application and dispute resolution procedures
1. Non-Compete Clause: Restrictions on agent's competitive activities, used when protecting broker's market position
2. Team Structure: Commission arrangements for team-based operations, included when agent works with a team
3. Marketing Cost Sharing: Division of marketing expenses, included when agent participates in marketing costs
4. Professional Development: Requirements and cost-sharing for training and certifications, used for development-focused relationships
5. International Transactions: Special provisions for cross-border deals, included when operating internationally
6. Virtual Office Arrangements: Terms for remote working arrangements, used in digital-first operations
7. Referral Program: Terms for handling referrals and associated commission splits, used when implementing referral systems
1. Schedule A - Commission Split Tables: Detailed breakdown of commission split percentages for different transaction types and values
2. Schedule B - Approved Territory: Geographic areas or market segments where agent is authorized to operate
3. Schedule C - Required Documentation: List of documents required for commission processing
4. Schedule D - Performance Metrics: Specific performance targets and evaluation criteria
5. Appendix 1 - Compliance Checklist: Regulatory compliance requirements and procedures
6. Appendix 2 - Technology Systems: List of provided technology tools and usage requirements
7. Appendix 3 - Marketing Guidelines: Approved marketing practices and brand usage rules
Authors
Agent
Broker
Brokerage Firm
Commission
Commission Split
Closing
Confidential Information
Effective Date
Gross Commission
IPI/BIV
Licensed Activities
Listing
Net Commission
Property
Professional Services
Qualified Transaction
Real Estate Transaction
Referral Fee
Sales Price
Schedule of Commissions
Territory
Term
Transaction
Working Day
Pending Transaction
Pipeline Deal
Marketing Materials
Client
Customer
Professional Standards
Regulatory Requirements
Split Rate
Commission Tier
Performance Metrics
Operating Procedures
Intellectual Property
Proprietary Information
Service Area
Business Hours
Term
Commission
Payment Terms
Territory
Performance Requirements
Obligations
Representations and Warranties
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Data Protection
Termination
Post-Termination
Force Majeure
Indemnification
Insurance
Compliance
Record Keeping
Assignment
Severability
Entire Agreement
Amendment
Notices
Dispute Resolution
Governing Law
Professional Standards
Marketing Rights
Training Requirements
Real Estate
Commercial Property
Residential Property
Property Management
Real Estate Investment
Property Development
Luxury Real Estate
Industrial Property
Retail Property
Agricultural Property
Legal
Compliance
Real Estate Operations
Sales Administration
Finance
Business Development
Agent Relations
Contract Administration
Risk Management
Commission Processing
Real Estate Broker
Real Estate Agent
Sales Director
Compliance Officer
Legal Counsel
Contract Manager
Business Development Manager
Agency Principal
Managing Broker
Commission Administrator
Real Estate Operations Manager
Agency Relations Manager
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