Co Broker Agreement Template for Belgium

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Key Requirements PROMPT example:

Co Broker Agreement

"Need a Co-Broker Agreement under Belgian law for collaboration with a French real estate agency, focusing on cross-border commercial property transactions with commission splits of 60/40, to be effective from March 2025."

Document background
This Co-Broker Agreement is designed for use when two or more Belgian real estate professionals or agencies wish to establish a formal collaboration. It is particularly relevant in situations where brokers want to expand their market reach, share resources, or collaborate on specific property types or territories while maintaining their independent business identities. The agreement ensures compliance with Belgian real estate regulations, including the Law of 11 February 2013 on Real Estate Agents and IPI/BIV professional standards. It covers essential elements such as commission sharing structures, client management protocols, data protection requirements, and professional obligations. This document is crucial for protecting both parties' interests while facilitating efficient cooperation in the Belgian real estate market.
Suggested Sections

1. Parties: Identification of the co-brokers entering into the agreement, including their professional registration details and IPI/BIV numbers

2. Background: Context of the agreement and the intention to cooperate in real estate transactions

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Client', 'Commission', 'Territory'

4. Scope of Cooperation: Details of how the co-brokers will work together and the types of properties/transactions covered

5. Rights and Obligations: Specific duties and responsibilities of each co-broker

6. Commission Structure: Agreement on fee sharing and payment terms

7. Confidentiality: Obligations regarding confidential information and client data

8. Data Protection: GDPR compliance measures and data handling procedures

9. Professional Standards: Commitment to comply with IPI/BIV regulations and industry standards

10. Term and Termination: Duration of the agreement and termination provisions

11. Governing Law and Jurisdiction: Confirmation of Belgian law application and dispute resolution procedures

Optional Sections

1. Exclusivity Provisions: Used when the co-brokers agree to work exclusively with each other in specific territories or for specific property types

2. Marketing Arrangements: Include when specific marketing responsibilities and cost-sharing need to be defined

3. International Transactions: Required when dealing with cross-border properties or clients

4. Anti-Money Laundering Procedures: Detailed AML procedures when dealing with high-value transactions or specific risk categories

5. Training and Support: Include when one broker will provide training or support to the other's team

6. Insurance Requirements: Additional insurance obligations beyond standard professional coverage

7. Non-Solicitation: Used when parties want to prevent poaching of clients or employees

Suggested Schedules

1. Schedule 1 - Commission Rates: Detailed breakdown of commission splits for different types of transactions

2. Schedule 2 - Territory Definition: Maps or descriptions of geographical areas covered by the agreement

3. Schedule 3 - Marketing Guidelines: Specific requirements for co-branded marketing materials

4. Schedule 4 - Standard Operating Procedures: Detailed procedures for handling joint listings and client management

5. Schedule 5 - Contact Details: Key personnel and emergency contact information for both parties

6. Appendix A - Required Documentation: Templates and forms to be used in joint transactions

7. Appendix B - Professional Certifications: Copies of relevant licenses and professional registrations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Luxury Real Estate

Industrial Property

Real Estate Investment

Property Management

Real Estate Technology

Construction

Relevant Teams

Legal

Compliance

Real Estate Sales

Operations

Finance

Marketing

Business Development

Administration

Risk Management

Property Management

Relevant Roles

Real Estate Broker

Managing Director

Sales Director

Property Manager

Business Development Manager

Compliance Officer

Legal Counsel

Operations Manager

Real Estate Agent

Regional Manager

Partnership Manager

Commission Administrator

Marketing Coordinator

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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