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Co Broker Agreement (Real Estate)
"I need a Co-Broker Agreement (Real Estate) for a partnership between my Jakarta-based agency and a Bali-based agency, with a standard 50-50 commission split and shared access to property listings in both regions."
1. Parties: Identification of the cooperating real estate brokers/agencies, including their licensing details and business registration information
2. Background: Context of the agreement, including the purpose of cooperation and the general nature of the intended business relationship
3. Definitions: Key terms used throughout the agreement, including technical real estate terminology and specific Indonesian real estate market terms
4. Scope of Cooperation: Detailed outline of the collaborative arrangement and geographic areas covered
5. Rights and Obligations: Specific duties and responsibilities of each broker in the co-broking relationship
6. Commission Structure: Details of commission splits, calculation methods, and payment terms
7. Confidentiality: Provisions for handling sensitive information and client data
8. Term and Termination: Duration of the agreement and conditions for termination
9. Dispute Resolution: Procedures for resolving conflicts between the parties
10. Governing Law: Specification of Indonesian law as the governing law and relevant jurisdictional matters
11. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions
1. Exclusive Territories: Define geographic exclusivity if the agreement is territory-based
2. Marketing Collaboration: Specific terms for joint marketing efforts and cost sharing
3. Online Platform Usage: Rules for using shared online platforms or property listing systems
4. Training Requirements: Mandatory training or certification requirements for staff involved in co-broking
5. Insurance Requirements: Specific insurance coverage requirements for each party
6. Data Protection: Additional provisions for compliance with Indonesian data protection regulations
7. Force Majeure: Provisions for unforeseen circumstances affecting the agreement
8. Non-Compete Clauses: Restrictions on competitive activities, if applicable
1. Schedule A - Commission Structure: Detailed breakdown of commission rates and splitting arrangements
2. Schedule B - Territory Map: Maps and descriptions of covered geographic areas
3. Schedule C - Standard Operating Procedures: Detailed procedures for handling joint listings and transactions
4. Schedule D - Marketing Guidelines: Specific rules for co-branded marketing materials and activities
5. Schedule E - Contact Information: Key personnel and contact details for both parties
6. Appendix 1 - Required Licenses: Copies of current real estate broker licenses and business registrations
7. Appendix 2 - Property Types: List of property types covered under the agreement
8. Appendix 3 - Documentation Templates: Standard forms and templates to be used in co-broking transactions
Authors
Applicable Laws
Broker
Business Day
Client
Co-Broker
Commission
Commission Split
Confidential Information
Effective Date
Exclusive Listing
Force Majeure Event
Intellectual Property Rights
Lead Broker
Listing
Listing Agreement
Marketing Materials
Non-Exclusive Listing
Party/Parties
Property
Purchase Price
Referral Fee
Representatives
Sale Transaction
Service Territory
Shared Listing
Term
Transaction Documents
Working Hours
Licensed Real Estate Agent
Property Documentation
Marketing Period
Gross Commission
Net Commission
Agency Agreement
Operating Procedures
Professional Standards
Regulatory Authority
Real Estate License
Territory
Scope of Services
Territory Rights
Commission Structure
Payment Terms
Representations and Warranties
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Data Protection
Marketing and Advertising
Professional Standards
Compliance
Insurance
Liability
Indemnification
Term and Termination
Force Majeure
Assignment
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Waiver
Client Relations
Property Listings
Documentation Requirements
Regulatory Compliance
Anti-Money Laundering
Cooperation Procedures
Performance Standards
Reporting Requirements
Real Estate
Property Development
Property Management
Commercial Property
Residential Property
Real Estate Investment
Property Services
Construction
Urban Development
Legal
Real Estate Operations
Sales
Business Development
Compliance
Property Management
Contract Administration
Risk Management
Marketing
Finance
Real Estate Broker
Property Agent
Real Estate Agency Owner
Property Manager
Business Development Manager
Sales Director
Regional Sales Manager
Franchise Development Manager
Legal Counsel
Compliance Officer
Real Estate Operations Manager
Managing Director
Chief Executive Officer
Commercial Property Consultant
Real Estate Partnership Manager
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