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Co Broker Agreement (Real Estate) for Canada

Co Broker Agreement (Real Estate) Template for Canada

A legally binding agreement governed by Canadian real estate law that establishes the terms and conditions for cooperation between two real estate brokerages. This document outlines commission sharing arrangements, responsibilities, territorial rights, and operational procedures for joint real estate transactions. It ensures compliance with provincial real estate regulations while protecting both brokerages' interests and defining their collaborative relationship in serving clients within the Canadian real estate market. The agreement addresses both residential and commercial property transactions, incorporating necessary provisions for professional standards, confidentiality, and dispute resolution.

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Co Broker Agreement (Real Estate)

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What is a Co Broker Agreement (Real Estate)?

The Co-Broker Agreement (Real Estate) is essential for real estate brokerages in Canada seeking to formalize their collaborative relationships and expand their market reach. This document is typically used when two licensed real estate brokerages wish to work together on property transactions, share listings, or refer clients while maintaining compliance with provincial real estate regulations and federal laws. The agreement covers crucial aspects such as commission splitting, territorial rights, marketing protocols, and professional standards. It is particularly relevant in today's interconnected real estate market where brokerages increasingly collaborate to provide comprehensive services to clients across different regions or specializations. The document must align with specific provincial real estate acts and regulations while addressing practical aspects of modern brokerage operations.

What sections should be included in a Co Broker Agreement (Real Estate)?

1. Parties: Identifies the participating brokerages, including their legal names, licensing information, and principal business addresses

2. Background: Explains the context and purpose of the agreement, including the parties' desire to collaborate on real estate transactions

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Scope of Agreement: Outlines the geographic area, property types, and nature of collaboration covered by the agreement

5. Term and Termination: Specifies the duration of the agreement and conditions for termination or renewal

6. Commission Structure: Details the commission splitting arrangement and payment terms between the brokerages

7. Roles and Responsibilities: Defines each brokerage's duties, obligations, and standards of performance

8. Confidentiality: Establishes obligations regarding confidential information shared between the parties

9. Marketing and Branding: Sets guidelines for co-marketing properties and using each other's branding

10. Dispute Resolution: Outlines the process for resolving disagreements between the parties

11. Insurance and Liability: Specifies insurance requirements and allocation of liability between parties

12. General Provisions: Includes standard legal clauses such as governing law, notices, and entire agreement

What sections are optional to include in a Co Broker Agreement (Real Estate)?

1. International Transactions: Include when parties anticipate handling cross-border real estate transactions

2. Specialized Property Types: Add when agreement covers specific property categories like commercial, industrial, or luxury properties

3. Digital Marketing Provisions: Include when parties want to specify detailed arrangements for online marketing and lead sharing

4. Training and Support: Add when one brokerage will provide training or systems support to the other

5. Referral Program: Include when establishing a formal referral system between brokerages

6. Data Sharing Protocol: Add when parties need detailed provisions for sharing MLS and other property data

7. Non-Compete Provisions: Include when parties want to establish territorial or client-based restrictions

What schedules should be included in a Co Broker Agreement (Real Estate)?

1. Schedule A - Commission Structure: Detailed breakdown of commission splits for different transaction types and values

2. Schedule B - Territory Map: Map and description of the geographic area covered by the agreement

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

4. Schedule D - Contact Information: List of key personnel and contact details for both brokerages

5. Schedule E - Required Forms: Standard forms to be used in co-brokered transactions

6. Appendix 1 - Compliance Checklist: Checklist ensuring compliance with relevant real estate regulations

7. Appendix 2 - Service Standards: Detailed performance standards and service level expectations

Authors

Alex Denne

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

Jurisdiction

Canada

Cost

Free to use
Relevant legal definitions



































Clauses

































Relevant Industries

Real Estate

Property Management

Commercial Property

Residential Property

Real Estate Investment

Property Development

Real Estate Technology

Professional Services

Relevant Teams

Legal

Operations

Business Development

Compliance

Sales

Administration

Finance

Marketing

Partnership Management

Risk Management

Relevant Roles

Real Estate Broker

Managing Broker

Broker of Record

Real Estate Agent

Real Estate Sales Representative

Brokerage Owner

Compliance Officer

Real Estate Operations Manager

Business Development Manager

Real Estate Partnership Director

Legal Counsel

Contracts Administrator

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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