The Broker to Broker Agreement serves as a fundamental document for establishing professional relationships between licensed brokers in the United States. It is commonly used when brokers wish to collaborate on transactions, share territories, or refer clients to each other. The agreement typically addresses key aspects such as commission structures, confidentiality requirements, regulatory compliance, and dispute resolution procedures. This document is essential for maintaining clear communication and expectations while ensuring compliance with federal and state-specific broker regulations.
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1. Parties: Identification of the brokers entering into the agreement, including legal names, addresses, and licensing information
2. Background: Context of the agreement and the relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided by each broker
5. Commission Structure: Terms of commission sharing and payment procedures
6. Term and Termination: Duration of agreement and conditions for termination
7. Confidentiality: Provisions regarding handling of confidential information
8. Representations and Warranties: Legal assurances regarding licensing, authority, and compliance
1. Territory Rights: Geographic limitations of the agreement - used when brokers operate in specific territories
2. Marketing Provisions: Terms regarding joint marketing efforts - used when brokers plan collaborative marketing
3. Dispute Resolution: Procedures for handling disagreements - used when parties want specific conflict resolution procedures
4. Insurance Requirements: Specific insurance coverage requirements - used when additional insurance protection is needed
1. Commission Schedule: Detailed breakdown of commission rates and splits
2. Service Territory Map: Geographic boundaries of service areas
3. Licensing Documentation: Copies of relevant broker licenses and certifications
4. Standard Operating Procedures: Detailed procedures for collaboration between brokers
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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