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1. Parties: Identification of the real estate agents entering into the partnership, including their license numbers and contact information
2. Background: Context of the partnership formation, including the agents' experience and reasons for partnering
3. Definitions: Key terms used throughout the agreement, including industry-specific terminology
4. Partnership Structure: Legal form of partnership, ownership percentages, and voting rights
5. Term and Renewal: Duration of the partnership agreement and conditions for renewal
6. Commission Split and Revenue Sharing: Detailed breakdown of how commissions and revenues will be divided between partners
7. Expenses and Cost Sharing: Allocation of business expenses and operational costs between partners
8. Duties and Responsibilities: Specific roles, responsibilities, and expectations of each partner
9. Business Operations: Day-to-day management, decision-making processes, and operational procedures
10. Marketing and Branding: Guidelines for marketing efforts, brand usage, and advertising responsibilities
11. Client Relations: Protocols for client management, lead distribution, and client communication
12. Confidentiality: Protection of confidential information and trade secrets
13. Non-Competition: Restrictions on competing activities during and after the partnership
14. Termination: Conditions and procedures for ending the partnership
15. Dispute Resolution: Process for resolving conflicts between partners
1. Team Members and Employees: Include when the partnership will employ additional staff or team members
2. Technology and Systems: Include when specifying shared technology platforms, CRM systems, and digital tools
3. Geographic Territory: Include when partners want to define specific market areas or territories
4. Specialized Services: Include when partners offer additional services beyond standard real estate transactions
5. Insurance Requirements: Include when specifying additional insurance coverage beyond standard requirements
6. Training and Development: Include when partners agree to specific professional development commitments
7. Succession Planning: Include when addressing long-term continuation of the business
8. International Transactions: Include when partners deal with international clients or properties
1. Schedule A - Commission Structure: Detailed breakdown of commission splits for different transaction types
2. Schedule B - Expense Allocation: Itemized list of shared expenses and payment responsibilities
3. Schedule C - Marketing Budget: Annual marketing budget and allocation of marketing expenses
4. Schedule D - Office Equipment and Assets: Inventory of shared equipment, furniture, and assets
5. Schedule E - Territory Map: Geographical areas of operation if applicable
6. Appendix 1 - Partner Information: Detailed information about each partner's credentials and licenses
7. Appendix 2 - Operating Procedures: Detailed procedures for day-to-day operations
8. Appendix 3 - Technology Systems: List of shared software, passwords, and digital assets
Real Estate
Property Management
Commercial Property
Residential Property
Legal Services
Professional Services
Business Services
Construction and Development
Property Investment
Legal
Compliance
Real Estate Operations
Sales
Business Development
Property Management
Document Administration
Risk Management
Partner Relations
Real Estate Agent
Real Estate Broker
Managing Broker
Real Estate Partner
Business Development Manager
Sales Director
Property Manager
Legal Counsel
Compliance Officer
Operations Manager
Partnership Administrator
Real Estate Team Leader
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