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1. Exclusivity: Terms of exclusive arrangement when broker is granted exclusive rights

2. Territory: Geographic scope of the agreement when services are limited to specific regions

3. Performance Targets: Specific goals or metrics when performance-based elements are included

4. Non-Compete Provisions: Restrictions on competitive activities when required by the principal

5. Insurance Requirements: Specific insurance obligations when required for high-value transactions

1. Schedule 1 - Commission Calculation: Detailed breakdown of commission structure and calculation examples

2. Schedule 2 - Service Level Agreement: Specific performance standards and metrics

3. Schedule 3 - Compliance Requirements: Detailed regulatory and reporting obligations

4. Schedule 4 - Territory Description: Detailed definition of geographic coverage where applicable

5. Schedule 5 - Required Authorizations: List of necessary regulatory authorizations and licenses

A commercial brokerage agreement in the UK should clearly outline the scope of services provided by the broker, their compensation (typically a commission percentage), and the duration of the agreement. It should also specify the broker's duties, such as finding suitable properties, negotiating terms, and handling paperwork. The agreement should address termination conditions, dispute resolution mechanisms, and any limitations on the broker's authority. Additionally, it should comply with relevant regulations, such as the Property Agents and the Law guidance from the UK government. For a comprehensive understanding, it's advisable to consult a solicitor familiar with commercial property transactions.

Commission splits in brokerage contracts refer to the division of commissions earned from successful transactions between the broker and the agent. Typically, the broker receives a larger share as they provide the resources and infrastructure, while the agent receives a smaller percentage for their direct work with clients. The split can vary widely, ranging from 50/50 to 90/10 in favour of the broker. It's crucial to carefully review the commission split terms in your to understand your compensation structure.