The Registration Agreement Between Brokers serves as a crucial document in the U.S. real estate industry where multiple brokers often collaborate on property transactions. This agreement becomes necessary when brokers from different firms work together to facilitate real estate transactions, requiring clear terms for client registration, commission splitting, and cooperation protocols. The document ensures compliance with state-specific real estate laws and federal regulations while protecting each broker's financial interests and professional relationships. It's particularly important in situations involving exclusive listings, buyer representation, and cross-firm cooperation.
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1. Parties: Identification of the brokers entering into the agreement
2. Background: Context and purpose of the registration agreement
3. Definitions: Key terms used throughout the agreement
4. Registration Terms: Core terms of the registration arrangement between brokers
5. Commission Structure: Details of commission splitting and payment terms
6. Term and Termination: Duration of agreement and termination conditions
7. Confidentiality: Protection of confidential information
8. Governing Law: Applicable jurisdiction and law
1. Territory Definition: Geographic scope of the agreement - use when registration rights are limited to specific geographic areas
2. Dispute Resolution: Mediation and arbitration procedures - use when parties want to specify alternative dispute resolution methods
3. Non-Circumvention: Prevents direct dealings that bypass the agreement - use when there's risk of parties bypassing the registration system
4. Marketing Rights: Terms for marketing and advertising - use when joint marketing activities are contemplated
1. Commission Schedule: Detailed breakdown of commission rates and splits
2. Registration Form Template: Standard form for registering clients or properties
3. Territory Map: Visual representation of geographic territory if applicable
4. Broker Licenses: Copies of current broker licenses and certifications
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