Co-Brokerage Clause Samples
The Co-Brokerage clause defines the terms under which two or more brokers collaborate to represent a client or facilitate a transaction. Typically, this clause outlines how commissions or fees will be shared between the brokers, the responsibilities each broker holds, and the process for communicating with the client or other parties. By clearly allocating duties and compensation, the clause helps prevent disputes between brokers and ensures that all parties understand their roles in the transaction.
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Co-Brokerage. As the exclusive leasing agent for the Properties, Manager shall cooperate with any independent, affiliated or non-affiliated licensed real estate brokers or agents and may offer co-agency but not sub-agencies with respect to the leasing of the Properties. Notwithstanding any language to the contrary contained in this Section 4.2 providing for a fee or commission to be paid to Manager, in the event that any such independent, affiliated or non-affiliated broker participates, in good faith (and has a rightful claim to a brokerage commission), as a procuring cause of a tenant Lease or any renewal, extension, expansion or other modification of any tenant Lease with respect to which Manager would otherwise be due a commission pursuant to Sections 4.2.B(1) through 4.2.B(3) above (such broker or agent being hereinafter referred to as “Co-Agent”), then the commission payable by Owner shall only be as set forth in writing pursuant to a co-brokerage commission agreement by and among Owner, Manager and Co-Agent. Any such co-brokerage commissions shall be shared between Manager and Co-Agent as they shall agree.
Co-Brokerage. The Owner agrees that the Agent shall not be ------------ required to share or co-broker the compensation outlined in Sections 5.1(a) and (b) with another agent. The parties further agree that the amount paid to other real estate agents for their brokerage services shall reduce, on a dollar by dollar basis, the amount paid to the Agent under Section 5.1(b) hereof. Any commissions due other real estate agents for procuring a tenant shall be paid by the Owner.
Co-Brokerage. When the County is a seller or a landlord in a transaction, the Contractor must divide the commission with any purchaser’s or tenant’s broker. The division will be by agreement with the purchaser’s or tenant’s broker and will be based on market rates, unless otherwise agreed by the County. In negotiating commission divisions, Contractor shall act reasonably and use its best efforts to reach an agreement. Whenever Contractor is required or agrees to share its commission with a purchaser’s or tenant’s broker, Contractor shall pay the share promptly after receiving payment from the County. Other brokers and finders are not third-party beneficiaries to this agreement and may not enforce its terms.
Co-Brokerage. As the exclusive leasing agent for the ▇▇▇▇▇' Managed Properties, Manager shall cooperate with any independent, affiliated or non-affiliated licensed real estate brokers or agents and may offer co-agency but not sub-agencies with respect to the leasing of the ▇▇▇▇▇' Managed Properties. Notwithstanding any language to the contrary contained in this Section 4.2 providing for a fee or commission to be paid to Manager, in the 19 event that any such independent, affiliated or non-affiliated brokers participates, in good faith (and has a rightful claim to a brokerage commission), as a procuring cause of a tenant lease or any renewal, extension, expansion or other modification of any tenant lease with respect to which Manager would otherwise be due a commission pursuant to subsections 4.2.B(1) through 4.2.B(3), above (such broker or agent being hereinafter referred to as “Co-Agent”), then the commission payable by Owner shall only be as set forth on the Property Amendment under “Co-Brokerage Commissions.” Any such commissions shall be shared between Manager and Co-Agent as they shall agree.
Co-Brokerage. Owner shall not authorize or permit any other person, firm or corporation other than Manager to act as leasing agent for the Property unless agreed to by Manager. Manager shall have the right to enter into Brokerage agreements on behalf of and as the agent of (or otherwise in the name of) Owner, in connection with the leasing of Space, but only with the prior written approval of Owner. All leasing commissions which may be payable in connection with any co-brokerage agreements entered into by Owner pursuant to this Section 4.5 shall be paid by or on behalf of Owner.