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BROKERING AGENCY AGREEMENT THIS BROKERING AGENCY AGREEMENT (Agreement) is dated, by and between (Agency), with its principle place of business located at and UNITED GROUP UNDERWRITERS, INC. (Managing

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How to fill out brokering agent agreement

How to fill out brokering agent agreement:

01

Start by including the names and addresses of both parties involved in the agreement, namely the brokering agent and the client. Make sure to use accurate and up-to-date information.

02

Clearly define the scope of the agreement by outlining the services that the brokering agent will provide. This may include finding potential clients, negotiating deals, or facilitating transactions.

03

Specify the duration of the agreement, whether it is for a fixed period or ongoing until terminated by either party. Be clear on the notice period required for termination.

04

Include a section on compensation, detailing how the brokering agent will be paid for their services. This may include a commission structure or a flat fee arrangement. Also, mention any expenses that may be reimbursed.

05

Address any confidentiality or non-disclosure requirements if applicable. This is crucial to protect sensitive information shared during the brokering process.

06

Add any additional terms and conditions that are specific to the agreement, such as required insurance coverage, indemnification clauses, or limitation of liability.

07

Have both parties sign and date the agreement, making it legally binding. It is a good practice to have a witness sign as well.

08

Keep copies of the signed agreement for both parties' records.

Who needs brokering agent agreement:

01

Individuals or businesses looking to hire a brokering agent to assist in finding and negotiating deals or transactions

02

Brokering agents who offer their services to clients and want a formal agreement in place to protect their rights and clarify the scope of work

By following these steps, you can accurately fill out a brokering agent agreement and ensure that both parties are fully aware of their rights and responsibilities.

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