Agreement for Sharing Commission Between Agent and Subagent
- R250.00 buy template only.
A subagent is a real estate agent or broker who brings in the buyer to purchase a property, but he or she is not the property's listing agent. The subagent usually earns a portion of the commission. Subagents are rare today because of the popularity of buyer's agents and due to liability concerns.
√ Attorney approved √ Practical points considered
Example uses of this document:This Commission Sharing agreement can be used by two estate agents who want to grant each other reciprocal authority and permission to market and sell properties listed by the other agent, in exchange for a share in the commission.
- When an estate agent that has been authorised by a seller to sell a property authorises another agent to introduce prospective buyers to the property.
Identifies the property/ies being sold.
Sets out the commission structure and basis on which commission will be paid to the sub-agent.
This document was written for Agreements.org by a Senior Attorney (Admitted in the High Court) with more than 18 years’ experience. It complies with current South African law.