13 Sep
2021

Broker Agreement Definition

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Unlike a distribution transaction, the relationship between the parties in a brokerage contract is not formally dependent. The concept of a commercial agent is particularly useful for companies that are just starting to export. It also allows small businesses to access foreign markets without much investment or international business experience, as the agent takes care of everything. This type of brokerage contract is usually referred to as a commission purchase contract. Buyer`s brokerage contracts are common among home buyers who use the services of a real estate agent to find a suitable property. There are two main types of brokerage contracts: a typical brokerage contract would cover issues such as acquisitions, proprietary investment opportunities, sale, mergers, recapitalizations, management buyouts, financings, or other typical business issues…

Teck Lee Tan

Field Engineer and Tech Artist at Unity Technologies

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