How two brokers share the fee on one transaction
Executed at Mohali on 1 April 2026.
1. The Listing Broker — Rajinder Kumar Bansal, trading as Bansal Property Consultants, of SCO 22, Phase 3B2, SAS Nagar (Mohali), Punjab 160059, mobile +91 XXXXX XXXXX, email rajinder@bansalproperty.in, real estate agent registration number PBRERA-SAS80-REA0123 ("the Listing Broker").
2. The Co-Broker — Amandeep Kaur Sidhu, trading as Sidhu Realty, of Booth 14, Sector 35-B, Chandigarh 160022, mobile +91 XXXXX XXXXX, email amandeep@sidhurealty.in, real estate agent registration number PBRERA-CHD-REA0456 ("the Co-Broker").
A. The Listing Broker acts for Gurpreet Singh Sandhu ("the Client") in a sale or letting of the property at House No. 1147, Sector 70, SAS Nagar (Mohali), Punjab 160071, in Punjab: A two-storey house on a plot of 250 square yards, with a covered car porch ("the Property").
B. The Co-Broker has introduced Harpreet Kaur Gill ("the Counterparty") as a prospective buyer or tenant of the Property.
1.1 Whatever fee the Client pays for a transaction with the Counterparty concerning the Property ("the Fee") is shared between the brokers: 50 per cent to the Listing Broker, and the balance to the Co-Broker.
1.2 The shares apply to the Fee actually received. Each broker accounts for its own taxes on its own share.
1.3 No share is payable on a transaction with anyone other than the Counterparty, and neither broker has any claim to the other's fee on any other transaction.
2.1 The Listing Broker will invoice the Client for the whole Fee and pay the Co-Broker its share within the time stated in clause 2.2.
2.2 A broker who receives any part of the other broker's share holds it for the other broker, and pays it on within 7 days of receiving it, with a statement of what the Client paid.
2.3 Neither broker may agree to reduce the Fee, or give the Client a discount or rebate, without the other's written consent.
3.1 The brokers will pursue an unpaid Fee together. The cost of doing so, an advocate's fees included, is shared in the same proportions as the Fee, and so is anything recovered.
3.2 Neither broker is liable to the other for the Client's failure to pay.
4.1 Each broker will keep the other informed of every offer, counter-offer and material development in the transaction.
4.2 In this transaction, neither broker will deal directly with the other's principal — the Client, for the Co-Broker, or the Counterparty, for the Listing Broker — except through, or with the knowledge of, the other broker. This clause restricts nothing beyond this transaction.