Broker Agreement

Last updated: January 2024

1. Broker Role

Brokers on Buyoo connect buyers with sellers and earn commissions on successful transactions. Brokers do not take ownership of products.

2. Client Management

Brokers must maintain professional relationships with clients, provide accurate information, and act in the best interest of both parties.

3. Commission Structure

Commission rates are agreed upon between the broker and the parties involved. Buyoo charges a platform fee of 5% on broker earnings. Commissions are tracked automatically through the platform.

4. Earnings & Withdrawals

Broker earnings are available for withdrawal once a transaction is completed and the 7-day dispute window has passed. Minimum withdrawal amount is ₦5,000.

5. Performance Standards

Brokers must maintain a minimum rating of 4.0 and respond to client requests within 12 hours. Consistently poor performance may result in account suspension.

6. Prohibited Practices

Charging clients above the agreed commission.
Misrepresenting products or vendors.
Directing transactions outside the platform.
Sharing client contact information with third parties.

7. Termination

Buyoo may terminate broker accounts that violate this agreement or engage in fraudulent activity. Brokers may also terminate their account with 30 days notice.

Legal & Privacy