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Builder Referral Agreement Date: 1. Referring Agent, does hereby refer the following Builder (Developer)/Development, to Runoff Properties of Houston, L.L.C. for the provision of real estate brokerage
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How to fill out builder referral agreement

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How to fill out builder referral agreement:

01
Start by obtaining a copy of a builder referral agreement template. This can typically be found online or by contacting a legal professional.
02
Review the entire agreement carefully to understand the terms and conditions outlined. Pay attention to important details such as commission rates, payment terms, and obligations of both the referring party and the builder.
03
Fill in the necessary information at the beginning of the agreement, including the names of the referring party and the builder, as well as their contact information.
04
Specify the scope of the referral agreement by outlining the types of projects or services the builder is being referred for. This can be specific, such as residential or commercial construction, or more general if applicable.
05
Determine the commission structure for the referring party. Clearly state how much commission will be paid, whether it is a percentage or a fixed amount, and when the payment will be made (e.g., upon completion of the project or after receiving payment from the client).
06
Define the duration of the referral agreement. Specify if it is a one-time referral or an ongoing agreement. Additionally, include any termination clauses if applicable.
07
Include any additional terms and conditions that both parties need to agree upon, such as confidentiality clauses or non-compete agreements.
08
Have both the referring party and the builder carefully read and understand the agreement before signing it. It may be beneficial to seek legal advice to ensure the agreement is legally binding and protects both parties' interests.
09
Keep a copy of the fully executed referral agreement for your records.

Who needs builder referral agreement?

01
Builders or construction companies who are looking to expand their client base through referrals.
02
Individuals or businesses who frequently come across potential clients in need of construction services and want to receive a commission for referring them to a builder.
03
Real estate agents or property managers who often deal with clients in need of construction or remodeling work and want to establish a formal referral agreement with a builder.
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A builder referral agreement is a contract between a builder and a referral source, typically a real estate agent or broker, outlining the terms of their partnership.
Both the builder and the referral source are required to file the builder referral agreement.
The builder referral agreement should be filled out with the names of the builder and referral source, the terms of the agreement, and any compensation or incentives being provided.
The purpose of a builder referral agreement is to formalize the partnership between the builder and the referral source, ensuring clear expectations and terms.
The builder referral agreement should include the names of the parties involved, the duration of the agreement, any compensation or incentives, and any exclusivity or non-compete clauses.
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