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VIP Realty Referral Agreement 2011-2025 free printable template

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REFERRAL AGREEMENT DATE (BROKER A) Broker / Brokerage Company Refers (Prospect) Name of Prospect To (BROKER B) Broker / Brokerage Company In consideration of the referral of Prospect, BROKER B shall
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How to fill out VIP Realty Referral Agreement

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How to fill out VIP Realty Referral Agreement

01
Begin by downloading the VIP Realty Referral Agreement template from the official website or your brokerage.
02
Enter the date at the top of the document.
03
Fill in the names and contact information of both the referring agent and the receiving agent.
04
Specify the details of the referral, including the property address and any relevant details.
05
Indicate the commission percentage or flat fee agreed upon for the referral.
06
Review the terms and conditions listed in the agreement.
07
Sign and date the agreement at the designated areas.
08
Provide a copy of the signed agreement to both parties for their records.

Who needs VIP Realty Referral Agreement?

01
Real estate agents who are referring clients to other agents.
02
Agents who are receiving client referrals from colleagues.
03
Brokerages looking to formalize referral processes.
04
Individuals seeking to establish legal documentation for referral agreements.
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The VIP Realty Referral Agreement is a legal document that outlines the terms and conditions under which real estate professionals can refer clients to each other and earn referral fees for successful transactions.
Real estate agents and brokers who are involved in referrals and wish to formalize their agreement with another party are required to file the VIP Realty Referral Agreement.
To fill out the VIP Realty Referral Agreement, you must provide the names of the referring and receiving parties, the details of the referred client, the terms of the referral fee, and any additional clauses relevant to the agreement.
The purpose of the VIP Realty Referral Agreement is to provide a clear and enforceable framework for real estate agents to make referrals and compensate one another for successful deals, thereby promoting collaboration in the industry.
The information that must be reported includes the names and contact information of the parties involved, details about the referred client, the agreed-upon referral fee, the terms of payment, and any other relevant conditions related to the referral.
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