Get the free Referral Fee Split Agreement June 4 2015

THE BARBARIAN LAW FIRM 801 N. Brand Blvd., Suite 210 Glendale, CA 91203 Main 818.553.1000 Fax 818.553.1005 RECIPROCAL WRITTEN REFERRAL PRESPLIT AGREEMENT This written attorney fee splitting agreement

How to fill out referral fee split agreement

Who needs referral fee split agreement?

1. Real Estate Agents: Referral fee split agreements are commonly used in the real estate industry when one agent refers a client to another agent. This ensures that the referring agent receives a percentage of the commission earned from the transaction.
2. Mortgage Brokers: Mortgage brokers who refer clients to other brokers or lenders may also use referral fee split agreements. This allows them to receive a portion of the commission generated from the referred client's loan transaction.
3. Financial Advisors: Financial advisors who refer clients to other advisors or investment firms can benefit from referral fee split agreements. By formalizing the agreement, they can establish how much of the generated fees will be shared with the referring advisor.
4. Insurance Agents: In the insurance industry, referral fee split agreements are commonly used when one agent refers a client to another agent or agency. This agreement provides a clear understanding of how the referral fees will be distributed between the agents involved.
5. Legal Professionals: Attorneys or law firms may also utilize referral fee split agreements when referring clients to other lawyers or firms with expertise in a specific area of law. This allows them to receive a percentage of the fees generated from the referred client's case.

How to fill out a referral fee split agreement?

1. Begin by clearly identifying the parties involved in the agreement. This includes the referring party (the person making the referral) and the receiving party (the one receiving the referral). Include their full names, contact information, and any relevant business details.
2. Specify the terms of the referral fee split. This includes the percentage or amount of the referral fee that will be paid to the referring party. Clearly outline the terms of payment, such as when and how the fees will be distributed.
3. Define the circumstances under which the referral fee split will be applicable. This can include specific conditions, such as the referred client completing a transaction, signing a contract, or making a purchase. Make sure these conditions are clear and understandable to all parties involved.
4. Include any additional provisions or clauses that are relevant to the agreement. This can include confidentiality provisions, non-compete clauses, or any other conditions that both parties agree to.
5. Provide spaces for signatures and dates at the end of the agreement. Both the referring party and the receiving party should sign the agreement to indicate their acceptance and understanding of the terms.

Remember, it is crucial to consult with legal professionals or experts in your industry to ensure that the referral fee split agreement complies with any applicable laws and regulations.

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What is referral fee split agreement?

Referral fee split agreement is a document that outlines the terms and conditions under which referral fees will be divided between parties involved in a real estate transaction.

Who is required to file referral fee split agreement?

Real estate agents, brokers, and other parties involved in a real estate transaction are required to file referral fee split agreement.

How to fill out referral fee split agreement?

Referral fee split agreement should be filled out by providing information about the parties involved, the percentage of the referral fee to be split, and the terms and conditions of the agreement.

What is the purpose of referral fee split agreement?

The purpose of referral fee split agreement is to ensure transparency and fairness in the division of referral fees between parties involved in a real estate transaction.

What information must be reported on referral fee split agreement?

Referral fee split agreement must include the names of the parties involved, the percentage of the referral fee to be split, and the terms and conditions of the agreement.