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ADDENDUMTOBROKERAGREEMENT ThisAddendumtoBrokerAgreement(addendum)ismadethis day of, 20, by andbetweenRealEstateMortgageNetwork, Inc.withitshomeofficehavingtheaddressof70Grand Avenue,Suite109RiverEdge,NJ07661(REM)and

How to fill out addendum to broker agreement

How to Fill out Addendum to Broker Agreement:

1. Begin by reviewing the original broker agreement. Familiarize yourself with the terms and conditions outlined in the agreement to ensure you understand the context and purpose of the addendum.
2. Clearly state the purpose of the addendum in the introductory section. Whether it is to add or modify certain provisions, clarify specific terms, or address any other specific concerns, clearly communicate the intended purpose.
3. Identify the parties involved. Clearly state the names and contact information of all parties involved, including the broker and the client or clients.
4. Specify the effective date of the addendum. Indicate when the addendum will become enforceable, ensuring that it aligns with any specified timeframes in the original broker agreement.
5. Clearly outline the changes or additions being made. Use concise and specific language to detail any modifications or additions being made to the original agreement. This can include changes to commissions, fees, termination clauses, or any other relevant provision.
6. Ensure that any changes made in the addendum do not conflict with the terms outlined in the original broker agreement. Double-check for consistency and coherence between the two documents.
7. If necessary, include any supporting documents or exhibits. If there are any additional documents that need to be attached to the addendum to provide further context or clarity, make sure to include them and reference them appropriately.
8. Review and proofread the addendum before finalizing it. Ensure that all information is accurate, clear, and free from errors. Check for any inconsistencies or ambiguities that may arise from the changes made.
9. Once the addendum is finalized, make sure all parties involved sign and date the document. This signifies their agreement and acceptance of the terms and changes outlined in the addendum.

Who Needs an Addendum to Broker Agreement?

1. Individuals or companies who have entered into a broker agreement and wish to make changes or additions to the original terms.
2. Clients who require modifications to provisions such as commissions, fees, termination clauses, or any other relevant terms.
3. Brokers who wish to clarify certain terms or address specific concerns that were not adequately covered in the original agreement.
4. Parties who want to ensure that all modifications or changes made to the original broker agreement are properly documented and legally binding.

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