Get the free BROKER PARTICIPATION REFERRAL AGREEMENT This form must be completed and received by ...

BROKER PARTICIPATION REFERRAL AGREEMENT This form must be completed and received by the Principal Auctioneer by 12 noon, Friday, November 30, 2012, and signed by auctioneer. Forms may be faxed to

How to fill out broker participation referral agreement

Who needs broker participation referral agreement?

1. Real estate brokers: Any real estate broker who wants to establish a referral agreement with another broker or company can benefit from a broker participation referral agreement. This agreement defines the terms and conditions of the referral partnership and ensures that both parties are clear on their responsibilities and obligations.
2. Homebuyers and sellers: Homebuyers and sellers may also need to be aware of the existence of a broker participation referral agreement. This agreement allows brokers to refer clients to other brokers or companies, which can sometimes lead to better opportunities or services for the buyer or seller.

How to fill out a broker participation referral agreement:

1. Download the template: Begin by finding a suitable broker participation referral agreement template. You can find these templates online, and many real estate organizations and associations provide their own versions.
2. Review the agreement: Read through the agreement carefully to understand its terms and conditions. Pay attention to the obligations of both parties, the referral fees, and any additional terms that may be included.
3. Gather necessary information: Collect all the necessary information to fill out the agreement accurately. This may include your name, the name of the other broker or company, contact details, and license information.
4. Fill in the details: Use the provided form fields in the template to input the required information. This typically includes the names and contact details of all parties involved, the referral fee percentage or amount, and the duration of the agreement.
5. Review and revise: Once you have filled out the agreement, review it for any errors or omissions. It's important to ensure that all details are accurate and that both parties' interests are protected.
6. Sign and date: Once you are satisfied with the agreement, sign and date it. Make sure that all parties involved sign the document to demonstrate their consent and agreement to the terms outlined.
7. Keep a copy: It is essential to keep a copy of the signed agreement for your records. This can serve as evidence of the agreed-upon terms and protect both parties in case of any future disputes.

Remember, it is always a good idea to consult with a legal professional or seek advice from your real estate association to ensure that the broker participation referral agreement complies with local laws and regulations.

For pdfFiller’s FAQs

What is broker participation referral agreement?

A broker participation referral agreement is a contractual agreement between real estate brokers to share commissions or referral fees for a real estate transaction.

Who is required to file broker participation referral agreement?

Real estate brokers who have agreed to share commissions or referral fees are required to file a broker participation referral agreement.

How to fill out broker participation referral agreement?

To fill out a broker participation referral agreement, both brokers involved in the agreement must provide their contact information, details of the real estate transaction, and the agreed upon commission or referral fee.

What is the purpose of broker participation referral agreement?

The purpose of a broker participation referral agreement is to outline the terms and conditions of commission sharing or referral fee between brokers in a real estate transaction.

What information must be reported on broker participation referral agreement?

The broker participation referral agreement must include the names and contact information of the participating brokers, details of the real estate transaction, and the agreed upon commission or referral fee.

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