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BROKER PARTICIPATION REFERRAL AGREEMENT (Buyers Are Not Required to have agent representation in order to bid at auctions form must be completed and received by the Principal Auctioneer by noon, Friday,

How to fill out a broker-to-broker written referral

How to fill out a broker-to-broker written referral

1. Begin by addressing the letter to the broker you are referring the client to.
2. Include your contact information, including your name, brokerage company, phone number, and email address.
3. Introduce the client by providing their name, contact information, and any relevant details about their real estate needs.
4. Clearly state your recommendation for the client and explain why you believe they would benefit from working with the referred broker.
5. Include any additional information or supporting documents that would help the referred broker understand the client's situation and needs.
6. Express your willingness to answer any questions or provide further information if needed.
7. Sign the letter with your name and title, and provide your contact information once again.
8. Send the referral letter to the referred broker through email, fax, or mail.

Who needs a broker-to-broker written referral?

1. Real estate agents or brokers who have clients that require the services of another broker in a different area or market.
2. Agents or brokers who do not have the expertise or capacity to handle certain types of real estate transactions and need to refer their clients to a more qualified broker.
3. Agents or brokers who have a network of trusted professionals in different markets and want to provide their clients with the best possible service by referring them to another knowledgeable broker.
4. Agents or brokers who have clients relocating to a different area and need assistance in finding a reliable local broker to help with their real estate needs.

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What is a broker-to-broker written referral?

A broker-to-broker written referral is a formal document that allows one broker to refer a client or transaction to another broker, typically for a fee or commission.

Who is required to file a broker-to-broker written referral?

Both the referring broker and the receiving broker are generally required to file a broker-to-broker written referral, as it formalizes the agreement and ensures compliance with applicable laws and regulations.

How to fill out a broker-to-broker written referral?

To fill out a broker-to-broker written referral, you need to provide details such as the names of the brokers involved, the client details, transaction specifics, fees/commissions agreed upon, and signatures from both parties.

What is the purpose of a broker-to-broker written referral?

The purpose of a broker-to-broker written referral is to outline the terms of the referral arrangement, ensure transparency, and protect the interests of all parties involved in a real estate transaction.

What information must be reported on a broker-to-broker written referral?

Information that must be reported includes the names of the brokers, the client’s details, transaction specifics, the commission structure, and any agreed terms regarding the referral.