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REAL ESTATE REFERRAL AGREEMENT (BETWEEN LICENSED BROKERS)Date of Referral Agreement: ___ Section 1.Referring Broker/Agent NAME: LICENSE OR FIRM NO.:COMPANY:BUSINESS ADDRESS: EMAIL ADDRESS: COMPANY
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How to fill out referral agreement between brokers

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How to fill out referral agreement between brokers

01
Begin by outlining the details of the agreement such as the names of the brokers involved, the terms of the referral fee, and the duration of the agreement.
02
Specify the obligations of each party, including the responsibilities of the referring broker and the receiving broker.
03
Include clauses about confidentiality, non-disclosure, and non-compete agreements to protect both parties.
04
Clearly state the commission structure, payment terms, and any additional fees or expenses that may be incurred.
05
Have both brokers review the agreement thoroughly and make any necessary edits before signing to ensure mutual understanding and compliance.

Who needs referral agreement between brokers?

01
Real estate brokers looking to refer clients to other brokers in exchange for a referral fee.
02
Insurance brokers looking to refer clients to other brokers for specialized coverage.
03
Financial brokers looking to refer clients to other brokers for investment opportunities.

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A referral agreement between brokers is a formal contract that outlines the terms and conditions under which one broker refers a client or business opportunity to another broker, usually in exchange for a commission or fee.
Both brokers involved in the referral transaction are typically required to file the referral agreement to ensure compliance with regulatory standards and to document the agreement for financial and legal purposes.
To fill out a referral agreement between brokers, you should include the names and contact details of both brokers, describe the nature of the referral, specify the commission structure, and outline the responsibilities of each party. Ensure that both parties sign and date the agreement.
The purpose of a referral agreement between brokers is to establish a legal framework for the referral process, protect the rights of both parties, and guarantee that the referring broker receives compensation for their role in facilitating the client connection.
The information that must be reported includes the names and addresses of both brokers, the details of the referrals, the commission rates or fees agreed upon, and any applicable terms and conditions governing the referral.
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