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Real Estate Agent Referral Agreement
"I need a Real Estate Agent Referral Agreement for my Sydney-based residential property agency to establish a referral network with agents in Brisbane and Melbourne, with a 25% referral commission structure and specific focus on luxury properties above $2M."
1. Parties: Identification of the referring agent and receiving agent, including license numbers and business details
2. Background: Context of the agreement and the parties' intention to establish a referral relationship
3. Definitions: Key terms used throughout the agreement, including 'Referral', 'Commission', 'Referred Client', etc.
4. Scope of Agreement: Nature of referral arrangement and territory/jurisdiction covered
5. Referral Process: Detailed process for making and accepting referrals
6. Commission Structure: Terms of referral fees, calculation method, and payment conditions
7. Payment Terms: Timing and method of commission payments, invoicing requirements
8. Obligations of Referring Agent: Duties and responsibilities of the agent making referrals
9. Obligations of Receiving Agent: Duties and responsibilities of the agent receiving referrals
10. Compliance: Commitment to comply with relevant real estate laws and regulations
11. Confidentiality: Protection of confidential information and client data
12. Term and Termination: Duration of agreement and termination provisions
13. General Provisions: Standard boilerplate clauses including governing law, notices, etc.
1. Non-Compete: Used when parties want to restrict competition within specific territories or client bases
2. Marketing and Branding: Include when parties need to specify how each other's brands can be used in marketing referral relationships
3. Dispute Resolution: Detailed dispute resolution procedures, recommended for high-value referral relationships
4. Insurance Requirements: Specific insurance obligations, important for high-value property transactions
5. Training and Support: Include when receiving agent will provide training on their services/market
6. Reporting Requirements: Used when regular reporting on referral status is needed
7. International Considerations: Include for cross-border referral arrangements
1. Schedule 1 - Commission Structure: Detailed breakdown of commission rates for different types of transactions
2. Schedule 2 - Referral Territory: Map or description of geographical areas covered by the agreement
3. Schedule 3 - Referral Process Workflow: Step-by-step process flow for handling referrals
4. Schedule 4 - Required Documentation: List of documents required for valid referrals
5. Appendix A - Contact Details: Key contacts and communication protocols for both parties
6. Appendix B - Reporting Templates: Standard forms for tracking and reporting referrals
Authors
Applicable Laws
Business Day
Commission
Confidential Information
Effective Date
Intellectual Property Rights
Licensed Real Estate Agent
Listing Agreement
Material Terms
Parties
Property
Receiving Agent
Referral
Referral Commission
Referral Fee
Referral Notice
Referred Client
Referring Agent
Related Entity
Relevant Transaction
Service Territory
Successful Transaction
Term
Transaction Value
Interpretation
Appointment
Referral Process
Commission
Payment Terms
Representations and Warranties
Obligations
Compliance
Confidentiality
Non-Compete
Non-Solicitation
Intellectual Property
Data Protection
Indemnification
Limitation of Liability
Term and Termination
Force Majeure
Notice
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Electronic Communications
Territory Rights
Professional Standards
Record Keeping
Marketing Rights
Client Communication
Insurance
Anti-Money Laundering
Reporting Requirements
Real Estate
Property Management
Residential Property
Commercial Property
Property Development
Property Investment
Professional Services
Real Estate Consulting
Legal
Compliance
Sales
Business Development
Operations
Property Management
Contract Administration
Risk Management
Real Estate Operations
Business Affairs
Real Estate Agent
Property Manager
Real Estate Broker
Sales Director
Business Development Manager
Compliance Officer
Real Estate Network Manager
Agency Principal
Real Estate Sales Representative
Operations Manager
Legal Counsel
Contracts Administrator
Regional Sales Manager
Referral Coordinator
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