Real Estate Agent Referral Agreement Generator for Australia

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Key Requirements PROMPT example:

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."

Document background
The Real Estate Agent Referral Agreement is a crucial document for Australian real estate professionals seeking to establish formal referral networks and expand their business reach. This agreement is particularly relevant when real estate agents or agencies wish to refer clients to other agents who may be better positioned to serve specific client needs, whether due to geographical location, property specialization, or market expertise. The document ensures compliance with Australian real estate regulations, including the Property and Stock Agents Act 2002 and state-specific requirements, while protecting both parties' interests. It typically includes detailed provisions for commission sharing, referral processes, confidentiality, and professional obligations, making it essential for maintaining professional standards and clear business relationships in the real estate industry.
Suggested Sections

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.

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Property Development

Property Investment

Professional Services

Real Estate Consulting

Relevant Teams

Legal

Compliance

Sales

Business Development

Operations

Property Management

Contract Administration

Risk Management

Real Estate Operations

Business Affairs

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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