Referral Agreement (Real Estate) Template for Ireland

The Real Estate Referral Agreement (Real Estate) is designed for use in the Irish property market where real estate professionals wish to establish formal referral arrangements with other property service providers. This document is essential when licensed real estate agents or agencies want to create a structured approach to sharing business opportunities while ensuring compliance with Irish regulations, particularly the Property Services (Regulation) Act 2011 and relevant data protection laws. The agreement covers crucial aspects such as commission structures, referral processes, regulatory compliance, and professional obligations. It's particularly relevant when establishing long-term referral relationships in the Irish property market and includes specific provisions for PSRA licensing requirements and professional standards.

1. Parties: Identification of the referring party and the recipient party, including registration numbers and PSRA license details

2. Background: Context of the agreement and brief description of the parties' business activities

3. Definitions and Interpretation: Key terms used in the agreement, including 'Referral', 'Qualified Lead', 'Commission', etc.

4. Scope of Agreement: Details of the referral arrangement and territory covered

5. Referral Process: Step-by-step process for making and accepting referrals

6. Obligations of the Referring Party: Responsibilities in identifying and referring potential clients

7. Obligations of the Recipient Party: Responsibilities in handling referred clients and maintaining professional standards

8. Commission and Payment Terms: Structure of referral fees, payment timing, and calculation methods

9. Regulatory Compliance: Compliance with PSRA requirements and other relevant regulations

10. Data Protection and GDPR Compliance: Handling of personal data and compliance with data protection laws

11. Confidentiality: Protection of confidential information exchanged during the referral process

12. Term and Termination: Duration of agreement and termination provisions

13. General Provisions: Standard clauses including governing law, notices, and entire agreement