Real Estate Agent Referral Agreement Template for New Zealand

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Key Requirements PROMPT example:

Real Estate Agent Referral Agreement

"I need a Real Estate Agent Referral Agreement for my Auckland-based agency to establish an exclusive referral partnership with a Wellington agency, specifically for luxury residential properties valued over $2 million, with a 25% referral fee structure."

Document background
The Real Estate Agent Referral Agreement is essential for real estate professionals in New Zealand who wish to establish formal referral relationships with other licensed agents or agencies. This document is particularly valuable when agents need to refer clients to colleagues who specialize in different geographic areas, property types, or market segments. The agreement ensures compliance with the Real Estate Agents Act 2008 and other relevant New Zealand legislation while protecting the interests of all parties involved. It includes detailed provisions for referral fees, service standards, confidentiality, and professional obligations. The document is designed to facilitate smooth client transitions while maintaining professional standards and legal compliance in the New Zealand real estate market.
Suggested Sections

1. Parties: Identification of the referring agent/agency and receiving agent/agency, including license numbers and contact details

2. Background: Context of the agreement, including the purpose of establishing a referral relationship

3. Definitions: Key terms used in the agreement, including 'Referral', 'Referral Fee', 'Successful Transaction', etc.

4. Scope of Agreement: Details of the referral arrangement, including types of properties and clients covered

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

6. Compensation: Structure and calculation of referral fees, payment terms, and conditions for fee eligibility

7. Obligations of Referring Agent: Duties and responsibilities of the referring agent, including client introduction and information sharing

8. Obligations of Receiving Agent: Duties and responsibilities of the receiving agent, including client service standards and progress updates

9. Confidentiality: Protection of confidential information and client data

10. Term and Termination: Duration of the agreement and circumstances for termination

11. General Provisions: Standard legal clauses including governing law, dispute resolution, and entire agreement

Optional Sections

1. Exclusivity: Terms regarding exclusive referral relationships, used when parties agree to work exclusively with each other for specific types of referrals

2. International Referrals: Special provisions for international client referrals, including currency considerations and cross-border requirements

3. Marketing and Promotion: Terms regarding how each party may market or promote the referral relationship

4. Professional Indemnity Insurance: Requirements for maintaining professional indemnity insurance, particularly relevant for high-value property transactions

5. Sub-referrals: Provisions governing the ability to further refer clients to other agents, if permitted

6. Anti-Money Laundering Compliance: Specific provisions regarding AML/CFT compliance responsibilities when handling referrals

Suggested Schedules

1. Schedule 1: Referral Fee Structure: Detailed breakdown of referral fee percentages, including any variations based on property type or value

2. Schedule 2: Referral Territory: Geographic areas covered by the referral agreement

3. Schedule 3: Service Standards: Specific service level commitments and performance metrics

4. Schedule 4: Referral Process Workflow: Detailed step-by-step process flow for handling referrals

5. Appendix A: Referral Form Template: Standard form for making referrals

6. Appendix B: Commission Calculator: Tool or formula for calculating referral fees based on different scenarios

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

Relevant legal definitions
Clauses
Relevant Industries

Residential Real Estate

Commercial Real Estate

Industrial Real Estate

Luxury Real Estate

Property Management

Real Estate Investment

Property Development

Real Estate Brokerage

Relevant Teams

Legal

Compliance

Sales

Operations

Administration

Business Development

Property Management

Residential Sales

Commercial Sales

Client Services

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Manager

Branch Manager

Sales Director

Compliance Officer

Legal Counsel

Real Estate Agency Owner

Franchise Development Manager

Business Development Manager

Operations Manager

Managing Director

Real Estate Administrator

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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