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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."
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
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
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
Referring Agent
Receiving Agent
Referral
Referral Client
Referral Fee
Successful Transaction
Commission
Property
Confidential Information
Intellectual Property
Licensed Real Estate Agent
Real Estate Agency Work
Territory
Term
Business Day
Completion Date
Qualifying Transaction
Professional Standards
Service Standards
Client Introduction
Agency Agreement
Sale and Purchase Agreement
Settlement Date
Listing Agreement
Personal Information
AML/CFT Requirements
Force Majeure Event
Material Breach
Dispute
Commission Structure
Payment Terms
Territory Restrictions
Confidentiality
Data Protection
Professional Conduct
Service Standards
Non-Solicitation
Non-Competition
Term and Duration
Termination
Compliance
Anti-Money Laundering
Representations and Warranties
Indemnification
Force Majeure
Assignment
Dispute Resolution
Governing Law
Entire Agreement
Severability
Notices
Amendment
Relationship of Parties
Exclusivity
Insurance
Record Keeping
Marketing and Promotion
Client Communication
Residential Real Estate
Commercial Real Estate
Industrial Real Estate
Luxury Real Estate
Property Management
Real Estate Investment
Property Development
Real Estate Brokerage
Legal
Compliance
Sales
Operations
Administration
Business Development
Property Management
Residential Sales
Commercial Sales
Client Services
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
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