Real Estate Broker Referral Agreement Template for New Zealand

This Real Estate Broker Referral Agreement is designed for use in New Zealand when establishing formal referral relationships between licensed real estate professionals. It is particularly useful when brokers or agents wish to collaborate across different geographical areas or specializations within New Zealand's property market. The agreement ensures compliance with the Real Estate Agents Act 2008 and related regulations while protecting the interests of all parties involved, including referred clients. It covers essential aspects such as referral fee structures, payment terms, confidentiality obligations, and professional responsibilities. This document is commonly used when expanding business networks, managing overflow work, or connecting clients with specialized property expertise in different regions.

1. Parties: Identification of the referring broker and receiving broker, including their license numbers and business addresses

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

3. Definitions: Key terms used throughout the agreement, including 'Referral', 'Referred Client', 'Commission', and 'Successful Transaction'

4. Scope of Agreement: Details of the referral arrangement, including territories covered and types of properties/transactions included

5. Referral Process: Step-by-step process for making and accepting referrals, including communication requirements

6. Compensation Terms: Referral fee structure, calculation method, and payment terms

7. Obligations of Referring Broker: Duties and responsibilities of the broker making the referral

8. Obligations of Receiving Broker: Duties and responsibilities of the broker receiving the referral

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

10. Confidentiality: Protection of confidential information and client data

11. Compliance with Laws: Commitment to comply with relevant real estate and privacy laws

12. Dispute Resolution: Process for resolving disagreements between the parties

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