Get Broker Referral Fee Agreement

Filling out the Broker Referral Fee Agreement online is a straightforward process. This guide will help you understand each section of the agreement, ensuring that you complete it accurately and effectively.

Follow the steps to successfully complete the agreement.

1. Click ‘Get Form’ button to obtain the form and open it in the editing interface.
2. Begin by entering the name of the Referring Broker in the designated section. This will help identify the individual or entity making the referral.
3. Next, input the name of the Referred Broker, who will receive the referral. Ensure that the spelling is accurate to avoid any issues.
4. Specify the Principal involved in the referral by entering their name. The Principal is the party for whom the services are rendered.
5. Provide the address of the Principal, ensuring that it is complete and current.
6. In the Fee section, check the appropriate box indicating the payment method — either a percentage of the total commission or a flat fee. Enter the applicable amount next to the choice made.
7. Indicate when the payment will be made, specifically noting that it should occur at the close of escrow or upon completion of the transaction. Make sure you fill in the time frame for this condition.
8. If there are any Additional Terms and Conditions, include them in the section provided. This ensures all parties are informed of any special agreements.
9. The Referring Broker should sign by entering their name, along with their agent’s information and the date and time of signing.
10. The Referred Broker must also sign, providing their name, agent's information, and the date and time. This finalizes the agreement.
11. Once completed, you can save your changes, download the document, print it for physical records, or share it electronically as needed.

Complete your Broker Referral Fee Agreement online today to ensure a smooth referral process.