Agreement Between Brokers Form

State:
Multi-State
Control #:
US-01780BG
Format:
Word; 
Rich Text
Instant download

Description

The Agreement between Brokers form is a legal document crafted for mortgage brokers seeking to formalize their collaboration in finding acceptable lenders for clients. It is designed to specify the roles and responsibilities of both the Contracting Broker and the Referral Broker while ensuring compliance with established terms. Key features include clauses detailing payment arrangements for the Referral Broker, restrictions on direct contact with the client, and non-competition clauses to protect the interests of the Contracting Broker. Instructions for filling out the form encourage clarity by providing spaces for necessary information such as names, addresses, payment specifics, and any necessary terms regarding communication about the loan. This form is particularly useful for attorneys, partners, and legal assistants who require structured agreements that adhere to legal standards. Paralegals and associates can utilize the form to streamline the process of collaborating with brokers, ensuring all parties are clear on their obligations and potential liabilities. Overall, this agreement is essential for maintaining professionalism and clarity in broker-client relations.
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How to fill out Agreement Between Mortgage Brokers To Find Acceptable Lender For Client?

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FAQ

A broker protection clause in a listing contract provides for payment of a commission to the listing broker if the owner sells the property within a certain number of days after the listing expires and to a broker-introduced buyer.

Broker-Dealer Agreement means an agreement between the Auction Agent and a Broker-Dealer, pursuant to which such Broker-Dealer agrees to follow the Auction Procedures.

If a person, government, or country brokers an agreement, a ceasefire, or a round of talks, they try to negotiate or arrange it.

Brokerage relationship means the contractual relationship between a client and a real estate licensee who has been engaged by such client for the purpose of procuring a seller, buyer, option, tenant, or landlord ready, able, and willing to sell, buy, option, exchange or rent real estate on behalf of a client.

A Broker Agreement, also known as a Finder's Fee Agreement or a Referral Agreement, sets forth the terms and conditions under which a Broker will either find goods and/or services for a Buyer to purchase or interested buyers for goods and/or services being sold by a Seller.

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Agreement Between Brokers Form