Free Real Estate Referral Fee Agreement Template

If you`re in the real estate industry, you know how important referral fees can be. They`re a key component of keeping your business running, as they incentivize other agents to send potential clients your way. But if you`re new to the world of referral fees, you might not know how to create a referral fee agreement. Fortunately, there are plenty of free templates available online.

Before we get into the details of referral fee agreements, it`s important to understand what they are. A referral fee agreement is a contract between two real estate agents, or between an agent and a non-agent, that outlines the terms of a referral fee. This fee is typically a percentage of the commission earned on a sale or purchase, and is paid to the agent who referred the client.

Now, let`s talk about where to find a free referral fee agreement template. A quick Google search will yield plenty of options, but you`ll want to make sure you choose one that fits your specific needs. Some templates are more detailed than others, so it`s important to read through each one carefully before making a decision.

Once you`ve found a template you like, it`s time to customize it to fit your situation. You`ll want to make sure that the agreement includes:

– The names and contact information of both parties involved

– The terms of the referral fee, including the percentage and how it will be paid

– Any stipulations or restrictions on the agreement, such as a time limit or exclusivity clause

– Any other details relevant to your specific situation

It`s important to note that referral fee agreements are subject to state and federal laws. Make sure you do your research to ensure that your agreement is legally enforceable in your jurisdiction.

In conclusion, a referral fee agreement can be an essential part of your real estate business. With the help of a free template and a little customization, you can create an agreement that protects your interests and incentivizes other agents to send clients your way. Just remember to do your due diligence and ensure that your agreement is legally sound.