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Broker To Broker Referral Form
"I need a Broker to Broker Referral Form for a one-time referral of a high-net-worth client interested in luxury residential properties in Metro Manila, with a 30% referral fee arrangement and a referral validity period until March 2025."
1. Parties: Identification of the referring broker and receiving broker, including their respective license numbers and contact information
2. Background: Brief context explaining the purpose of the referral arrangement and the professional relationship between the brokers
3. Definitions: Key terms used in the agreement, including 'Referral', 'Client', 'Commission', and 'Successful Transaction'
4. Referral Details: Specific information about the referred client and the nature of their real estate needs
5. Compensation Terms: Clear statement of the referral fee or commission split arrangement, including payment timing and conditions
6. Broker Responsibilities: Outline of each broker's duties and obligations in handling the referral
7. Term and Termination: Duration of the referral arrangement and conditions for termination
8. Confidentiality: Provisions regarding the confidential treatment of client information and business details
9. Governing Law: Specification that the agreement is governed by Philippine law and reference to relevant regulations
10. Execution: Signature blocks for both brokers with dates and professional license details
1. Non-Solicitation: Optional clause preventing either broker from directly soliciting the other's clients, used when there's a concern about client poaching
2. Dispute Resolution: Optional section specifying mediation or arbitration procedures, recommended for higher-value referral arrangements
3. Multiple Referral Terms: Optional section for ongoing referral relationships rather than single-transaction arrangements
4. Marketing Guidelines: Optional section specifying how the receiving broker may market to or communicate with the referred client, used when specific restrictions are needed
5. Force Majeure: Optional clause addressing unforeseen circumstances that may affect the referral arrangement, recommended for longer-term arrangements
1. Schedule A - Client Information: Detailed information about the referred client, including contact details and specific real estate requirements
2. Schedule B - Commission Structure: Detailed breakdown of the commission split or referral fee calculation method
3. Schedule C - Required Documentation: List of documents required from both brokers to formalize the referral arrangement, including licenses and certifications
4. Appendix 1 - Proof of Client Consent: Written confirmation that the client has agreed to the referral arrangement
Authors
Residential Real Estate
Commercial Real Estate
Industrial Real Estate
Luxury Real Estate
Retail Real Estate
Office Real Estate
Land Development
Property Management
Real Estate Investment
Real Estate Operations
Sales
Legal
Compliance
Administrative Support
Business Development
Transaction Management
Document Processing
Client Relations
Property Management
Real Estate Broker
Licensed Real Estate Agent
Real Estate Sales Manager
Brokerage Owner
Real Estate Compliance Officer
Real Estate Operations Manager
Transaction Coordinator
Business Development Manager
Real Estate Division Head
Property Consultant
Real Estate Administrative Assistant
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