Buyer Referral Agreement for the United States
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Buyer Referral Agreement
"I need a Buyer Referral Agreement for my real estate agency in California, which will pay a 25% commission to independent agents who refer successful luxury property buyers, with a minimum transaction value of $2M, starting March 2025."
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1. Parties: Identifies all parties to the agreement, including legal names and addresses
2. Background/Recitals: Explains the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Referral Services: Details the scope and nature of referral services to be provided
5. Compensation: Specifies referral fees, payment terms, and conditions for payment
6. Term and Termination: Defines duration of agreement and termination conditions
7. Representations and Warranties: States parties' assurances regarding licenses, compliance, and authority
8. Confidentiality: Outlines handling of confidential information
1. Non-Compete: Restricts competitive activities - use when protecting business interests from competition is crucial
2. Marketing Guidelines: Specifies permitted marketing practices - use when referrer will be actively marketing services
3. Insurance Requirements: Specifies required insurance coverage - use when risk management is a significant concern
4. Data Protection: Details data handling requirements - use when significant personal data will be shared
1. Fee Schedule: Detailed breakdown of referral fees and payment structures
2. Territory Definition: Defines geographical areas covered by the agreement
3. Referral Process: Step-by-step process for making and tracking referrals
4. Compliance Checklist: List of regulatory requirements and compliance procedures
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