Pursuant to this Agreement, Broker intends to refer to a corporate entity potential purchasers of real property. In return for referring potential purchasers to said corporate entity, it agrees to pay to Broker a referral fee under and upon the terms and conditions set forth in this Agreement.
The Kentucky Broker Referral Agreement is a legal contract that outlines the terms and conditions under which a broker may refer clients or business opportunities to another broker or real estate professional in the state of Kentucky. This agreement serves as a written record of the arrangement and ensures that all parties are aware of their rights and obligations. Keywords: Kentucky, broker, referral agreement, real estate professional, terms and conditions, legal contract, clients, business opportunities, rights, obligations. There are several types of Kentucky Broker Referral Agreement, which include: 1. Residential Referral Agreement: This type of agreement is used when the referral involves residential real estate transactions, such as buying, selling, or leasing residential properties. 2. Commercial Referral Agreement: When the referral pertains to commercial real estate transactions, such as office spaces, retail properties, or industrial properties, a commercial referral agreement is utilized. 3. Rental Referral Agreement: Some brokers specialize in connecting tenants with suitable rental properties. In such cases, a specific rental referral agreement is used to outline the terms of the referral arrangement. 4. Agent-to-Agent Referral Agreement: This type of agreement is commonly used when one agent refers a client to another agent within the same brokerage or agency. The agreement ensures that both agents understand their responsibilities and the compensation terms for the referral. 5. Exclusive Referral Agreement: In certain cases, brokers may enter into an exclusive referral agreement, which grants one broker exclusive rights to receive and handle all referrals from a specific source or client base. Overall, the Kentucky Broker Referral Agreement is a crucial document for brokers and real estate professionals seeking to establish a referral relationship. It provides clarity and protection for all parties involved, ensuring fair compensation and a clear understanding of the referral process.
The Kentucky Broker Referral Agreement is a legal contract that outlines the terms and conditions under which a broker may refer clients or business opportunities to another broker or real estate professional in the state of Kentucky. This agreement serves as a written record of the arrangement and ensures that all parties are aware of their rights and obligations. Keywords: Kentucky, broker, referral agreement, real estate professional, terms and conditions, legal contract, clients, business opportunities, rights, obligations. There are several types of Kentucky Broker Referral Agreement, which include: 1. Residential Referral Agreement: This type of agreement is used when the referral involves residential real estate transactions, such as buying, selling, or leasing residential properties. 2. Commercial Referral Agreement: When the referral pertains to commercial real estate transactions, such as office spaces, retail properties, or industrial properties, a commercial referral agreement is utilized. 3. Rental Referral Agreement: Some brokers specialize in connecting tenants with suitable rental properties. In such cases, a specific rental referral agreement is used to outline the terms of the referral arrangement. 4. Agent-to-Agent Referral Agreement: This type of agreement is commonly used when one agent refers a client to another agent within the same brokerage or agency. The agreement ensures that both agents understand their responsibilities and the compensation terms for the referral. 5. Exclusive Referral Agreement: In certain cases, brokers may enter into an exclusive referral agreement, which grants one broker exclusive rights to receive and handle all referrals from a specific source or client base. Overall, the Kentucky Broker Referral Agreement is a crucial document for brokers and real estate professionals seeking to establish a referral relationship. It provides clarity and protection for all parties involved, ensuring fair compensation and a clear understanding of the referral process.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.