This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A referral agreement between a real estate broker and a real estate salesperson or agent or realtor in Contra Costa, California is a legal agreement that outlines the terms and conditions for the sharing of commission on referred clients or leads. This agreement ensures a fair and organized system for compensating individuals who refer potential clients to a real estate broker. There are different types of referral agreements in Contra Costa, California that can be established between a real estate broker and a real estate salesperson or agent or realtor. These agreements may vary depending on the specific terms and conditions agreed upon by both parties. Some common types of referral agreements include: 1. Flat Fee Referral Agreement: This type of agreement establishes a fixed amount or flat fee that the referring party will receive as a commission for each successful referral. The exact amount is predetermined and remains the same regardless of the final commission earned by the real estate broker. 2. Percentage-Based Referral Agreement: In this type of agreement, the referring party receives a percentage of the commission earned by the real estate broker for each referred client. The percentage is typically negotiated between the broker and the referrer and can be based on the final sales price or gross commission earned. 3. Split Referral Agreement: This agreement sets a predetermined split ratio for commission sharing between the broker and the referrer. For example, the referrer may receive 50% of the commission earned by the broker for each successful referral. The split can be adjusted based on various factors and is typically agreed upon before any referrals are made. Regardless of the type of referral agreement, it is essential to clearly outline the terms and conditions in a written contract. The agreement should include details such as the responsibilities of the referring party, the obligations of the broker, the criteria for a successful referral, the commission structure, payment terms, confidentiality clauses, and any additional terms both parties find necessary. In Contra Costa, California, referral agreements play a vital role in fostering mutually beneficial relationships between real estate brokers and salespersons or agents. These agreements provide incentives for individuals to refer potential clients, helping brokers expand their networks and salespersons or agents earn additional income. It is important for both parties to carefully review and understand the terms of the referral agreement before entering into any professional partnership.A referral agreement between a real estate broker and a real estate salesperson or agent or realtor in Contra Costa, California is a legal agreement that outlines the terms and conditions for the sharing of commission on referred clients or leads. This agreement ensures a fair and organized system for compensating individuals who refer potential clients to a real estate broker. There are different types of referral agreements in Contra Costa, California that can be established between a real estate broker and a real estate salesperson or agent or realtor. These agreements may vary depending on the specific terms and conditions agreed upon by both parties. Some common types of referral agreements include: 1. Flat Fee Referral Agreement: This type of agreement establishes a fixed amount or flat fee that the referring party will receive as a commission for each successful referral. The exact amount is predetermined and remains the same regardless of the final commission earned by the real estate broker. 2. Percentage-Based Referral Agreement: In this type of agreement, the referring party receives a percentage of the commission earned by the real estate broker for each referred client. The percentage is typically negotiated between the broker and the referrer and can be based on the final sales price or gross commission earned. 3. Split Referral Agreement: This agreement sets a predetermined split ratio for commission sharing between the broker and the referrer. For example, the referrer may receive 50% of the commission earned by the broker for each successful referral. The split can be adjusted based on various factors and is typically agreed upon before any referrals are made. Regardless of the type of referral agreement, it is essential to clearly outline the terms and conditions in a written contract. The agreement should include details such as the responsibilities of the referring party, the obligations of the broker, the criteria for a successful referral, the commission structure, payment terms, confidentiality clauses, and any additional terms both parties find necessary. In Contra Costa, California, referral agreements play a vital role in fostering mutually beneficial relationships between real estate brokers and salespersons or agents. These agreements provide incentives for individuals to refer potential clients, helping brokers expand their networks and salespersons or agents earn additional income. It is important for both parties to carefully review and understand the terms of the referral agreement before entering into any professional partnership.
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.
