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 Harris Texas referral agreement is a legal document that outlines the terms and conditions for the sharing of commission between a real estate broker and a real estate salesperson, agent, or realtor. This agreement is typically used when a real estate agent refers a client to another agent or brokerage, and an agreed-upon commission is to be shared. One type of Harris Texas referral agreement is the Exclusive Referral Agreement. This agreement is used when the referring agent exclusively refers the client to a specific real estate broker or agent. In this case, the referring agent will typically receive a percentage of the commission earned from any resulting transactions. Another type of referral agreement is the Non-Exclusive Referral Agreement. This agreement allows the referring agent to make multiple referrals to different real estate brokers or agents. In this case, the referring agent may negotiate different commission-sharing terms with each broker or agent based on the specific referral. The Harris Texas referral agreement should include specific details such as the names of the parties involved, the effective date of the agreement, the terms of the referral, the commission percentage to be shared, any limitations or exclusions, and the duration of the agreement. It is essential for both parties to understand and agree upon the terms of the referral agreement to avoid any misunderstandings or disputes in the future. The agreement should be in writing and signed by both the referring agent and the receiving broker or agent to ensure enforceability. In conclusion, a Harris Texas referral agreement is a significant tool in the real estate industry for facilitating the sharing of commission between a referring agent and a receiving broker or agent. The agreement can be either exclusive or non-exclusive, depending on the circumstances. By having a well-defined referral agreement in place, all parties involved can ensure fair compensation and maintain a professional working relationship.A Harris Texas referral agreement is a legal document that outlines the terms and conditions for the sharing of commission between a real estate broker and a real estate salesperson, agent, or realtor. This agreement is typically used when a real estate agent refers a client to another agent or brokerage, and an agreed-upon commission is to be shared. One type of Harris Texas referral agreement is the Exclusive Referral Agreement. This agreement is used when the referring agent exclusively refers the client to a specific real estate broker or agent. In this case, the referring agent will typically receive a percentage of the commission earned from any resulting transactions. Another type of referral agreement is the Non-Exclusive Referral Agreement. This agreement allows the referring agent to make multiple referrals to different real estate brokers or agents. In this case, the referring agent may negotiate different commission-sharing terms with each broker or agent based on the specific referral. The Harris Texas referral agreement should include specific details such as the names of the parties involved, the effective date of the agreement, the terms of the referral, the commission percentage to be shared, any limitations or exclusions, and the duration of the agreement. It is essential for both parties to understand and agree upon the terms of the referral agreement to avoid any misunderstandings or disputes in the future. The agreement should be in writing and signed by both the referring agent and the receiving broker or agent to ensure enforceability. In conclusion, a Harris Texas referral agreement is a significant tool in the real estate industry for facilitating the sharing of commission between a referring agent and a receiving broker or agent. The agreement can be either exclusive or non-exclusive, depending on the circumstances. By having a well-defined referral agreement in place, all parties involved can ensure fair compensation and maintain a professional working relationship.
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.
