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 is a legally binding agreement between a real estate broker and a real estate salesperson, agent, or realtor in Phoenix, Arizona. It outlines the terms and conditions under which commission will be shared between the parties involved when a referral leads to a successful real estate transaction. The referral agreement is crucial as it ensures transparency, fairness, and protection of the rights and interests of all parties involved. In Phoenix, Arizona, there may be different types of referral agreements for sharing commissions between real estate brokers and salespersons, agents, or realtors. These agreements may vary depending on the specific circumstances, the nature of the referral, and the agreed-upon commission split. Here are some specific types of referral agreements that could occur in Phoenix, Arizona: 1. Buyer Referral Agreement: This type of referral agreement comes into play when a real estate agent or realtor refers a potential buyer to another real estate professional or broker in Phoenix. The agreement outlines the referral fee or commission percentage that the referring agent will receive when the referred buyer successfully completes a property purchase. 2. Seller Referral Agreement: In some cases, a real estate salesperson or realtor may refer a property seller to another real estate professional or broker in Phoenix. The referral agreement specifies the commission split between the referring salesperson and the receiving broker when the referred seller successfully sells their property. 3. Agent-to-Agent Referral Agreement: This type of referral agreement occurs when a real estate agent or realtor in Phoenix refers a client to another agent or realtor, either within the same brokerage or a different brokerage. The agreement clearly defines the commission percentage or referral fee that the referring agent will receive for providing the referral. These are just a few examples of the types of referral agreements that can exist between real estate brokers and salespersons, agents, or realtors in Phoenix, Arizona. It's essential for all parties involved to carefully review and understand the terms of the referral agreement to ensure a fair distribution of commissions based on the successful outcome of the referral.A referral agreement is a legally binding agreement between a real estate broker and a real estate salesperson, agent, or realtor in Phoenix, Arizona. It outlines the terms and conditions under which commission will be shared between the parties involved when a referral leads to a successful real estate transaction. The referral agreement is crucial as it ensures transparency, fairness, and protection of the rights and interests of all parties involved. In Phoenix, Arizona, there may be different types of referral agreements for sharing commissions between real estate brokers and salespersons, agents, or realtors. These agreements may vary depending on the specific circumstances, the nature of the referral, and the agreed-upon commission split. Here are some specific types of referral agreements that could occur in Phoenix, Arizona: 1. Buyer Referral Agreement: This type of referral agreement comes into play when a real estate agent or realtor refers a potential buyer to another real estate professional or broker in Phoenix. The agreement outlines the referral fee or commission percentage that the referring agent will receive when the referred buyer successfully completes a property purchase. 2. Seller Referral Agreement: In some cases, a real estate salesperson or realtor may refer a property seller to another real estate professional or broker in Phoenix. The referral agreement specifies the commission split between the referring salesperson and the receiving broker when the referred seller successfully sells their property. 3. Agent-to-Agent Referral Agreement: This type of referral agreement occurs when a real estate agent or realtor in Phoenix refers a client to another agent or realtor, either within the same brokerage or a different brokerage. The agreement clearly defines the commission percentage or referral fee that the referring agent will receive for providing the referral. These are just a few examples of the types of referral agreements that can exist between real estate brokers and salespersons, agents, or realtors in Phoenix, Arizona. It's essential for all parties involved to carefully review and understand the terms of the referral agreement to ensure a fair distribution of commissions based on the successful outcome of the referral.
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.
