Georgia Broker Referral Agreement

• Category: Real Estate - Referral Agreements
• State: Multi-State
• Control #: US-0196BG
• Format: Word; Rich Text

Description

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. A Georgia Broker Referral Agreement is a legal document that outlines the terms and conditions of a referral arrangement between two real estate brokers or agents in the state of Georgia. This agreement is used when one broker refers a potential client to another broker and expects to receive a referral fee or commission in return. The Georgia Broker Referral Agreement typically contains important information such as the names and contact details of both the referring and receiving brokers, details about the referred client, the referral fee or commission amount, the time frame in which the referral fee is to be paid, and other terms and conditions agreed upon by both parties. There are different types of Georgia Broker Referral Agreements depending on the specific circumstances and preferences of the brokers involved. Some common types include: 1. Residential Broker Referral Agreement: This type of agreement is used when referring a residential real estate client from one broker to another. It may specify details regarding the property type, location, price range, and any other relevant criteria for the referral. 2. Commercial Broker Referral Agreement: This agreement is used for referring commercial real estate clients. It may outline specific requirements such as property size, zoning, desired location, budget, and any other relevant factors. 3. Exclusive Broker Referral Agreement: In some cases, brokers may enter into an exclusive referral agreement, which means that the referring broker has exclusive rights to refer clients to the receiving broker for a certain period of time or within a specific geographic area. 4. Non-Exclusive Broker Referral Agreement: This type of agreement allows the referring broker to refer clients to multiple receiving brokers simultaneously or over a specified period without any exclusivity. In all cases, it is important for brokers to clearly define the terms and conditions of the referral agreement, including the referral fee or commission percentage, payment timelines, and any additional responsibilities or obligations of each party. Adhering to the Georgia Real Estate Commission guidelines and ensuring that the agreement complies with state laws is crucial to maintain a lawful and professional referral relationship.

A Georgia Broker Referral Agreement is a legal document that outlines the terms and conditions of a referral arrangement between two real estate brokers or agents in the state of Georgia. This agreement is used when one broker refers a potential client to another broker and expects to receive a referral fee or commission in return. The Georgia Broker Referral Agreement typically contains important information such as the names and contact details of both the referring and receiving brokers, details about the referred client, the referral fee or commission amount, the time frame in which the referral fee is to be paid, and other terms and conditions agreed upon by both parties. There are different types of Georgia Broker Referral Agreements depending on the specific circumstances and preferences of the brokers involved. Some common types include: 1. Residential Broker Referral Agreement: This type of agreement is used when referring a residential real estate client from one broker to another. It may specify details regarding the property type, location, price range, and any other relevant criteria for the referral. 2. Commercial Broker Referral Agreement: This agreement is used for referring commercial real estate clients. It may outline specific requirements such as property size, zoning, desired location, budget, and any other relevant factors. 3. Exclusive Broker Referral Agreement: In some cases, brokers may enter into an exclusive referral agreement, which means that the referring broker has exclusive rights to refer clients to the receiving broker for a certain period of time or within a specific geographic area. 4. Non-Exclusive Broker Referral Agreement: This type of agreement allows the referring broker to refer clients to multiple receiving brokers simultaneously or over a specified period without any exclusivity. In all cases, it is important for brokers to clearly define the terms and conditions of the referral agreement, including the referral fee or commission percentage, payment timelines, and any additional responsibilities or obligations of each party. Adhering to the Georgia Real Estate Commission guidelines and ensuring that the agreement complies with state laws is crucial to maintain a lawful and professional referral relationship.