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.
Description: A referral agreement is a legal contract that governs the sharing of commission between a real estate broker and a real estate salesperson or agent or realtor in the state of New Hampshire. This agreement outlines the terms and conditions under which a referral fee is paid by the broker to the salesperson for referring potential clients who result in a successful real estate transaction. In New Hampshire, there are different types of referral agreements that can be entered into between the broker and the salesperson or agent or realtor. These agreements may vary based on various factors, including the specific arrangement between the parties, the nature of the referral, and the terms negotiated by both parties involved. Commonly used keywords in a New Hampshire referral agreement for sharing commission between the real estate broker and salesperson/agent/realtor may include: 1. Referral Fee: A predetermined percentage or flat fee paid by the broker to the salesperson for referring a client or lead that culminates in a successful real estate transaction. 2. Commission Split: The division of the total commission earned from a real estate transaction between the broker and the referring salesperson/agent/realtor. This split can be based on a percentage or a fixed amount as specified in the agreement. 3. Referral Arrangement: The agreed-upon contractual relationship between the broker and the salesperson/agent/realtor regarding the referral of potential clients. This may include the scope of referrals, duration of the agreement, and any exclusivity clauses. 4. Referral Source: The person or entity that is being referred to the broker by the salesperson/agent/realtor. This could be a buyer, seller, landlord, or tenant interested in a real estate transaction. 5. Licensed Real Estate Professional: Referring to both the real estate broker and the salesperson/agent/realtor, who must be duly licensed and authorized to conduct real estate transactions in the state of New Hampshire. 6. Listing Agreement: The contract between a property owner/seller and the broker, outlining the terms and conditions for marketing and selling the property. The referral agreement may include provisions regarding the payment of referral fees for leads generated from listings. 7. Purchase Agreement: The contract entered into between a buyer and a seller, detailing the terms and conditions for the purchase of a property. The referral agreement may include provisions for referral fees based on successful property sales. In summary, a New Hampshire referral agreement for sharing commission between a real estate broker and a salesperson/agent/realtor specifies the terms of referral fees, commission splits, and the overall referral arrangement. Its purpose is to establish a fair and mutually beneficial relationship between the parties involved while complying with state real estate regulations.Description: A referral agreement is a legal contract that governs the sharing of commission between a real estate broker and a real estate salesperson or agent or realtor in the state of New Hampshire. This agreement outlines the terms and conditions under which a referral fee is paid by the broker to the salesperson for referring potential clients who result in a successful real estate transaction. In New Hampshire, there are different types of referral agreements that can be entered into between the broker and the salesperson or agent or realtor. These agreements may vary based on various factors, including the specific arrangement between the parties, the nature of the referral, and the terms negotiated by both parties involved. Commonly used keywords in a New Hampshire referral agreement for sharing commission between the real estate broker and salesperson/agent/realtor may include: 1. Referral Fee: A predetermined percentage or flat fee paid by the broker to the salesperson for referring a client or lead that culminates in a successful real estate transaction. 2. Commission Split: The division of the total commission earned from a real estate transaction between the broker and the referring salesperson/agent/realtor. This split can be based on a percentage or a fixed amount as specified in the agreement. 3. Referral Arrangement: The agreed-upon contractual relationship between the broker and the salesperson/agent/realtor regarding the referral of potential clients. This may include the scope of referrals, duration of the agreement, and any exclusivity clauses. 4. Referral Source: The person or entity that is being referred to the broker by the salesperson/agent/realtor. This could be a buyer, seller, landlord, or tenant interested in a real estate transaction. 5. Licensed Real Estate Professional: Referring to both the real estate broker and the salesperson/agent/realtor, who must be duly licensed and authorized to conduct real estate transactions in the state of New Hampshire. 6. Listing Agreement: The contract between a property owner/seller and the broker, outlining the terms and conditions for marketing and selling the property. The referral agreement may include provisions regarding the payment of referral fees for leads generated from listings. 7. Purchase Agreement: The contract entered into between a buyer and a seller, detailing the terms and conditions for the purchase of a property. The referral agreement may include provisions for referral fees based on successful property sales. In summary, a New Hampshire referral agreement for sharing commission between a real estate broker and a salesperson/agent/realtor specifies the terms of referral fees, commission splits, and the overall referral arrangement. Its purpose is to establish a fair and mutually beneficial relationship between the parties involved while complying with state real estate regulations.
