Phoenix Arizona Broker Referral Agreement

• Category: Real Estate - Referral Agreements
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Broker Referral Agreement is a legally binding contract between a real estate broker and another entity or individual who refers potential clients or customers to the broker for real estate services. This agreement outlines the terms and conditions of the referral relationship, including the rights and responsibilities of both parties involved. Keywords: Phoenix Arizona, broker, referral, agreement, real estate, clients, customers, terms, conditions, rights, responsibilities, relationship. There may be different types of Broker Referral Agreements in Phoenix, Arizona, depending on the specific situation and parties involved. Some common variations or subtypes of such agreements can include: 1. Residential Referral Agreement: This type of agreement pertains to the referral of residential real estate clients or customers by the referring entity or individual to the broker. 2. Commercial Referral Agreement: In this case, the referral agreement focuses on the referral of commercial real estate clients, such as those seeking office spaces, industrial properties, or retail spaces. 3. Rental Referral Agreement: This agreement is specific to referrals made for rental properties, where the broker assists in finding tenants for rental units. 4. Cross-Referral Agreement: This type of agreement is often entered into by two brokers or real estate firms, where they agree to refer clients or customers to each other in a reciprocal manner. 5. Exclusive Referral Agreement: This agreement grants exclusive referral rights to the referring entity/individual, meaning that only they are authorized to refer clients to the broker for a specific type of real estate service. 6. Non-Exclusive Referral Agreement: In contrast, this agreement allows the referring entity/individual to refer clients to multiple brokers simultaneously, without any exclusivity. 7. Commission-based Referral Agreement: This type of agreement specifies the commission or referral fee that the broker will pay to the referring entity or individual for each successful referral that results in a closed transaction. 8. Flat Fee Referral Agreement: Instead of a commission-based model, this agreement sets a predetermined flat fee that the referring entity or individual will receive for each referral, regardless of the transaction value. It is important for all parties involved in a Phoenix Arizona Broker Referral Agreement to carefully review and understand the terms and conditions before signing. Seeking legal advice from a real estate attorney is recommended to ensure compliance with local laws and regulations.

A Phoenix Arizona Broker Referral Agreement is a legally binding contract between a real estate broker and another entity or individual who refers potential clients or customers to the broker for real estate services. This agreement outlines the terms and conditions of the referral relationship, including the rights and responsibilities of both parties involved. Keywords: Phoenix Arizona, broker, referral, agreement, real estate, clients, customers, terms, conditions, rights, responsibilities, relationship. There may be different types of Broker Referral Agreements in Phoenix, Arizona, depending on the specific situation and parties involved. Some common variations or subtypes of such agreements can include: 1. Residential Referral Agreement: This type of agreement pertains to the referral of residential real estate clients or customers by the referring entity or individual to the broker. 2. Commercial Referral Agreement: In this case, the referral agreement focuses on the referral of commercial real estate clients, such as those seeking office spaces, industrial properties, or retail spaces. 3. Rental Referral Agreement: This agreement is specific to referrals made for rental properties, where the broker assists in finding tenants for rental units. 4. Cross-Referral Agreement: This type of agreement is often entered into by two brokers or real estate firms, where they agree to refer clients or customers to each other in a reciprocal manner. 5. Exclusive Referral Agreement: This agreement grants exclusive referral rights to the referring entity/individual, meaning that only they are authorized to refer clients to the broker for a specific type of real estate service. 6. Non-Exclusive Referral Agreement: In contrast, this agreement allows the referring entity/individual to refer clients to multiple brokers simultaneously, without any exclusivity. 7. Commission-based Referral Agreement: This type of agreement specifies the commission or referral fee that the broker will pay to the referring entity or individual for each successful referral that results in a closed transaction. 8. Flat Fee Referral Agreement: Instead of a commission-based model, this agreement sets a predetermined flat fee that the referring entity or individual will receive for each referral, regardless of the transaction value. It is important for all parties involved in a Phoenix Arizona Broker Referral Agreement to carefully review and understand the terms and conditions before signing. Seeking legal advice from a real estate attorney is recommended to ensure compliance with local laws and regulations.