Real Estate Broker Referral Agreement

Real Estate Broker Referral Agreement Generator for United Arab Emirates

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Key Requirements PROMPT example:

"I need a Real Estate Broker Referral Agreement for my Dubai-based brokerage firm to establish a referral network with international brokers, focusing on luxury residential properties with a minimum value of AED 5 million, with the agreement to commence from January 2025."

Document background

The Real Estate Broker Referral Agreement is essential for real estate professionals operating in the United Arab Emirates who wish to establish formal referral relationships with other licensed brokers. This document is particularly relevant in the UAE's dynamic property market, where cross-emirate and international referrals are common. The agreement must comply with UAE federal laws, including Federal Law No. 5 of 1985 (UAE Civil Code), as well as specific emirate-level regulations such as Dubai's Law No. 85 of 2006 and Abu Dhabi's Law No. 3 of 2015. The document covers crucial aspects including commission structures, service standards, broker obligations, and regulatory compliance requirements, making it essential for establishing legitimate referral networks in the UAE real estate market.

Suggested Sections

1. Parties: Identifies the referring broker and receiving broker, including their respective license numbers, registration details with relevant authorities (RERA for Dubai), and contact information

2. Background: Explains the context of the agreement, including that both parties are licensed real estate brokers seeking to establish a referral relationship

3. Definitions: Defines key terms used in the agreement including 'Referral', 'Referral Fee', 'Successful Transaction', 'Client', and 'Property'

4. Scope of Agreement: Outlines the nature of the referral relationship and the territories or property types covered

5. Referral Process: Details the procedure for making and accepting referrals, including communication requirements and timeframes

6. Compensation: Specifies the referral fee structure, calculation method, and payment terms

7. Obligations of the Referring Broker: Lists the responsibilities of the referring broker, including client introduction and information sharing

8. Obligations of the Receiving Broker: Details the responsibilities of the receiving broker, including client service standards and progress reporting

9. Confidentiality: Addresses the handling of confidential information and client data protection

10. Term and Termination: Specifies the duration of the agreement and conditions for termination

11. Governing Law and Jurisdiction: Establishes UAE law as governing law and specifies jurisdiction for dispute resolution

Optional Sections

1. Non-Circumvention: Include when there's a need to prevent direct dealings between parties bypassing the referral arrangement

2. Marketing and Branding: Include when parties wish to establish guidelines for using each other's names and brands in marketing materials

3. Exclusivity: Include when the parties agree to work exclusively with each other in specific territories or for specific property types

4. Force Majeure: Include to address unforeseen circumstances that may affect the performance of the agreement

5. Insurance Requirements: Include when specific professional insurance coverage needs to be maintained by either party

6. Data Protection: Include detailed data protection provisions when handling significant personal data or cross-border transfers

Suggested Schedules

1. Schedule 1 - Referral Fee Structure: Detailed breakdown of referral fee percentages for different types of transactions or property values

2. Schedule 2 - Territorial Scope: Specific details of geographical areas or property types covered by the agreement

3. Schedule 3 - Required Documentation: List of documents required for proper referral processing and commission claims

4. Appendix A - Referral Form Template: Standard form for making referrals, including required client and property information

5. Appendix B - Broker Licenses and Registrations: Copies of current broker licenses and regulatory registrations for both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Property Investment

Property Management

Professional Services

Real Estate Consultancy

Relevant Teams

Real Estate

Sales

Business Development

Legal

Compliance

Operations

International Property

Client Relations

Broker Relations

Property Management

Relevant Roles

Real Estate Broker

Property Consultant

Real Estate Agent

Business Development Manager

Sales Director

Broker Relations Manager

Managing Director

Chief Executive Officer

Real Estate Operations Manager

Compliance Officer

Legal Counsel

Property Sales Manager

International Property Consultant

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Authors

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