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Real Estate Referral Form

Real Estate Referral Form Template for India

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Key Requirements PROMPT example:

Real Estate Referral Form

"I need a Real Estate Referral Form for my Mumbai-based agency to establish a referral arrangement with an independent agent in Bangalore, with a standard 25% referral fee structure and quarterly payments."

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Document background
The Real Estate Referral Form is a crucial document used in the Indian real estate sector to establish formal referral relationships between real estate professionals. This document becomes necessary when one real estate agent or broker wishes to refer clients to another agent, typically in exchange for a referral fee. The form must comply with the Real Estate (Regulation and Development) Act (RERA) and other applicable Indian laws, making it essential for maintaining professional standards and legal compliance in the industry. It outlines the terms of referral, compensation structure, confidentiality obligations, and professional responsibilities of both parties, while providing clear documentation for audit and regulatory purposes.
Suggested Sections

1. Parties: Identification of the referring agent/broker and the receiving agent/broker, including their RERA registration numbers and contact details

2. Background: Brief context about the purpose of the referral arrangement and the professional relationship between the parties

3. Definitions: Key terms used in the agreement including 'Referral', 'Referred Client', 'Referral Fee', and 'Successful Transaction'

4. Referral Terms: Details of how referrals will be made, including communication methods and information to be shared

5. Compensation Structure: Clear outline of referral fees, payment terms, and conditions for fee eligibility

6. Confidentiality: Obligations regarding client information and business data protection

7. Term and Termination: Duration of the referral arrangement and conditions for termination

8. Representations and Warranties: Confirmations regarding legal capacity, RERA compliance, and professional credentials

9. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for dispute resolution

Optional Sections

1. Non-Compete Clause: Optional restrictions on competitive activities, used when parties want to prevent direct client solicitation

2. Marketing and Branding: Guidelines for using each other's names and brands, included when parties want to control their brand representation

3. Multiple Office Provisions: Special terms for firms with multiple offices, used when either party has multiple locations

4. International Referrals: Additional terms for cross-border referrals, included when dealing with international clients

5. Digital Communication Protocol: Specific procedures for online referrals and communication, used when primarily operating digitally

6. Force Majeure: Provisions for unforeseen circumstances, included when parties want specific protection against extraordinary events

Suggested Schedules

1. Schedule A - Fee Structure: Detailed breakdown of referral fees for different types of transactions and property values

2. Schedule B - Required Client Information: Template for sharing client details and property requirements

3. Schedule C - Compliance Checklist: List of required documentation and compliance requirements under RERA

4. Appendix 1 - Communication Template: Standard format for making and acknowledging referrals

5. Appendix 2 - RERA Certificates: Copies of both parties' RERA registration certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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 Management

Real Estate Investment

Construction

Property Consulting

Relevant Teams

Legal

Compliance

Real Estate Operations

Business Development

Sales

Property Management

Client Relations

Documentation

Finance

Risk Management

Relevant Roles

Real Estate Agent

Property Broker

Real Estate Consultant

Property Manager

Real Estate Business Development Manager

Branch Manager

Real Estate Sales Director

Property Consultant

Real Estate Relationship Manager

Compliance Officer

Legal Counsel

Real Estate Operations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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