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Real Estate Agent Referral Agreement
"I need a Real Estate Agent Referral Agreement for my Lahore-based agency to establish a referral network with agents in Karachi and Islamabad, with a 25% referral fee structure and quarterly payment terms."
1. Parties: Identification of the referring agent and receiving agent, including license numbers and contact details
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Key terms used throughout the agreement including 'Referral', 'Qualified Lead', 'Commission', etc.
4. Scope of Referral Arrangement: Details of the referral services and territorial coverage
5. Referral Process: Step-by-step process for making and accepting referrals
6. Commission Structure: Detailed breakdown of referral fees and payment terms
7. Payment Terms: Timeline and method of commission payments
8. Representations and Warranties: Parties' confirmations regarding licenses, qualifications, and authority
9. Confidentiality: Protection of confidential information and client data
10. Term and Termination: Duration of agreement and termination provisions
11. Governing Law: Specification of Pakistani law as governing law and jurisdiction
12. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Exclusivity: Used when parties agree to work exclusively in specified territories or with specific client types
2. Marketing and Promotion: Include when parties agree to specific marketing arrangements or cross-promotion
3. Training Requirements: Required when specific training or orientation is needed for handling referrals
4. Dispute Resolution: Alternative dispute resolution mechanisms like mediation or arbitration
5. Insurance Requirements: Specific insurance coverage requirements for either party
6. Data Protection: Detailed provisions for handling personal data when dealing with international clients
7. Force Majeure: Protection against unforeseen circumstances preventing performance
1. Schedule A - Commission Structure: Detailed breakdown of commission percentages for different types of properties or transactions
2. Schedule B - Referral Territory: Map or description of geographical areas covered by the agreement
3. Schedule C - Referral Form Template: Standard form for submitting referral information
4. Schedule D - Required Documentation: List of documents required for processing referrals
5. Appendix 1 - Agent Licenses: Copies of current real estate licenses for both parties
6. Appendix 2 - Contact Information: Detailed contact information and escalation matrix for both parties
Authors
Real Estate
Property Development
Construction
Financial Services
Property Management
Real Estate Investment
Commercial Property
Residential Property
Legal
Real Estate Operations
Sales
Business Development
Compliance
Finance
Property Management
Partner Relations
Contract Administration
Real Estate Agent
Property Broker
Real Estate Sales Manager
Business Development Manager
Real Estate Consultant
Property Advisor
Real Estate Agency Owner
Broker-in-Charge
Real Estate Operations Manager
Property Sales Director
Real Estate Compliance Officer
Real Estate Partnership Manager
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