If you no longer have the time to manage properties, but you have several clients who regularly contact you for management services, then you can actually make money as an agent’s agent. In other words, you need to refer these clients to an agent that you trust. In return, you can charge a certain finder’s fee to that agent. However, for this, you would need to prepare a real estate agent agreement.
Start MS Word on your computer and create a new document. On the top write the title ‘Referral Agreement’. Align it to the center. Then save the file. Give a name that you can use to find the document later. You can use the referred company name and the date of the agreement in the naming scheme.
Start with writing the details of the referring company. So if you are the one providing another company with client details, then you need to fill this section with your details. Write the name of the company, the address and the contact details which should include both the contact number as well as the email address.
Then you need to put in the details of the company to whom you are referring the client. Just like last time write down the name of the company, its address, its phone number, and email address. If it is available you can include the fax as well for both cases. Also, there might be a certain unique identification number for your business that you might want to include in both cases. In a separate section, mention the referral fee in percentage as well as the exact amount if applicable.
After that write down the details of the buyer. This is the client that you are referring to the agent. The reference might be for the purchase of a property or the management of one. If the case is the latter, you might have to include details of that property as well. So, write down the name of the client, his current residential address and other contact information.
Finally, you need to write about the other terms that you might want to include in addition to the ones already applicable in such contracts. After that, you can write a statement saying that the people signing below has read the document and have confirmed the information to be true. Also, they agree to pay the amount that has been mentioned. Right below that leave spaces for the parties to sign.
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You might no longer be able to continue working in your real estate agency. However, that does not mean you need to stop earning altogether. You can use your trust and experience to pivot your business. All you would have to do is find agents that you trust and refer your clients to them. This agent commission agreement can help you in that. So download it now.
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A basic real estate referral agreement might not seem too difficult to prepare once you get the hang of it. But it sure is time-consuming and there are a lot of steps involved. Humans are prone to making errors and in order to minimize that we should use something as a reference. This sample agent agreement can be useful for that. You can also use it as it is by making small changes to it.
If you were thinking of pivoting and start a B2B business with other reputed agents in the real estate business, you can start referring clients to them in exchange for a certain finder’s fee. For that, you will need a referral agreement. Don’t worry, you don’t need to prepare one from scratch. We have something that can help you get it done within a few minutes. All you are required to do is download it and make some changes to it.
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Throughout the years that you have spent as a real estate agent, you have collected numerous contacts who still call you with lucrative business proposals. If you want to spend more time with your family, you might want to switch to just referring these contacts to agents you trust. You can then charge them a finder’s fee. If you need help in creating a contract for that purpose, this template should prove to be quite useful.
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