Fill and Sign the Referral Agreement Broker Form

Referral Agreement (Sharing of Commission) Between Real Estate Broker and Real Estate Salesperson Agreement made on the ____________________________ (date) , between ____________________________________ (Name of Broker) , of ______________________ ____________________________________________________________________________ (street address, city, county, state, zip code) , hereinafter called Broker , and ____________________________________ (Name of Sales Representative) of __________ ____________________________________________________________________________ (street address, city, county, state, zip code) , hereinafter called Sales Representative . For and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: In consideration of the mutual benefits and obligations set forth in this Agreement, the parties agree as follows: A. Broker agrees to pay Sales Representative _________ % of commissions paid to Broker for sales to purchasers first brought to Broker's office by Sales Representative . B. Sales Representative agrees to introduce to Broker all persons interested in purchasing property that Sales Representative discovers, to have no dealings whatsoever with any other real estate broker during the term of this agreement, and to accept the compensation established above as full compensation for his/her services. C . This Agreement is made for an indefinite term, subject to termination on _______ (number) days' written notice by either party sent to the respective address indicated at the beginning of this Agreement. D. No Waiver The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. E. Governing Law This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of __________________. F. Notices Any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement. G . Mandatory Arbitration Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. H. Entire Agreement This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. I. Modification of Agreement Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party. J. Assignment of Rights The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party. WITNESS our signatures as of the day and date first above stated. ____________________________ _____________________________ BROKER SALES REPRESENTATIVE