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HOW IT WORKS
How it works
You might be someone who brings in a lot of business or clients for others. Use a Referral Fee Agreement to get paid for referring potential clients, or to compensate someone else for sending a client your way. Create a Referral Fee Agreement to set the conditions and how much to pay for the introduction of new business.
If you're a finder - a broker - who successfully makes introductions, refers clients, or seals a lot of deals, you can use a Referral Fee Agreement to set terms and conditions for all parties to on. A Referral Fee Agreement is used when people have knowledge and contacts in a certain field and want to be paid for making successful introductions to others. Most often, a broker will introduce a buyer and seller of goods or services, real estate buyer and seller, or employer and potential employee. The Referral Fee Agreement says which party pays the broker for the introduction and under what conditions. Businesses may use this Agreement if they want to pay a Broker bring in new clients or customers. The business may also need a broker to find certain goods or services it can't find on its own.
Other names for this document: Real Estate Referral Fee Agreement, Business Referral Agreement
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