The Real Estate Agent Referral Form is a crucial document in the Nigerian real estate industry that facilitates professional collaboration between licensed agents and agencies. This document is typically used when one agent refers a client to another agent who may be better positioned to serve the client's needs, whether due to geographical location, specialization, or resource availability. The form ensures compliance with Nigerian real estate regulations, including the Estate Surveyors and Valuers (Registration, etc.) Act and the Estate Agents and Property Developers Registration Act. It outlines the terms of the referral relationship, specifies commission-sharing arrangements, and protects all parties' interests while maintaining professional standards in the industry.
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1. Parties: Identification of the referring agent and receiving agent, including license numbers and contact information
2. Background: Brief context explaining the purpose of the referral arrangement
3. Definitions: Key terms used in the agreement including 'Referral Fee', 'Client', 'Transaction', and 'Closing'
4. Client Information: Details of the referred client(s), including contact information and specific requirements
5. Referral Terms: Specific details of the referral arrangement, including duration and scope of services
6. Compensation: Terms of the referral fee, including percentage or fixed amount, payment timing, and conditions
7. Confidentiality: Obligations regarding client information and business confidentiality
8. Duration: Period for which the referral arrangement is valid
9. Signatures: Execution block for both agents to sign and date the agreement
1. Multiple Property Clause: Additional terms for cases where the client may be interested in multiple properties
2. International Transactions: Special provisions for international clients or cross-border transactions
3. Dispute Resolution: Specific procedures for handling disagreements between agents
4. Non-Circumvention: Provisions preventing direct engagement between receiving agent and future referrals from referring agent
5. Marketing Authorization: Terms regarding how the receiving agent may market to or communicate with the referred client
1. Schedule A - Client Requirements: Detailed list of client's property requirements and preferences
2. Schedule B - Fee Structure: Detailed breakdown of referral fee calculations and payment terms
3. Schedule C - Agent Credentials: Copies of both agents' licenses and professional certifications
4. Appendix 1 - Service Area Map: Geographical area covered by the receiving agent's services
5. Appendix 2 - Required Documents: Checklist of documents needed from the client for the transaction
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