Broker Referral Fee Agreement Template for Philippines

1. Parties: Identifies the contracting parties - the referring broker/agent and the receiving broker/agent, including their license numbers and contact details

2. Background: Explains the context of the agreement, including the parties' qualifications and their intention to establish a referral relationship

3. Definitions: Defines key terms used throughout the agreement, including 'Referral', 'Referral Fee', 'Qualified Lead', and 'Successful Transaction'

4. Scope of Services: Details the nature of referrals to be made and the services covered under the agreement

5. Referral Process: Outlines the specific procedures for making and accepting referrals

6. Referral Fee Structure: Specifies the fee calculation method, percentages, and payment terms

7. Payment Terms: Details the timing, method, and conditions for payment of referral fees

8. Representations and Warranties: States the parties' qualifications, licenses, and compliance with applicable laws

9. Confidentiality: Governs the handling of confidential information shared between parties

10. Term and Termination: Specifies the duration of the agreement and conditions for termination

11. Governing Law: Establishes Philippine law as governing law and outlines dispute resolution procedures

12. General Provisions: Includes standard clauses such as amendments, notices, and severability

1. Schedule A - Fee Structure: Detailed breakdown of referral fee percentages for different types of transactions or property values

2. Schedule B - Referral Process Workflow: Step-by-step process flow for handling referrals, including timeframes and documentation requirements

3. Schedule C - Required Documentation: List of documents required for processing referrals and fee payments

4. Appendix 1 - Referral Form Template: Standard form for submitting referral information

5. Appendix 2 - Professional Credentials: Copies of relevant licenses and certifications

6. Appendix 3 - Territory Map: If applicable, map defining geographical territories for referrals