Broker To Broker Referral Form Template for Philippines

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Key Requirements PROMPT example:

Broker To Broker Referral Form

"I need a Broker to Broker Referral Form for a one-time referral of a high-net-worth client interested in luxury residential properties in Metro Manila, with a 30% referral fee arrangement and a referral validity period until March 2025."

Document background
The Broker to Broker Referral Form is a crucial document in Philippine real estate practice, designed to formalize referral arrangements between licensed real estate professionals. This document is essential when one broker wishes to refer a client to another broker who may be better positioned to serve the client's needs, whether due to geographic location, property specialization, or expertise. The form must comply with the Real Estate Service Act (RESA) of 2009 and related PRC regulations, which govern professional real estate practice in the Philippines. It typically includes detailed information about the referral arrangement, commission splitting, broker responsibilities, and client details. The document serves to protect all parties involved and ensures transparency in professional referral relationships while maintaining compliance with Philippine real estate laws and regulations.
Suggested Sections

1. Parties: Identification of the referring broker and receiving broker, including their respective license numbers and contact information

2. Background: Brief context explaining the purpose of the referral arrangement and the professional relationship between the brokers

3. Definitions: Key terms used in the agreement, including 'Referral', 'Client', 'Commission', and 'Successful Transaction'

4. Referral Details: Specific information about the referred client and the nature of their real estate needs

5. Compensation Terms: Clear statement of the referral fee or commission split arrangement, including payment timing and conditions

6. Broker Responsibilities: Outline of each broker's duties and obligations in handling the referral

7. Term and Termination: Duration of the referral arrangement and conditions for termination

8. Confidentiality: Provisions regarding the confidential treatment of client information and business details

9. Governing Law: Specification that the agreement is governed by Philippine law and reference to relevant regulations

10. Execution: Signature blocks for both brokers with dates and professional license details

Optional Sections

1. Non-Solicitation: Optional clause preventing either broker from directly soliciting the other's clients, used when there's a concern about client poaching

2. Dispute Resolution: Optional section specifying mediation or arbitration procedures, recommended for higher-value referral arrangements

3. Multiple Referral Terms: Optional section for ongoing referral relationships rather than single-transaction arrangements

4. Marketing Guidelines: Optional section specifying how the receiving broker may market to or communicate with the referred client, used when specific restrictions are needed

5. Force Majeure: Optional clause addressing unforeseen circumstances that may affect the referral arrangement, recommended for longer-term arrangements

Suggested Schedules

1. Schedule A - Client Information: Detailed information about the referred client, including contact details and specific real estate requirements

2. Schedule B - Commission Structure: Detailed breakdown of the commission split or referral fee calculation method

3. Schedule C - Required Documentation: List of documents required from both brokers to formalize the referral arrangement, including licenses and certifications

4. Appendix 1 - Proof of Client Consent: Written confirmation that the client has agreed to the referral arrangement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Residential Real Estate

Commercial Real Estate

Industrial Real Estate

Luxury Real Estate

Retail Real Estate

Office Real Estate

Land Development

Property Management

Real Estate Investment

Relevant Teams

Real Estate Operations

Sales

Legal

Compliance

Administrative Support

Business Development

Transaction Management

Document Processing

Client Relations

Property Management

Relevant Roles

Real Estate Broker

Licensed Real Estate Agent

Real Estate Sales Manager

Brokerage Owner

Real Estate Compliance Officer

Real Estate Operations Manager

Transaction Coordinator

Business Development Manager

Real Estate Division Head

Property Consultant

Real Estate Administrative Assistant

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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