Real Estate Referral Fee Agreement Template for Philippines

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Key Requirements PROMPT example:

Real Estate Referral Fee Agreement

"I need a Real Estate Referral Fee Agreement for my Manila-based brokerage firm to establish a referral network with multiple property developers, with a tiered commission structure starting from January 2025 and including specific provisions for luxury properties valued over PHP 50 million."

Document background
The Real Estate Referral Fee Agreement is essential for formalizing referral arrangements in the Philippine real estate market. This document is typically used when licensed real estate professionals or firms wish to establish a structured arrangement for referring clients or properties to one another in exchange for agreed-upon fees. It ensures compliance with the Real Estate Service Act of the Philippines (RESA), Professional Regulatory Board of Real Estate Service (PRBRES) regulations, and other relevant Philippine laws. The agreement covers crucial aspects such as referral processes, fee calculations, payment terms, professional obligations, and compliance requirements. It's particularly important in the Philippine context where real estate transactions must adhere to strict regulatory requirements and professional standards.
Suggested Sections

1. Parties: Identifies the referring party, receiving party, and their respective business details and licenses under Philippine real estate laws

2. Background: Explains the context of the agreement and the parties' intentions to enter into a referral arrangement

3. Definitions: Defines key terms used in the agreement, including 'Referral', 'Referral Fee', 'Successful Transaction', and other relevant terms

4. Scope of Referral Arrangement: Details the nature of referrals to be made and the specific real estate services covered

5. Referral Process: Outlines the procedure for making and accepting referrals, including notification requirements

6. Fees and Payment Terms: Specifies the referral fee structure, calculation method, payment timing, and tax considerations

7. Representations and Warranties: Confirms parties' qualifications, licenses, and authority to enter into the agreement

8. Confidentiality: Addresses the handling of confidential information and client data

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

10. Compliance with Laws: Ensures adherence to Philippine real estate laws, including RESA and anti-money laundering regulations

11. General Provisions: Includes standard clauses such as notices, amendments, governing law, and dispute resolution

Optional Sections

1. Exclusivity: Used when parties want to establish an exclusive referral arrangement for specific properties or areas

2. Marketing and Promotion: Include when parties agree to specific marketing arrangements or cross-promotion activities

3. Training and Support: Added when one party will provide training or support services to the other

4. Insurance Requirements: Include when specific insurance coverage is required for the referral arrangement

5. Data Protection: Required when parties need to address specific data privacy concerns or compliance requirements

6. Non-Compete Provisions: Used when parties want to restrict competition within specific parameters

7. Force Majeure: Include when parties want to address extraordinary circumstances affecting the agreement

Suggested Schedules

1. Schedule A - Fee Structure: Detailed breakdown of referral fee percentages and calculation methods

2. Schedule B - Territory Definition: Defines geographical areas or property types covered by the agreement

3. Schedule C - Required Documentation: Lists documents required for processing referrals and payments

4. Schedule D - Contact Information: Lists key contacts and their roles for both parties

5. Appendix 1 - Referral Form Template: Standard form for submitting referrals

6. Appendix 2 - Compliance Checklist: Checklist ensuring compliance with Philippine real estate regulations

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

Real Estate

Property Development

Property Management

Construction

Commercial Property

Residential Property

Real Estate Investment

Property Consulting

Urban Development

Real Estate Technology

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Operations

Contract Administration

Property Management

Investment Advisory

Business Affairs

Relevant Roles

Real Estate Broker

Property Manager

Real Estate Agent

Business Development Manager

Sales Director

Real Estate Consultant

Legal Counsel

Compliance Officer

Real Estate Development Manager

Property Consultant

Real Estate Investment Advisor

Operations Manager

Contract Administrator

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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