Cloudrocket referral agreement template

Other Names: Real Estate Referral Fee Agreement Business Referral Agreement

What is a Referral Fee Agreement?

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.

When to use a Referral Fee Agreement:

• You have knowledge and contacts in a certain field and want to introduce a buyer and a seller of a good or service, or an employer and potential employees, to each other for a fee.
• You have a good or service but while running your business cannot reach out to find clients or customers yourself so would like to pay a broker to connect you with clients or customers.
• You want to purchase a certain good or service but do not know where to look or who to speak with, so want to pay a broker to find you that good or service.
• Note: The Referral Fee Agreement should not be confused with the Finder's Fee Agreement, which allows business owners to contract with another party to find potential clients and investors for their business for a fee.

Sample Referral Fee Agreement

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