Disclaimer
The information provided is intended solely as a general example for understanding the terms and conditions related to referral arrangements in the context of real estate transactions. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
Please note: This is a sample Referral Agreement template for California, provided for illustrative purposes. Actual terms may vary based on specific arrangements and applicable laws.
Referral Agreement CA Sample
Parties Involved:
Referring Party: ABC Referral Services
Address: 123 Main Street, Los Angeles, CA 90001
Recipient Party: XYZ Real Estate LLC
Address: 456 Market Street, Los Angeles, CA 90012
Referral Details:
The Referring Party agrees to refer potential clients to the Recipient Party for real estate transactions within California under the terms of this agreement.
Compensation Terms:
The Recipient Party shall pay the Referring Party a referral fee amounting to 25% of the gross commission received from the referred transaction, payable within 30 days after the completion of the transaction.
Parties’ Responsibilities:
The Referring Party shall provide accurate contact information and maintain confidentiality. The Recipient Party shall perform all services diligently and shall notify the Referring Party of any referred clients.
Governing Law:
This agreement shall be governed by the laws of the State of California. Disputes shall be resolved in the courts of Los Angeles County.
Additional Provisions:
- Both parties agree to maintain confidentiality regarding referral details.
- This agreement may only be amended in writing signed by both parties.
- No referral fee shall be payable if the referred client does not complete a transaction within 12 months of referral.
Los Angeles, ______________________
John Doe (Referring Party)
Jane Smith (Recipient Party)
