AI Referral Fee Agreement

1. Definitions and Parties

"Referring Broker" means the real estate broker or brokerage identified below that makes the introduction.

"Receiving Broker" means the real estate broker or brokerage identified below that accepts the introduction and handles the Transaction.

"Client" means the individual(s) or entity introduced by the Referring Broker to the Receiving Broker.

"Transaction" means the purchase, sale, lease, or other real estate transaction involving the Client and a property introduced or facilitated under this Agreement.

"Referral Fee" means the fee payable under this Agreement.

2. Identification of Referring Broker

Referring Broker / Agent Name: [[Referring Broker or Agent Full Name]]

Brokerage Name: [[Referring Brokerage Name]]

License Number: [[Referring Broker License Number]]

State of Licensure: [[Referring Broker License State]]

Business Address: [[Referring Broker Business Address]]

Phone: [[Referring Broker Phone]]

Email: [[Referring Broker Email]]

NAR Member ID (if applicable): [[Referring Broker NAR ID]]

3. Identification of Receiving Broker

Receiving Broker / Agent Name: [[Receiving Broker or Agent Full Name]]

Brokerage Name: [[Receiving Brokerage Name]]

License Number: [[Receiving Broker License Number]]

State of Licensure: [[Receiving Broker License State]]

Business Address: [[Receiving Broker Business Address]]

Phone: [[Receiving Broker Phone]]

Email: [[Receiving Broker Email]]

NAR Member ID (if applicable): [[Receiving Broker NAR ID]]

4. Identification of Referred Client and Transaction Scope

Client Full Name(s): [[Client Full Legal Name(s)]]

Client Address for Notice: [[Client Notice Address]]

Property Address (if known at time of referral): [[Property Street Address, City, State, ZIP]]

Transaction Type: [[Purchase / Sale / Lease / Exchange / Other]]

Approximate Transaction Value: [[Approximate Value or Price Range]]

Description of Scope: The introduction relates solely to the Client's interest in real estate in the geographic area or property type described as: [[Geographic Area or Property Type Description]].

The Referring Broker's involvement is strictly limited to making the introduction of the Client to the Receiving Broker. The Referring Broker has not and will not provide any advice, showings, negotiations, contract preparation, or other brokerage services with respect to the Transaction.

5. Referral Fee Percentage and Calculation

The Referral Fee shall be [[Referral Fee Percentage]] percent ( [[Referral Fee Percentage]] % ) of the total commission or compensation earned and received by the Receiving Broker from the Transaction.

Example Calculation Basis (for illustration only; actual uses tokens):

The fee is computed on the gross commission received by the Receiving Broker before any splits with agents or other deductions, unless the parties agree in writing to a different base.

If the Transaction does not close or the Receiving Broker does not receive compensation, no Referral Fee is due.

6. Payment Trigger and Timing

The Referral Fee is earned and payable only upon the occurrence of one of the following (check applicable):

☐ Successful closing of the Transaction and receipt of compensation by the Receiving Broker.

☐ Execution of a binding purchase contract, lease, or other agreement between the Client and a third party introduced through this referral, and receipt of any initial compensation or deposit by the Receiving Broker.

The Receiving Broker shall pay the Referral Fee within [[Payment Period, e.g., ten (10) business]] days after the later of: (a) closing or contract execution, or (b) the Receiving Broker's actual receipt of the commission or other compensation.

Payment shall be made by [[Payment Method, e.g., wire transfer, check]] to the Referring Broker at the address or account designated in writing.

7. Broker-to-Broker Payment and Acknowledgment

The Receiving Broker acknowledges receipt of the introduction and agrees to pay the Referral Fee directly to the Referring Broker (or the Referring Broker's brokerage) as set forth herein. The Referring Broker and Receiving Broker each represent that they are properly licensed in the applicable jurisdiction(s) to receive or pay referral fees where required.

Dual acknowledgment:

Referring Broker Signature: _______________________________ Date: [[Date]]

Printed Name: [[Referring Broker Full Name]]

Receiving Broker Signature: _______________________________ Date: [[Date]]

Printed Name: [[Receiving Broker Full Name]]

8. Referring Broker's Role Ends at Introduction

The Referring Broker's duties and authority under this Agreement and in connection with the Transaction are limited exclusively to the initial introduction of the Client to the Receiving Broker. Upon making the introduction, the Referring Broker's role terminates for all purposes except the right to receive the Referral Fee if earned.

The Referring Broker shall not:

1. Negotiate on behalf of any party.

2. Prepare or present offers or contracts.

3. Provide property tours, inspections coordination, or financing advice after the introduction.

4. Have any contact with the other party to the Transaction without the Receiving Broker's prior written consent.

The Receiving Broker is solely responsible for all brokerage services, compliance, disclosures, and client representation after the introduction.

9. Cooperation and Non-Circumvention

The parties agree to cooperate in good faith to document the referral and to facilitate payment of any earned Referral Fee.

The Receiving Broker shall not circumvent the Referring Broker by attempting to avoid payment of the Referral Fee through use of another agent, entity, or arrangement. This non-circumvention obligation survives termination of this Agreement for a period of [[Non-Circumvention Period, e.g., two (2) years]].

10. RESPA and Regulatory Compliance

Where the Transaction involves a federally related mortgage loan, the parties acknowledge that referral fees must comply with the Real Estate Settlement Procedures Act (RESPA) and Regulation X. A referral fee for the introduction of settlement service business is permissible only to the extent it is for actual services rendered and does not constitute an unearned fee or kickback prohibited by RESPA Section 8.

The Referring Broker represents that it has not required the Client to use the Receiving Broker as a condition of any other service or loan.

Both parties agree to maintain records sufficient to demonstrate compliance.

11. Representations and Warranties

Each party represents and warrants that:

1. It is duly licensed as required by applicable state real estate laws.

2. The introduction does not violate any MLS rules, association rules, or brokerage policies applicable to either party.

3. It will comply with the NAR Code of Ethics, including Article 6, which requires that any fee or commission received for referring a client be disclosed and that the arrangement be in the best interests of the client.

4. All information provided about the Client and Transaction is accurate to the best of its knowledge.

12. Term and Termination

This Agreement commences on the Agreement Date and continues until the earlier of: (a) payment of any earned Referral Fee, (b) written termination by either party, or (c) [[Maximum Term, e.g., twelve (12) months]] from the Agreement Date.

Either party may terminate upon written notice if the other materially breaches and fails to cure within [[Cure Period, e.g., fifteen (15) days]] after notice.

Termination does not affect any Referral Fee already earned.

13. Governing Law and Dispute Resolution

This Agreement shall be governed by the laws of [[Governing Jurisdiction or "the state where the Referring Broker is licensed"]] without regard to conflict of laws principles.

Any dispute arising out of this Agreement shall first be submitted to mediation under the rules of the local REALTOR association or a mutually agreed mediator before litigation. The prevailing party in any enforcement action shall be entitled to reasonable attorneys' fees and costs.

14. Notices

All notices under this Agreement shall be in writing and delivered by certified mail, overnight courier, or email with read receipt to the addresses set forth above (or updated in writing).

15. Entire Agreement; Amendments; Severability

This Agreement constitutes the entire understanding between the parties concerning the referral and supersedes all prior discussions. Amendments must be in writing and signed by both parties.

If any provision is held invalid or unenforceable, the remainder shall continue in full force.

16. Counterparts and Electronic Signatures

This Agreement may be executed in counterparts and by electronic signature, each of which shall be deemed an original.

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SIGNATURES AND ACKNOWLEDGMENT

Referring Broker

Signature: ____________________________________________

Printed Name: [[Referring Broker Full Name]]

Brokerage: [[Referring Brokerage Name]]

Date: [[Date]]

Receiving Broker

Signature: ____________________________________________

Printed Name: [[Receiving Broker Full Name]]

Brokerage: [[Receiving Brokerage Name]]

Date: [[Date]]

Client Acknowledgment (optional but recommended for transparency)

I acknowledge that I have been referred by the Referring Broker to the Receiving Broker. I understand the Referring Broker's role is limited to the introduction.

Client Signature: ____________________________________________

Printed Name: [[Client Full Name]]

Date: [[Date]]

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*Template - not professional legal advice. This Referral Fee Agreement is a general template for broker-to-broker arrangements. It is not a substitute for legal counsel. Parties must ensure compliance with all applicable state licensing laws, the NAR Code of Ethics (Article 6), RESPA where applicable, and any MLS or association rules. Verify current requirements before use. All monetary and date values are [[Token Placeholders]] to be supplied by the user.*

*Key sources and references (as of June 2026): NAR Code of Ethics Article 6; 12 U.S.C. § 2607 (RESPA Section 8); 24 C.F.R. Part 3500 (Regulation X); state real estate commission licensing statutes (general). No jurisdiction-specific form is mandated for pure referral fees; this document is contractually governed.*