March 2023 Form of the Month – OREF 107 Referral Agreement

FORM OF THE MONTH

Even in the modern world of online reviews, people love and trust a good referral. So, when you’re referring another agent, or, better yet, you’re the referred agent with a chance to take on new clients, it’s crucial to formalize the arrangement with a clear contract agreement.

Form 107 does just that for you, setting the terms for any percentage or flat fee payment. This form makes tracking your referrals simple and clear.

Do you have an idea or suggestion for a new form or edits to existing forms? We want to hear from you! Submit your ideas to our Forms Committee here.

Always check with your principal broker or legal counsel to ensure that you are following any policy requirements of your brokerage. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.