Referral Agreement Form

Part I.

Referral Agreement

I would like to be considered a candidate for a 1Agent client referral. I agree to provide the following services to the referred client:

Buyer related services and promises:

* Single agency - I agree not to engage in any representation that involves dual agency. If there are homes that the client might be interested for which I have a conflict of interest, then I will immediately contact 1Agent. I will not attempt to refer the client to another agent.

*Fiduciary duties- You will give Me your undivided loyalty, and owe to Me ALL the duties that an agent owes his or her principal under the common law of agency. You will represent my best interests at all times and place my interests above all others, especially your own.

* Home inspection - I agree to recommend a home inspection and will recommend a home inspector who I believe is reasonably priced and highly skillful.

* Real estate attorney - I will recommend that the client obtains a real estate attorney to review the Purchase Agreement before it is presented to the Listing Agent or Seller.

Seller related services and promises:

* Single agency - I agree not to engage in any representation that involves dual agency. If there are homes that the client might be interested for which I have a conflict of interest, then I will immediately contact 1Agent. I will not attempt to refer the client to another agent.

* Fiduciary duties - You will give my client your undivided loyalty, and owe to Me ALL the duties that an agent owes his or her principal under the common law of agency. You will represent my best interests at all times and place my interests above all others, especially your own.

* Real estate attorney - I will recommend that the client obtains a real estate attorney to review the Purchase Agreement before it is signed by my client.

Part II.
Real Estate Agent/Broker Profile

We will be creating an agent/broker profile from the information you provide to us. We will include this information in our database of some of the most highly qualified real estate agents in the nation.

Please fill-in as much information as you like. Keep in mind that we will be using this information to help determine who will provide the best representation  to our clients.

Real Estate Agent Information
Name:  Required

Address: 
City:  State: Zip: 
Country: 
Phone Numbers
Office:  Required

Fax: 
Home: 
Cellular: 
Pager: 
Other (please state): 
Other 2 (please state): 
E-Mail:  Required

Website address: 
Personal assistant's name: 
Assistant's responsibilities:
Education:
High School: 

College: years in college full-time.
Degree(s) obtained: 

Post Graduate: years in graduate school full time.
Degree(s) obtained: 

Related areas of experience (e.g., appraisal, home inspection, courses taken...):

Real estate licenses held: 

Years as licensed real estate agent: 

How many years have you been selling real estate full-time? Required

What REALTOR Associations are you a member of (local, state, national)?:

Designations (CRS, CRB, etc...):

Past and present REALTOR committees/position (e.g., Professional Standards/ Chair or Arbitration/member):

REALTOR offices held:

What type of vehicle will you be using to transport clients:
Year: Make: Model:

Volume (projected estimate #) of personal transactions in:
2000:
# of listing transactions
# of selling transactions
# of dual agency transactions.
# of transactions in the $50,000 -$150,000 range;
# of transactions in the $150,000 -$450,000 range;
# of transactions in the $450,000 and higher range.

1999:
# of listing transactions
# of selling transactions
# of dual agency transactions.
# of transactions in the $50,000 -$150,000 range;
# of transactions in the $150,000 -$450,000 range;
# of transactions in the $450,000 and higher range.

1998:
total volume for 1998

Listing Info:
What percentage of your listings sold in 2000?
How many days on average does it take to sell your listings?
What is the average percentage of listing price received on your sales?
How many listings are you presently carrying?
How many homes have you sold in the past 12 months?

General information:
Approximately how many transactions involving new construction have you had in the last 3 years? 
Approximately how many transactions involving condominiums have you had in the last 3 years? 
Approximately how many transactions involving raw land have you had in the last 3 years? 
Do you charge an upfront retainer agreement, if so how much? 
What information will you provide to your client regarding the prospective areas that the client is moving to (Chamber of Commerce, Schools, taxes,etc...)?:

Real Estate Broker Information

Broker's name: Required


Manager's name: 
Company name: 
Phone number for manager:
Number of Offices: 
Number of Agents: 
Number of Company transactions in 1999 and 2000: 

I promise to do the following for a 1Agent client to sell their home: (if this is for a buyer please skip this section)

Place a picture advertisement in the local multiple listing services within
hours from the signing of this Contract until its expiration.

Place(# of) picture ads per month in the following publications:


Conduct (# of) real estate salespersons open houses per month.

Conduct (# of) public open houses per month.

Perform additional marketing items as follows:

In order for us to verify that there are no licensing or ethics violations, please provide us with the following:

What is the name of your Governmental Licensing Enforcement Agency ?
(please provide a phone #):

What is the name and phone # of your local REALTOR Association ?
(please provide a phone#):

Comments, suggestions (we appreciate constructive criticism):

I also agree to provide 1Agent with the following information:

1. Copy of an executed purchase agreement

2. Copy of an executed HUD-1

My broker agrees to pay a 20% referral fee of the:
Total commission received (less any cooperative fees paid out);

to:
Douglas R. Miller, Licensed Minnesota Broker, Attorney at Law,
dba as 1Agent,
25525 Orchard Circle
Shorewood, MN 55331
Office 612-745-7890
Fax 612-745-7898

Said fee will be paid upon a successful closing. Payment will be made within 5 days of closing. If my broker does not pay the agreed referral fee and 1Agent institutes collection proceedings, I and my broker agree to pay for 1Agent's attorney fees and other reasonable costs of collection, plus permissible interest from the date of closing.

Both 1Agent and 1Agent's clients are encouraged and expected to rely on the above statements as being true and accurate in their decision to select me as a 1Agent referral.

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