Broker Referral Agreement
This Broker Referral Agreement (this Agreement) is made this (date), by and between
ABC, Inc., a corporation organized and existing under the laws of the state of (name of
state), with its principal office located at (street address, city, state, zip code), referred to
herein as ABC, and (Name of Broker), of (street address, city, state, zip code),
hereinafter called the Broker.
Whereas, Broker intends to refer to ABC potential purchasers of property located at
(street address, city, state, zip code), said property (the Property) being more
particularly described hereto as Exhibit A and/or any other project which Broker is
providing sales and marketing services; and
Whereas, in return for referring potential purchasers to ABC, ABC agrees to pay to
Broker a Referral Fee (as defined below), under and upon the terms and conditions set
forth in this Agreement.
For and in consideration of the mutual covenants contained in this Agreement, and
other good and valuable consideration, the parties agree as follows:
1. Term. The term of this Agreement shall be twelve (12) months from the date
hereof provided that ABC shall have the unilateral right at any time to terminate this
Agreement for any reason by providing written notice to Broker. The term of this
Agreement may be renewed for additional one (1) year periods with the written approval
of the parties.
2. Referred Purchaser. Broker shall present ABC with potential purchasers who
have engaged and have an agreement with Broker relating to the purchase of property
(each a Referred Purchaser). Broker shall register all Referred Purchasers with ABC.
3. Referral Fee. The amounts to be paid by ABC to Broker pursuant to this
Agreement shall be as follows: a sum (herein called the Referral Fee) equal to ____%
of the net sales price for any land purchases, ____% of the net sales price for any such
purchases. ABC shall pay Broker the Referral Fee for any Broker Referral within five (5)
business days following the successful closing of the property corresponding with such
4. Not Agent. Broker is not, and at no time shall Broker be deemed in any way, to
be an agent of ABC, and ABC shall not be bound by or liable for any representations
made by Broker.
5. Indemnification. Broker hereby agrees to, and hereby does, hold ABC harmless
and agrees to indemnify and defend ABC, from and against all claims, demands,
actions, suits, liabilities, damages, costs, and expenses (including attorneys’ fees and
costs) in any manner arising out of, caused by or related to any representations made
by Broker and/or the claim of any other broker, salesperson