Broker Referral Agreement
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					                                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
Referral Fee.

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
Shared By:
Description: A referral program is an arrangement through which a person or business directs leads to your business. The referrer recommends the service to the new potential client to increase the chance of a sale. This type of agreement is common for a broker who is constantly looking for new business. As the broker, you would commonly compensate the referrer with a commission, also called a finder's fee, for each lead that turns into a sale.
PARTNER William Glover
I received my B.B.A. from the University of Mississippi in 1973 and my J.D. from the University of Mississippi School of Law in 1976. I joined the firm of Wells Marble & Hurst in May 1976 as an Associate and became a Partner in 1979. While at Wells, I supervised all major real estate commercial loan transactions as well as major employment law cases. My practice also involved estate administration and general commercial law. I joined the faculty of Belhaven College, in Jackson, MS, in 1996 as Assistant Professor of Business Administration and College Attorney. While at Belhaven I taught Business Law and Business Ethics in the BBA and MBA programs; Judicial Process and Constitutional Law History for Political Science Department); and Sports Law for the Department of Sports Administration. I am now on the staff of US Legal Forms, Inc., and drafts forms, legal digests, and legal summaries. I am a LTC and was Staff Judge Advocate for the Mississippi State Guard from 2004-2008. I now serve as the Commanding Officer of the 220th MP BN at Camp McCain near Grenada, MS. I served on active duty during Hurricanes Dennis (July, 2005), Katrina (August, 2005) and Gustav in 2008. I played football at the University of Mississippi in 1969-1971 under Coach John Vaught. I am the author of the Sports Law Book (For Coaches and Administrators) and the Sports Law Handbook for Coaches and Administrators (with Legal Forms),