REFERRAL FEE AGREEMENT
A fee a broker pays a person who introduces a client, only if a deal results
Executed at __________ on __________.
Parties
1. The Broker — __________, of __________, mobile __________ ("the Broker").
2. The Referrer — __________, of __________, mobile __________ ("the Referrer").
1. The referral
1.3 The Referrer confirms that the Referred Person has agreed to be contacted by the Broker and to have the details above shared with the Broker.
2. What the Referrer does and does not do
2.1 The Referrer only introduces the Referred Person. The Referrer does not negotiate, show property, give advice or make any statement or promise about price or any property on the Broker's behalf, and takes no money from the Referred Person or from anyone else for the transaction.
2.2 The Referrer is not the Broker's employee, partner or agent.
3. The fee
3.3 No Fee is payable if no transaction results, if the brokerage is not received, if the Referred Person had already been in touch with the Broker about the same matter before this introduction, or if the Referrer is paid by the Referred Person for the same introduction.
3.4 The Broker will deduct tax at source and make other deductions that the law requires. Each party is responsible for tax on what it receives.
4. General
4.1 The Broker alone decides whether, how and on what terms to deal with the Referred Person, and is not bound to enter into any transaction.
4.2 The Broker will keep the Referred Person's details private and use them only for this transaction.
4.4 This agreement may be changed only in writing signed by both parties.
Personal data
The names, addresses, telephone numbers and email addresses in this document are collected only for the purpose of this document and the transaction it records. Each party keeps a copy. It will not be used for marketing or shown to anyone except the parties, their advisers and any authority or court that requires it. A party may ask the other to correct it or, once the purpose has ended, to erase it, as the Digital Personal Data Protection Act, 2023 allows. No Aadhaar number, PAN or bank-account number is collected here.
Signatures
The Broker
Signature: _________________________
Name: __________
The Referrer
Signature: _________________________
Name: __________
Witnesses
Witness 1
Signature: _________________________
Name: _________________________
Address: _________________________
Witness 2
Signature: _________________________
Name: _________________________
Address: _________________________