Agent To Agent Referral Agreement Form: Fill & Download for Free

Yes there is a Brokerage Referral agreement that must be signed.

I quit real estate over this:An agent in my office asked me to help him. He ran into a couple who were renting in his condo complex. Their lease was up, and they needed a home immediately. Their landlord agreed to let them stay month-to-month while they found and closed on a property.My real estate officemate, Steve, had taken a full time job since he wasn’t making any money in R.E., so he couldn’t help the couple. Steve emailed me and told me that he’d pay me $75 for each showing, and the couple had 4 properties they wanted to see the next day.Great! $300 for one day’s work! I emailed him back that I agreed. Easy money.(Note: as Steve had a full-time job, I had never met him. So, I asked our manager how I should handle “things going forward.” She advised me to keep careful records of my time. I had asked Steve what would happen if/when the couple bought a home I showed them. Real estate law in my state, MA, entitles me to a portion of the commission, being the party who “brings buyer and seller together.” I wasn’t sure if my agreeing to take $75 per showing negated that. My manager said she’d look into it, but we both agreed the the $300/day was worth it, and “we’ll cross that bridge when we come to it.”)The couple and their young son were wonderful. I showed them the 4 homes the next day.Unfortunately, the couple didn’t like any of them.Even more unfortunately, they handed me a list of 5–6 more homes they wanted to see the next day. I agreed and set about contacting the listing agents to arrange a 9 to 5 showing day. I also emailed Steve and told him; I asked again how “we” would handle things when they eventually purchased one of the homes. He replied we’d “work something out” and assured me he would pay me for showings.Over the next few days I showed the couple 10 homes. It was a nightmare. I also wrote offers for 3 of the properties. I was furious with Steve because arranging showings and the offer process takes time, and he failed to address those hours. As usual, his emails were evasive when I brought this up.The next day, our manager abruptly quit. While I was reeling from that news, I got a call from the couple saying they wanted one of the homes we’d seen.I got the couple into the $450k house in record time. I did all negotiations, inspections (3; their contractor, the home inspection and the bank inspection). I bought the little family a lovely closing present and took them to lunch.I then demanded Steve pay me. I asked for 75% of his commision (standard referral rate), and no charge for my hours. He sent me a check for $1,400.After scraping myself off the ceiling, I grabbed the phone and called Steve. I asked for the approximately $4,000 I was entitled to: office policy was 25/75 split for a referral. Since Steve hadn’t spent 5 minutes on any of it, I considered it a referral. He yelled that I “really didn’t do all that much” and for me for “going against our agreement.”Our office had hired a new manager. He seemed like a nice enough guy, but he didn’t have any managerial experience until I came roaring into his office with my considerable issues with the deal with Steve. New Boss decided to “listen to Steve’s side of it” and get back to me.I was copied on an email to New Boss where Steve had cut and pasted the part where I agreed to $75 per showing. I did 16 showings, and he was paying me $75 for one inspection and closing.Our manager sided with Steve. $1,400, get over it.I will leave it to your imagination the words I had for Steve and the new manager before I walked out the brokerage door. I had been and expected to be stabbed in the back by other brokers, but not an agent and manager in my own brokerage.I was picked up by another brokerage, but I guess they call them “brokers” for a reason: my spirit was broken. I managed to build myself up to work on a few deals, but I had a professional form of PTSD. I was miserable, always imagining how the deal could blow up in my face.I still have my RE license, but this event, followed by my mother’s death, then COVID-19 has me rethinking my life, and I don’t see how real estate fits in.

Not sure as I have not been a part of a team. Teams in RE usually do more as a whole than separately, and usually set up a draw account, and leave a lot of the commission earned in a holding account for expenses, and at the end of the year have a bonus for all team members. And then there is a team concept, which is more common where an Agent/Broker sets up his own shop and hires Agents to do specific tasks, like being a buyer's agent. Then there are certain items agreements as to how much of a commission the buyer Agent will receive from the Agent/Broker/Owner for their 'referral'.In Real Estate, there are no rules cast in concrete about agreements between Agents who form their own Real Estate Group, and how they will split any monies received in commissions.