Comments and Help with texas real estate referral form
Video instructions and help with filling out and completing real estate referral form
Instructions and Help about real estate referral form template
Hi everybody Dana sparks here and this week's contract tip has to do with referrals now you guys are probably all used to sending broker broker referrals you send a broker to broker a referral whether you are sending a referral to somebody in-house whether you're sending a referral to another agent across town or whether you are sending a referral to another agent in another state so you're all familiar with filling out the broker to broker a referral form to ensure that you get paid what I'm here to remind you of is that per license law you must also get the person that you who you are referring you must get their consent in writing agreeing to the referral and the license law it's under the air unfair trade practices portion of license law it is the official code of Georgia annotated law 43 - 40 - 25 paragraph B 36 and what it states it specifically is failing to obtain a person's written agreement to refer that person to another licensed broker for brokerage or relocation services and to inform such person being referred whether or not the licensee will receive a valuable consideration for such referral so it's an unfair track freight trade practice if you do that if you fail to obtain the person's written agreement to refer that person to another licensed broker for brokerage or relocation services and to inform such person being referred whether or not the licensee will receive valuable consideration for such referral so there are forms in both the GAR contracts forms packages as well as the re forms contracts packages to keep you compliant with the law so in the GAR forms the broker to broker referral form is Co 10 referral agreement broker to broker and that's where you and the other agent and brokers fill in all the terms the person being referred the terms if it's a listing referral by refer both so forth and so on and gore has a paragraph in there to remind you that you need another form Garces prospect has consented to referral referring broker has obtained the prospects written agreement to be referred to receiving broker and has informed the prospect that the referring broker will receive a valuable consideration for such referral so in the GAR form it has a little reminder there for you but that written authorization is gar Co 11 and it is called referral authorization and basically it says I are we the undersigned do hereby authorize blank and that's refilling your name as the agent referring broker to refer me or us to another real estate broker for brokerage and/or relocation services and acknowledges that the referring broker may be paid viable consideration then there's a place for the public person being referred to sign and date back in the re contracts packages the broker to broker referral is our e 156 broker agreement to pay referral commission and again that's where you and the other agent fill out the information the person's name if it's a buyer referral a listing referral compensation so forth and so on and then to be...
