Real Estate Broker # 1 and Real Estate Broker # 2 (the Parties) agree that the Recipient Broker will pay to the Referring Broker ______% of the total commissions received by the Recipient Broker, through escrow, upon closing, if the closing takes place within 12 months of the referral date. Referral fees shall apply to both sales and leases.

The Parties agree to the following:

• To contact all people referred within 24 hours,

• To keep the other Party reasonably informed of the progress of each referral,

• To keep the other Party reasonably informed as to any change to their Information Form,

• Not disclose personal information about a client to any third person without the client’s written consent,

• To not accept a referral unless the broker has the knowledge and experience to handle it competently,

• That in the event of a dispute, California law shall apply. Los Angeles County shall be the venue of any court action, and the prevailing party, shall be
entitled to reimbursement of any costs incurred and reasonable attorney’s fees.

California law prohibits a broker from paying compensation to anyone other than another licensed broker or an agent affiliated with his or her firm.

Once a broker to broker relationship is established, you may advertise on your website: "Member of Broker to Broker Referrals a National Referral Network"