The behaviour of a discoverer is limited. A finder does not have the legal authority to participate in all aspects of the dissemination of real estate information or other transactions. [Calif. Code of Conduct for Businesses and Professions 10130 and following.] Although a verbal agreement between brokers is fully applicable for a referral, a documented agreement clearly states: article: A written broker-to-broker agreement. Thus, the written agreement of broker referral fees serves as evidence of the agreed terms for the payment of earned transfer fees which otherwise could not be fully clarified in an oral agreement or, worse, forgotten later. Licensed brokers and salespeople owe fiduciary duties to the contractors they represent. Loyalty obligations require brokers and their agents to work with the utmost care and care for transactions. This form is used by an agent if he agrees to obtain a fee to be paid by another broker for the transfer of a person who needs the services of the other broker and his agents in order to document the identity of that person and the terms of payment of the transfer fee. Here, the referring agent must document the transfer to ensure that the transfer fee that the other agent promises to pay. The best proof of the agreement is a form for the reference tax. [See RPI form 114] The referring broker does not receive any other fees for transactions that the expelled potential client receives through the services of the other broker. In addition, the exderating broker and its representatives do not engage in any activity after making the referral that creates a loyalty obligation due to the potential client. Their participation is limited to the recommendation of the potential client.
Accordingly, a provision of the recommendation royalty agreement stipulates that the referring broker will not give advice or participation in negotiations with the potential client. When an agent forwards a potential client to another agent, a referral fee agreement is used to document the recommendation. The Referral Fee Agreement is designed as a broker-to-broker recommendation form. A recommendation is between brokers and should not be confused with a Finder fee contract, as a discoverer is an un conceded person who is employed to recruit and locate clients for a broker and his agents. [See RPI form 115] The Referral Fee Agreement broker published by RPI (Realty Publications, Inc.) is used by an agent if he accepts another broker or agent to pay a fee in exchange for the recommendation of a client who needs the services of the other broker. In addition, the broker referral fee agreement is used to identify the person in question and document the amount and terms of payment of the transfer fee.