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#254925 - 10/14/08 02:31 AM which agreement to prevent broker stealing clients
lovetoknow Offline
Junior Member

Registered: 03/15/07
Posts: 5
Loc: ca
hi all
I have a question where broker A refers a client to broker B. Broker A wants all future deals to go through Broker A thus broker A does not want Broker B to solicit the client directly nor client solicit broker B directly. What form do you use that will provide Broker A this protection ?


Edited by lovetoknow (10/14/08 02:32 AM)

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#254926 - 10/14/08 02:47 AM Re: which agreement to prevent broker stealing clients [Re: lovetoknow]
Agent 007 Offline
Major Contributor

Registered: 02/05/05
Posts: 2291
Loc: Las Vegas
I don't believe you can leave a referral agreement open to be indefinite. You would have to include a certain period of time that the referrals through that client is good for. Most referral agreements are set up to use a standard of one year, but you can change this to whatever you want I would think. I have never heard of anyone doing an indefinite amount of time on it though. Just put 5 years or something.
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Direct: (702) 203-6688
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#254933 - 10/14/08 05:53 AM Re: which agreement to prevent broker stealing clients [Re: Agent 007]
Mike Taylor Offline
Member

Registered: 10/01/07
Posts: 232
Loc: Indianapolis, Indiana
So for one reason or another you want to refer one deal to broker B then have all future deals go through broker A? I think the best thing to do is go with someone you already know and trust.

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#255002 - 10/14/08 01:00 PM Re: which agreement to prevent broker stealing clients [Re: Mike Taylor]
Texas Agent Offline
Member

Registered: 07/14/08
Posts: 341
Loc: Dallas, Fort Worth - TX
I think the above post nailed it. Good referral business is based on trust.

In addition, a key piece of information is missing from this scenario. Why is Broker A referring the client in the first place? The answer to that is important.






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#255154 - 10/15/08 07:41 AM Re: which agreement to prevent broker stealing clients [Re: Texas Agent]
Bigtoe Offline
Veteran Member

Registered: 10/14/07
Posts: 593
Loc: Outer Banks
Broker B is getting a referral and they can't talk to the client? This sounds odd.

I had an agent from 4 hours away who wanted me to put his client's property in the MLS for a referral fee. The other agent would get the listing signed and handle contract negotiations and I would handle showings and be responsible for the MLS content.

The whole idea was good for a laugh but that was about it.
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