Loan broker fee agreement pdfBroker Fee Agreement • July 19th, 2023
Contract Type FiledJuly 19th, 2023A Broker Agreement, also known as a Finder's Fee Agreement or a Referral Agreement, sets forth the terms and conditions under which a Broker will either find goods and/or services for a Buyer to purchase or interested buyers for goods and/or services being sold by a Seller. The Broker's role may be limited to just introducing a buyer and a seller, or may be more involved in the transaction between the parties and may consist of assisting with the negotiation of the final deal. In either situation, the introduction and potential transaction stem directly from the Broker's assistance, which entitles the Broker to financial compensation. This Agreement outlines the specifics of this relationship and the circumstances under which the Broker will receive a fee for their services. Parties should use a Broker Agreement if: A Broker has knowledge and contacts in a particular field and is able to introduce a buyer or seller of goods and/or services to each other Someone running a business wishe