AGENT REFERRAL FORM
The following is a Referral agreement between the Referring Agent and Receiving Agent (Punta Cana Lifestyle Real Estate or PCLS). We accept referrals from local agencies as well as agencies overseas. We are always honored when an agent chooses us to represent their client in any of the areas we service.
REFERRAL FEE AND CONDITIONS
In the event PCLS receives a commission in connection with a real estate transaction involving the Referred Client, PCLS will pay the Referring Agent a 25% referral fee. The referral fee shall be based on the commission received by PCLS.
All referral fees will be paid as soon as possible, but not until the property is sold, or in the case of a rental, until the tenant has checked in. Usually within 5 business days of the transaction.
Referral fees may be subject to withholding tax or other forms of taxes in the Dominican Republic, and the Referring Agent will be responsible for any bank fees incurred in the transfer of funds.
In the event that the same customer is registered by multiple Referring Agents only the first registration confirmed by the buyer will be honored for 90 days from first registration.
Id the client wants to purchase or rent a property with another Agent, we will honor the client's wishes and pay the commission to their Agent of choice.
We do not pay referral fees on clients referred for Property Management services.*
RELATIONSHIP BETWEEN PARTIES
The relationship arising from this agreement is strictly commercial, being herein a service contract, whereby both parties declare and acknowledge that there is no employment relationship between them, and are not governed by the Labor Code of the Dominican Republic.
This agreement does not have exclusivity, which means that the parties can do business with other entities in the real estate sector, or agreements of this nature with the competition and / or referrers.
For each client referred by Referring Agent, the parties acknowledge that if the relationship ends with a successful transaction and so the Referrer party will not be entitled to fees for future transactions for that client.
Please email or call us, if you have any questions before sending your referral.
DISCLAIMER: Neither the National Association of REALTORS® nor its RSPS or CIPS program enters into mediation or arbitration processes.