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TXR 2404 — Commercial Registration Agreement Between Brokers

This three-page agreement establishes the fee-sharing arrangement between a listing/principal broker and a cooperating broker for a specific prospect and commercial property. The cooperating broker registers a named prospect and the listing/principal broker agrees to pay a defined share of their commission if the prospect buys or leases all or part of the property by the stated dates — a percentage of the sales price or base rents (optionally with expense reimbursements), or another stated fee — plus fees on renewals, extensions and expansions and on a later sale to the prospect. Fees are payable only when the listing/principal broker is paid under its own agreement with the owner. Both brokers sign.

Source: TXR
Form Number: 2404
Category: Other
Revised: April 1, 2014

Used For

Commercial Sales, RESIDENTIAL_LEASING

Form Outline

The TXR 2404 form is organized into the following sections:

  1. 1. PARTIES
    The two brokers: the Listing/Principal Broker (represents the owner) and the Cooperating Broker (represents the Prospect), each with address, phone, e-mail, fax and other contact. Each block belongs to its own broker — the wizard asks you only for your side.
  2. 2. PROPERTY
    The commercial property in Texas: address, city, county, ZIP and legal description (or the exhibit that describes it).
  3. 3. REGISTRATION
    The Cooperating Broker registers the named Prospect with the Listing/Principal Broker. The Listing/Principal Broker represents the owner; the Cooperating Broker represents the Prospect.
  4. 4. COOPERATING BROKER'S FEE
    The fee the Listing/Principal Broker pays the Cooperating Broker, payable only from the Listing/Principal Broker's own fee: A. sales (by a deadline date); B(1) the primary lease (by a deadline date, with the payment schedule); B(2) renewals, extensions and expansions (survives termination); B(3) a later sale to the Prospect within the lease term or 180 days after it (survives termination).
  5. 5. SPECIAL PROVISIONS, 6. ADDENDA, 7. OTHER
    Special provisions (seven ruled lines), the addenda list, and the standard provisions: entire agreement, written notices to the ¶1 addresses, and related-party protection for the Cooperating Broker.
  6. Execution
    Signature blocks for both brokers: the brokerage and its license number, the signer's signature, printed name, title and own license number, and the date signed.

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TXR 2404 has a verified fill map in EZDocs: answer a guided form — with the parties, property, price and closing date already filled in from your deal — and RaiderX fills the official current revision of the PDF, places every signature, initial and date line, and sends it for e-signature. Once every side has signed, the executed copy files itself into the deal.

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