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TXR 2405 — Referral Agreement Between Brokers

This agreement formalizes a referral between two licensed real estate brokers. The referring broker sends a prospect (buyer, seller, tenant, or landlord) to the receiving broker, who will provide brokerage services to the prospect. In return, the receiving broker agrees to pay the referring broker a

Source: TXR
Form Number: 2405
Category: Other
Revised: June 24, 2024

Used For

Residential Sales, Residential Leases, Commercial Sales, Farm & Ranch, Vacant Land

Form Outline

The TXR 2405 form is organized into the following sections:

  1. Parties
    Identifies the two broker parties to the agreement: the Receiving Broker (who will service the prospect) and the Referring Broker (who is making the referral). Includes full contact details and license information for both brokers and any associates.
  2. Prospect
    Identifies the prospect (client) being referred and provides their contact details along with any comments or special instructions for the receiving broker.
  3. Term
    Establishes the start and end dates of the referral agreement. The agreement expires at 11:59 PM on the end date.
  4. Referring Broker's Fee
    Defines how the referring broker's fee is calculated for different transaction types: sales, primary leases, lease renewals/expansions, and subsequent sales to tenants. Allows three fee calculation methods for each: percentage of receiving broker's fee, percentage of sales price or rent, or a custom arrangement. Also specifies whether the agreement covers one transaction or multiple transactions.
  5. Survival
    Fee obligations that arose during the term survive after the agreement ends. Additionally, lease renewal fees (4B2) and subsequent-sale-to-tenant fees (4B3) survive termination regardless, providing long-term protection for the referring broker.
  6. Related Parties
    Extends the referral fee obligation to transactions by related parties of the prospect, including family members, business entities, assignees, and officers/directors/partners. This prevents circumvention of the referral agreement by having a related party complete the transaction instead of the named prospect.
  7. Special Provisions
    A blank section for any additional terms, conditions, or agreements between the brokers that are not addressed in the standard form provisions.
  8. Licensed Brokers
    Both parties represent that they hold active real estate broker licenses in Texas or their home state. This is a legal requirement for receiving referral fees.
  9. Addenda and Other Documents
    Allows the parties to attach additional documents to the agreement. Includes a checkbox for the referring broker's W-8 or W-9 form for IRS reporting purposes, plus two additional blank checkboxes for other documents.
  10. Signatures
    Execution block requiring signatures from both brokers (or their authorized associates), printed names, and dates of signature.

How RaiderX Agents Use This Form

When you upload a signed TXR 2405 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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