This Co Broker Agreement is written to the benefit of the broker receiving the transaction, from the referring broker. If you plan on calling on other originators, perhaps residential loan officers, then this agreement would suit that purpose. It’s extensive at four pages with an additional appendix.
Working with other originators can be a solid way to generate business. They have the relationships with the borrower and the initial packages. But perhaps they don’t have the knowledge and or experience to see the deal through and need help from a more experienced originator. Maybe you have a specialized niche that other brokers don’t know as well.
In addition, for commercial loan brokers that are getting started, co brokering it is a great way to learn the business from others that have more experience AND still make money.
The cost for the Co Broker Agreement is $70 and we included a separate Non-Circumvent, Non Disclosure & Confidentiality Agreement for free. These two agreements will be emailed to you instantly in Word so you can easily alter them and there is NO shipping costs. Our software program will automatically email you the agreement instantly upon order. Day or night.
Combo Agreement Package
Or get ALL of our agreements, which includes 1. the comprehensive Commercial Mortgage Broker Agreement; 2. the simple Mortgage Broker Fee Agreements (there are 2 separate agreements in one); 3. the Co Broker Agreement; 4. the Non Circumvent, Non Disclosure and Confidentiality Agreement and 5. the Agreement Between Broker and Lender. $305 if purchased separately or get ALL for only $225 (We paid our attorney’s over $4,000 for all of them). All come in Word and are emailed instantly upon purchase.