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  • Entrepreneurs

    Introducer Agreements

    Hi All,
    I have recently started my own company in sourcing properties, helping with rtb's etc and would like some advice on how to produce the correct Introducer Agreement between parties. I now have access to properties throughout the UK and have been receiving interest from interested parties. Can you help please? 

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    Hi and welcome,

    I am not sure if you are aware, but there are a lot of compliance requirements when being a deal sourcer?  When you introduce a buyer to a seller, you are acting in the capacity of an estate agent, which is a highly regulated activity and includes being a member of an independent redress scheme, having client money protection in place, registering with HMRC for anti-money laundering protocols etc.

    Forgive me if you are already aware of this.  If you are, please include your independent redress scheme membership details in your posts, as this is a requirement for any deal sourcer posting on this site as part of our safe-guarding protocols.

    With regards to an introducer agreement, I would recommend that you pay a solicitor to draw one up for you.

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    Hi Vanessa, thank you for your reply. We are fortunate to have your sound advice. Thank you.
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    Hi

    The web is littered with them.

    Like AST`s they are all different though and they can say what you want them to say .

    I wrote my own, kept it simple and then got a solicitor to fine tune it for me

    Mine is just one page A4 in plain speak . It can be 5 pages long though full of small print

    I know each of my clients personally and its more of a token gesture than a watertight document

    If I didn't get paid I would take the hit and take it personally and never work with them again

    That has never happened and I don't envisage it would happen

    So your client relationship  is key here I suggest 

    If you don't really trust the people you work with  make it long

    If you trust them , then make it short.

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    Jonathan Clarke. http://www.buytoletmk.com

    Wow! Thank you very much Jonathan. This additional advice is appreciated.
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