Does NuOp create legally binding referral agreements when Members exchange referrals?
A legally binding referral agreement is only created automatically through NuOp when all of the following criteria are met:
- Members with the profession type "Real Estate Sales" exchange a referral with one another.
- The client's contact information is entered into the referral input form.
So long as the above criteria are met, all three referral exchange methods can produce a legally binding referral agreement. Our technology goes above and beyond what is necessary to legally bind, securely store, and authenticate referral agreements utilizing today’s most advanced technology including Blockchain.
As noted above the option for NuOp to create legally binding referral agreements is only offered to the Real Estate Sales profession. If you, and others, in your profession would like to have the ability to collect fees for your referrals, and hence, would like NuOp to create legally binding referral agreements for your profession type as well please
contact us.
Note that entering your client's contact information when exchanging a referral is optional. If you choose not to enter the client information NuOp cannot create a legally binding referral agreement. Without unique client information on a referral agreement, many jurisdictions will not consider the document to be legally binding. Also note that if you do choose to enter your client's contact information that information is never revealed to any other Member of the community until the referral exchange process is complete and the referral has been assigned, by you, to the Member of your choosing. Only then is the client information revealed to the Member who you chose for your referral.
Related Articles
Which Members are able to have NuOp create a legally binding referral agreement when exchanging referrals?
All NuOp members can create legally binding referral agreements for their profession. You need to include your the clients information when submitting the referral information so that one legally binding agreement can be distinguished from another. ...
How to create a referral
How to create a Referral In this article we will show you how to create a referral and the different ways you can send one. Note you can create an unlimited amount of referrals on NuOp for free! PS: Check out the attached video for an example. ...
Referral Exchange Methods
NuOp provides it's members with three referral exchange methods: Open Referral Direct Referral First-come, First-serve These three methods are all able to be accomplished by filling out one simple referral input form. In other words, you don't need ...
How To Download Your Referral Agreement
It is important to always have your referral agreement on hand, so in this article we will go over how to download your referral agreements from NuOp. It is very easy to download your agreements, just follow the steps below. 1. Create an Opportunity ...
How to Create an Opportunity
How to Create an Opportunity In this article we will show you how to create an Op, the 3 types of op's, and the different ways you can send one. Note you can create an unlimited amount of opportunities on NuOp for free! Types of Ops you can create ...