Bird-dog Agreements

The "bird-dog" agreement that my investor and I used last summer was just a portion of a larger agreement between the two of us written up for our specific situation. So I do not have my own bird-dog/referral/assistant agreement to post. But here are a couple I found by googling. PLEASE remember to have them reviewed by an attorney and tweaked to what is legal for your state. I would be most comfortable with the one that states a flat fee for "assistant" services as this cannot be mistaken for a "real estate agent's" percentage.

Also, you may want to use one for each property you find, or keep a list of each property you present to each of your investors.

http://www.thecreativeinvestor.com/ForumArchives/viewarctopic/57162/
http://www.biggerpockets.com/forms/bird-dog-agreement.pdf
http://www.highlandfinancialgrp.com/birddog.PDF

If there has already been something similar posted in the forums I couldn't find it (nor do I remember seeing one). I know there's a lot of good info, but wasn't sure if there was a contract posted. If so, you could leave a link here.

Thanks,

Rina

*************************************************
Finder’s Fee Agreement
Date:_____________________ at__________________________, (Enter State)
In consideration of services to be rendered by ____________________ (Finder), and _______________________________________________(Client) hereby employs Finder to refer to Client a prospective:
[]Single Family Home, [] Rental Units, []Land , []Commercial,
[]buyer owner,[] borrower tenant Other___________
1. Finder agrees not to participate in or conduct any negotiations with propects, or solicit loans on behalf of prospects. Finder is/is not licensed by the (Enter State) Department of Real Estate.
2. Finder hereby delivers to Client the name and identity of the following prospect:
Name_________________________________________________________
Address_______________________________________________________
Telephone_____________________________________________________
Client is:
Single Family Home ,[]Rental Units, []Land , Commercial
, []buyer owner , []borrower tenant , Other___________
3. Finder hereby delivers to Client particulars concerning a real estate parcel that Client might want:
Address: ________________________________________________________
________________________________________________________________
Legal Description: _________________________________________________
________________________________________________________________
Other: ___________________________________________________________
Compensation:
1. As compensation for Finder’s referral, Client agrees to pay Finder as follows:
[][ $ ___________
[] _____________% of the net profit upon sale.
[] _____________% of the net equity upon purchase.
[] Other:___________________________________ ___________________
1. Finder’s compensation is payable as follows:
[] Upon the closing and sale of the transaction involving the above-cited real property (#3), or upon the closing of the first transaction involving the above-cited prospect (#2).
[] Other: ________________________________________________________
_______________________________________________________________
2. Should the prospect or the property not result in a transaction involving Client within ______months of the date of this agreement, Client shall owe Finder no compensation.
3. Additional terms and conditions: __________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
Understood and Agreed:
Finder:____________________________________ Date ________________
Client:_____________________________________ Date ________________