MORTGAGE CO-BROKER AGREEMENT

 DATE:____

It is mutually agreed that _____________________________________   are principle client(s) of ___________________________ hereafter referred to as "Remitting Broker" in its efforts to secure a mortgage Commitment and/or mortgage sale for the above client(s).

Accepting Broker agrees to a percentage of __________________% of the total loan amount for its part of the total brokerage fee listed by agreement/contract or to be charged at loan closing, provided that the Accepting Broker has obtained a commitment. Remitting Broker agrees to the amount of fee left after payment of Accepting Broker’s fee. This is providing that said requested commitment has been secured by Accepting Broker by (date) _______________ It is further agreed that the Remitting Broker will supply the Accepting Broker with copies of the commitment and the necessary closing documents upon closing in order that both Remitting Broker and Accepting Broker be in compliance with their applicable State and/or Federal Statutes. It is mutually understood a state of non-circumvention shall apply to all clients and lenders for a period of 3 years, unless permission is given and accepted in writing by both parties to nullify this covenant.

Remitting broker confirms they are obtaining a Mortgage Brokerage Agreement, signed by the Borrower. This brokerage agreement will show that the Accepting Broker,  is co-broker and co-brokerage fees paid to the Accepting Broker are show separately as required by law.

 Dated the same date as listed above.

Remitting broker                                          Accepting broker

___________________________              __________________, license # ___________,

                                                            President for

                                                            _________________, Inc.