Comments on: The Complete Guide to Real Estate Referral Fees

By: Gina Baker

Gina Baker — Tue, 27 Aug 2024 15:12:14 +0000

In reply to MICHAEL w. Yes, Agent A should request a closing statement to verify the completed transaction and commission amount.

By: Gina Baker

Gina Baker — Tue, 27 Aug 2024 14:29:02 +0000

In reply to Billie Jo Andersen. They can - if you stipulate the expiration period within your referral agreement, that will help to keep it valid.

By: Billie Jo Andersen

Billie Jo Andersen — Tue, 16 Jul 2024 15:02:44 +0000

Do referrals expire?

By: MICHAEL w

MICHAEL w — Mon, 01 Jul 2024 17:29:32 +0000

IF PARTY A IS A MANAGING BROKER, AND REFERS A PROPERTY SELLER TO AGENT B, AND A TRANSACTION OCCURS, AT CLOSING, WHAT SHOULD AGENT A REQUST FROM AGENT B-CLOSING STATMENT? COPY OF CONTRACT?

THANK YOU,

By: Linda Ma

Linda Ma — Mon, 25 Mar 2024 21:30:41 +0000

Does this apply to all future transactions? Does the referring agent continue to get a 25% referral fee on all sales/purchases as long as the client does future business with the agent they referred them to?

By: Sam Juan

Sam Juan — Mon, 18 Mar 2024 15:19:48 +0000

Example:

Say a buyer is seeking a morgage approval and the salesperson recommends a broker. Can the buyer client edit the Referal Fees clause in the buyer client aggreement to state that the referal fee wil be split 50/50 between the Buyer client and the Brokerage?

Extra bonus: This is pertaining to a purchase of real estate in Ontario, Canada, but I would assume your answer and this practice will be uniform in most markets.

By: Adrian Dion Marianetti

Adrian Dion Marianetti — Sun, 10 Dec 2023 22:16:42 +0000

How would referral fees work when you are bringing tenants to that apartment complex. Me as a real estate agent brings the apartment complex a renter to that listing agent of that apartment complex. We will say they do offer a finders fee, a flat fee, or percentage fee does that listing agent and the refferal agent sign a referral contract? Or how would that work?

By: Lily

Lily — Mon, 27 Nov 2023 06:20:23 +0000

When I finish filling out the referral fee agreement do I have to
send out for signature.? If so who needs to sign it? If broker needs to sign is it only my broker or both brokers? I only know the others broker is Keller Williams how would I send docusign to broker I think I would need their name and email right? Please advice. Thanks.

By: Doug daCosta

Doug daCosta — Wed, 04 Oct 2023 14:44:22 +0000

Question: Are the referring agents entitled to ongoing referral fees on subsequent transactions once the referred client purchases a property? Case in point, recentlly I received a referral, closed the deal and paid a referral fee. If the same client makes additional new purchases or list properties with me, am I obligated to pay referral fees going forward?

By: Linda M Stevens

Linda M Stevens — Fri, 22 Sep 2023 21:35:47 +0000

I am a realtor- salesperson retiring soon. Can I do referrals as a salesperson not connected with an brokerage or do I have to be a broker to refer. Can I refer being a sales person without working for a company.