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Friday, July 17, 2015

Agents Get Paid a 25% Referral Fee

Agents Get Paid a 25% Referral Fee

Agents if you have a buyer or seller and would like to earn a 25% referral fee call 239-659-2000 and ask for Ron. If the Buyer results in a purchase you will receive 25% of the buyer side commission, alternatively if the Seller results in a listing and sale you will receive 25% of the seller side commission.

What is the standard referral fee from agent to agent and or broker to agent?

Commission is calculated by a percentage of the SALES PRICE
A referral fee is calculated by a percentage of the COMMISSION based upon the sales price

Referral fees from agent to agent or agent to broker -- everything is negotiable. I've seen referral fees range from 25% of one side of the commission up to 50%.

Referrals are normally one sided - meaning I would refer a buyer to an agent (buyer's agent) in Omaha and I would receive 35% of his commission ONLY on the buying side.

Same goes for a seller referral - the referring agent would receive a percentage of the LISTING side.

If you are a FSBO you would offer either a percentage of the sales price (2-3%) or a flat fee to a buyer's agent (aka selling agent). You are acting as your own listing agent so there isn't a listing side of the commission. This is NOT a referral fee.... this is commission.


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posted by Ron Abboud at 6:09 PM

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