35% Real Estate Referrals We Pay Real Estate Brokerage Referrals 35% Commission Click To Send a Referral

Can I send a referral purchase property anywhere in the United States and receive a commission?

Yes. Customer referrals are made and commissions get paid brokerage to brokerage, and then our referral agent is paid their split. But we do also have to have the commission agreement signed by the referred to brokerage’s qualifying broker prior to sending the customer referral’s contact information to them. This protects us to make sure we get paid.

What Is a Real Estate Referral?

real estate referral is the act of getting a client into the hands of the person who is the most qualified to get them the real estate services they need. As much as real estate agents would love to be the go-to resource for all things real estate for all our clients all the time, there are times when our clients request things that we simply can’t deliver.

Most commonly, real estate referrals occur because a real estate agent is either unlicensed or unqualified to service their client in the purchase or sale of property in a particular geographic area or for a specific type of real estate.

Real Estate Referral Form

The only paperwork required for a real estate referral is a real estate referral agreement. This is a basic contract between the two brokers of the referring agents that covers how the commission will be split, the length of the referral, and other matters.

It’s typically the referring agent’s responsibility to supply the referral contract with the initially stated terms. If the receiving broker wants to negotiate these terms, they may do so.

Need a referral contract? Click below to get our free, customizable, and easy-to-use template. The National Association of Realtors also has an easy-to-use referral form you can find here.

How Do I Get Paid When I Make a Real Estate Referral?

When you make a real estate referral, you are handing over the care and keeping of your client to another real estate agent for that particular transaction. Just like the agent you’re handing your client over to, you don’t get paid until their transaction closes.

When an offer has been written on your client’s behalf and is accepted, the ensuing contract will include a clause that entitles you to the agreed-upon referral percentage. When it comes time for the closing company to cut checks dividing up the sale proceeds, your broker will be issued a check just like the real estate agent’s broker to whom you referred the client.

Once your broker has your referral fee, they’ll treat it like any typical real estate transaction. They will pull their percentage share of your split and issue a check to you for the balance.

Do I have to have a real estate license to get paid a referral fee commission?

Yes. In order for anyone to legally be paid a real estate referral fee or commission that person must hold a valid active real estate license, hung (or activated) with a licensed real estate brokerage company. Get your real estate license, and then activate your real estate license with us.

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