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Paul S. Henderson, REALTOR®, CRS, South Puget Sound Washington Agent/Broker! (Fathom Realty Washington LLC)

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Rainmaker
402,032
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

Referral fees are one-fer unless otherwise agreed upon.  The agent is a loser douchebag and totally out of line. 

Feb 15, 2016 01:32 PM
Rainer
231,279
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

That is an agent who is 3rd rate and broke... and will continue to be... ref is for one time and for a limited time.. a few weeks to a few months...depending if they drop out and then come back. but one transaction only

Feb 15, 2016 12:07 PM
Ambassador
3,222,722
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Paul, My expectation is the first transaction (or perhaps two if it was sent as a sell/buy set), but any business years later?  That was earned based on MY performance, not by the referring agent continuing to tout me.  As far as a time limit, I think our brokerage's form doesn't have a time frame specified, so I'd go with "as long as it takes".

Feb 15, 2016 11:44 AM
Rainmaker
736,232
Sharon Kowitz
CRS-SRES-ABR-GRI-E-Pro-CREN ~ COMPASS RE - Cary, NC
Cary, NC Relocation Specialist ~ Buying or Selling

No, I think a one time fee is acceptable. After you've worked with the client and they choose to use you again, that's due to your work. It has nothing to do with the referring agent. 

Feb 15, 2016 11:40 AM
Ambassador
3,213,389
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Just wow that they expected more 5 years later.  I have paid for multiple purchases when an investor was referred to me, but it was clearly spelled out in the referral we negotiated.  It was all purchases for a period of 24 months.

Feb 15, 2016 11:25 AM
Rainmaker
789,384
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Trying the old "Squeeze Play" with you!  Pound Sand comes to mind!!!

Feb 15, 2016 11:15 AM
Rainmaker
2,443,346
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I do not put a time limit on a referral I receive.  Sometimes it takes a while to find them the right home.  However, I would not pay multiple fees everytime the bought and sold in the future.  Two different deals.

Feb 15, 2016 10:44 AM
Ambassador
5,167,153
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's a 1-time thing unless otherwise specified. And I spell out if it is buy, or sell

Feb 15, 2016 10:42 AM
Rainmaker
1,101,059
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

1 time, 1 transaction unless otherwise agreed. And make sure it is clearly outlined on the agreement.

Feb 15, 2016 10:23 AM
Rainmaker
3,074,389
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

What did the referral form that was signed by the agents and the brokers state?

If this event wasn't "covered" - send her a coupon for a class in contract writing??!! 

Feb 15, 2016 08:35 PM
Rainmaker
3,627,422
James Dray
Fathom Realty - Bentonville, AR

What a dope that other agent is.  Referral is for a one time only transaction.  the rest of my thought I'll hold in reserve as they are not suitable in this forum..

Feb 15, 2016 07:09 PM
Rainmaker
1,153,799
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I am fairly strict on my acceptance level and all of these questions are discussed with the referring agent prior to that. Beyond that the customer interview will be the deciding factor. Where they are and where they want to be in their new market can be discouraging to many. The "forever referral" is not in my repetoire Paul! 

Feb 15, 2016 06:15 PM
Rainmaker
4,738,312
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I like things in writing.

Feb 15, 2016 04:27 PM
Rainmaker
2,538,789
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Paul. Unless otherwise agreed upon, I would pay a referral as a one time thing, but no time limit.

Feb 15, 2016 04:21 PM
Rainmaker
1,650,442
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

Only for that single transaction, unless you agreed on ''forever'' in advance. 

Feb 15, 2016 03:55 PM
Rainmaker
4,322,035
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Paul S. Henderson, REALTOR®, Broker, Tacoma Washington good question.

Usually, I think referrals should not expire - at least for the first transaction. Never had multiple transactions through a referral from another agent, yet.

I reblogged Kathleen Daniels 's post where she did not even receive referral fees for the first transaction as too much time passed as per referred agent. Not right for sure.

 

Feb 15, 2016 03:08 PM
Rainer
321,664
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

At the time they are referred. It may take a few weeks to a month. After you closed the deal I would think the future, 5 years or so... would be because they liked you. 

Feb 15, 2016 01:57 PM
Rainmaker
290,969
Allie Angeloni
Long Realty - Oro Valley, AZ

Hmmm . . .  my thought is that, that was a '1 time' Referral Fee.  You would have had to work together for her to 'earn' another '1 time' Referral Fee.  That seems so wrong on her part . . .  she would get compensation for doing 'what' this second time??  Just my .02 cents Paul S. Henderson, REALTOR®, Broker, Tacoma Washington!! 

Feb 15, 2016 12:44 PM
Rainmaker
1,713,581
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Pretty much one sale only. I have done a few extensions on investors.

Feb 15, 2016 11:40 AM
Rainmaker
5,199,702
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I never did before but going to now

Feb 15, 2016 10:14 AM
Ambassador
3,763,935
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Boy!  This is a tough one.  I remember an old broker telling me that a referral fee was owed only on the first transaction.  But if I felt that the referee had a close connection with that first agent, I might offer to send them something. 

Feb 15, 2016 10:11 AM
Rainmaker
5,312,494
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

The subject has actually never come up for me. Our referral agreements are written for a specific transaction. I don't believe you "owe" forever and I don't believe I'm "owed" forever.

Feb 15, 2016 08:33 PM
Ambassador
2,575,306
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Our referrals don't have an end date and they are for one deal. If the buyer or seller wants to work with me a second (or third) time, they want to work with me because I did a great job the first time. 

Feb 15, 2016 08:21 PM
Rainmaker
1,292,002
Peter Mohylsky,
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

You done good.  I would have done the same.

Feb 15, 2016 07:57 PM
Rainmaker
2,759,862
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Paul S. Henderson, REALTOR®, Broker, Tacoma Washington . As an ancillary service provider, I can never take anything for granted.

Feb 15, 2016 05:07 PM
Rainmaker
1,619,531
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

One & done with me. I have sent fees to agents that forgot they referred me; I'm ethical that way. But all future business is a result of my efforts, not the original referring agent. That agent was out of line for wanting more.

Feb 15, 2016 11:07 PM
Rainmaker
4,434,227
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I have not thought of it and do not expect referral fees after the first transaction.

Feb 15, 2016 10:29 PM
Rainmaker
8,151,265
Roy Kelley
Retired - Gaithersburg, MD

I depends on your agreement with the other agent.

Feb 15, 2016 10:25 PM
Rainmaker
1,751,737
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

One sale, or no go!~

Feb 15, 2016 09:56 PM
Rainmaker
5,483,845
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

One and done unless there are unusual circumstances!

Feb 15, 2016 09:06 PM
Rainmaker
2,249,294
Michael J. Perry
Fathom Realty - Lancaster, PA
Lancaster, PA Relo Specialist

This should all be worked out when sending a referral

Feb 15, 2016 08:54 PM
Rainmaker
1,683,918
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

We get multiple referrals from our past clients.  it is good forever.

Feb 15, 2016 11:41 AM
Ambassador
6,687,332
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Tough to enforce forever.

May 19, 2019 09:11 PM
Rainmaker
979,796
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Paul - I would not expect a referral fee four years later? My opinion is that the referral would be for that first particular transaction, unless otherwise stated.

Feb 17, 2016 12:20 PM
Rainmaker
3,986,473
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

No time limit on the initial sale but one sale only

Feb 16, 2016 12:38 PM
Rainmaker
1,538,464
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Unless in writing otherwise, I think the referal is a point in time deal.  It is for introducing the client to the agent.  Subsequent transactions are based upon your service to the client and should not be subject to a referral fee.  Maybe a thank you card and a small gift, but no fee.

Feb 16, 2016 10:58 AM
Rainmaker
5,774,100
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Paul,

You only get paid a referral fee, once...A

Feb 16, 2016 05:59 AM
Rainmaker
634,582
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Yes, usually 12 months and good for all sales in that period only.

Feb 16, 2016 12:56 AM
Rainmaker
5,584,639
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that referral was a one shot deal....it's not perpetual care like the cemetery.... 

Feb 15, 2016 11:16 PM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Paul S. Henderson, REALTOR®, Broker, Tacoma Washington A referral is only good for the one transaction unless there is a prior agreement in place to share all referrals. Looks like you may have to add a one transaction statement in your referral agreement to make it clear.

Feb 15, 2016 10:44 PM