Anonymous

Spam prevention
Rainmaker
4,553,278
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I can't believe anyone is going to refer a client to an anonymous agent. Lucky attempt. 

Nov 23, 2018 07:31 PM
Rainmaker
2,373,166
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Something or nothing.... let me think about it duh! 

Nov 23, 2018 07:20 PM
Ambassador
2,679,149
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   Depends.   If they are buying a low-priced vacant lot, not happening.  If they are buying a median price or higher single family house, let's talk.

   BTW, an agent needs to refer Buyers to me through their Broker, and I can only pay referral fees, commissions, or splits to a licensed Real Estate Broker.

Nov 23, 2018 07:12 PM
Ambassador
5,202,090
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I say, if you're an agent, let's talk! 

Otherwise, there are no referral fees!

Nov 23, 2018 09:44 PM
Rainmaker
4,423,750
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Depends what the price point and what your business model it, with that said 70% of something is better than 100 % of nothing, just a thought...Endre

Nov 23, 2018 09:32 PM
Rainmaker
5,096,266
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It depends. But at the end of the day, 70% of something is still something.

Nov 24, 2018 03:53 AM
Rainmaker
1,498,148
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

30% of something is better than 100% of nothing.

Nov 23, 2018 10:19 PM
Rainmaker
519,324
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

If they have already chosen a home and just need someone to write the offer and manage the transaction, I would say fine. If they are all over the map in their wish list and location, have little or no preparation and need a lot of hand holding, we'd discuss the situation and see what we could work out. 

Nov 23, 2018 09:16 PM
Ambassador
3,159,919
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Depends... when are they buying and what are they buying

Nov 23, 2018 08:57 PM
Rainmaker
908,608
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

25-30% is common.

Nov 24, 2018 05:35 AM
Rainmaker
1,535,083
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Depends.  The referring agent must realize I am taking on all the risk.  Truly, for me, depends on the price.

Nov 24, 2018 05:22 AM
Rainmaker
718,388
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

So many variables and the most important would be their urgency and how soon they are wanting to begin.  It is critical to carefully interview the referring agent and we check with their state licensing bureau to first make sure they have an active real estate license in their state before anything would potentially happen. 

Nov 24, 2018 04:25 AM
Rainmaker
4,851,560
Richard Weeks
Dallas, TX
REALTOR®, Broker

In life you don't get what  you deserve, you get what  you negotiate.

Nov 24, 2018 04:13 AM
Ambassador
5,032,646
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Depends on the situation.

Nov 23, 2018 10:26 PM
Rainmaker
1,046,434
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I think you're possibly doing the one thing we hate the public to do. Focusing primarily on the price tag. Take that figure out of it completely. Now. Do you want this referral?

Nov 24, 2018 06:26 AM
Rainmaker
556,286
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

I will pay 30% in marketing to get that lead before i pay a 30% referral fee. The marketing will have a residual effect while the referral fee just goes away.

Nov 24, 2018 06:17 AM
Rainmaker
1,183,326
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Everything is negotiable.

Nov 24, 2018 03:13 AM
Ambassador
2,415,715
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

If the buyer is someone I can help and the agent wasn't flexible about the fee amount, I'd agree.

Nov 24, 2018 02:36 AM
Ambassador
6,353,321
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Getting greedy with your referrals is a good way to find referral partners who are not busy for a reason.

I am not one of those.

Nov 23, 2018 11:00 PM
Rainmaker
1,088,137
Diana Zaccaro Broker Associate
Tropical Beachside - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

There is not enough information to answer your question...too many variables. And why do you have to ask this anonymously?

 

Nov 23, 2018 07:57 PM
Rainmaker
1,189,102
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

I rather see a 20% - 25% referral fee

Nov 24, 2018 08:02 AM
Ambassador
3,339,049
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

As others have stated, it truly does depend ... on many things. We all have business decisions to make based on our business model. 

Nov 24, 2018 07:47 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It depends on how much work it will be. Buyers can be a ton of work and can also be a slam dunk. I may try to negotiate. I also like to talk to the buyer and see how much work it could be

Nov 24, 2018 07:00 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

It depends, and memorize Fred Griffin 's BTW.  A

Nov 24, 2018 06:58 AM
Rainmaker
5,191,597
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Fees are negotiable. Circumstances can change one's mind! 

Nov 24, 2018 05:57 AM
Rainmaker
2,775,611
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Subjective...Many things to consider. Paying the fee is not important as much as can this job get done? How? When? etc

Nov 24, 2018 05:43 AM
Rainmaker
706,832
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We have accepted 30% referral fees, but also 25% and 20%.  Anything higher than 30% is too much, in my opinion.  But if that client takes a lot of work to get them in contract, 30% seems too high as well.

Nov 24, 2018 05:35 AM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Agree

Nov 24, 2018 12:42 PM
Ambassador
3,382,984
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

I've accepted clients for various fees.  10% to 50%.  It depends on the situation.  30% is not out of the norm.  In fact, I regularly pay a 30% referral to an agent on referral status that religiously refers her family and friends to me.  When you consider relocation companies charge up to 45% or beyond, what's the big deal?  If you wouldn't have the business without the referral, it's money well spent in my book.

Nov 24, 2018 09:02 AM
Ambassador
3,097,118
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Not unreasonable to start a referral relationship. I have done it a lot and will again

Nov 24, 2018 08:54 AM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

We've offered 30% before and yes we've taken it (but we've never asked for it on an outgoing referral). 20-30% is in the realm of reasonable to me. We usually give and take 25% these days, but if we want the referral we'd certainly take 30%. -Kasey

Nov 24, 2018 07:32 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Why not 50%?

Or offer them $250 right now for the lead, whether it closes or not.

Or, trust your system and process and generate you own productive farm.

Or, start down the road of experience education and pay. After all 100% of nothing is not a good business model.

I would likely start with, "How do you know this person?"

Nov 24, 2018 05:58 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It depends on the amount of preparation this agent has done with these folks.

Nov 24, 2018 05:54 AM
Rainmaker
1,529,764
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

25% is standard, 30% is a conversation.

Nov 24, 2018 10:24 AM
Rainmaker
1,749,754
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

It really is a case by case. If the buyer was looking 50 miles from my office, I'd probably turn it down and refer them to someone closer. If it's a simple deal, I'd likely do it. If it's going to be a six month deal, probably not. 

Nov 24, 2018 09:07 AM
Rainmaker
755,805
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

it depends. 

Nov 24, 2018 09:06 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

agents who have little or no business should thank that agent along with giving 30%....  how could anyone say no if they have nothing???????????????

prima donna...

Nov 24, 2018 12:43 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You should make a business decision based on many factors

Nov 24, 2018 12:03 PM
Rainmaker
4,134,653
John Pusa
Glendale, CA

Many good responses.

Nov 24, 2018 09:23 AM
Rainmaker
897,818
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's up to you if you think it's worth it. Remember, 70% of something is better than 100% of nothing...

Nov 24, 2018 09:19 AM
Rainmaker
715,949
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

It's all up to you.

Nov 24, 2018 09:08 AM
Rainmaker
7,788,323
Roy Kelley
Retired - Gaithersburg, MD

It would depend upon the circumstances, price range, etc.

Nov 24, 2018 08:52 AM
Rainer
341,353
Ron Tissier
Chapman Hall Premier Realtors (404) 580-9069 - Atlanta, GA
Defining Homes. Defining Lifestyles.

Take it!

Cheers!

Dec 23, 2018 07:55 AM
Rainmaker
4,898,985
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Uo to you to decide.

 

Nov 29, 2018 11:02 AM
Rainmaker
979,396
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Why not? I think if someone is giving you a lead, you should take the referral. More often than not, they know what they want, and the transactions run smoother and take less time. I would not mind giving 30% of my commission to the agent who sent me a referral.

Nov 28, 2018 10:47 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

There are many variables son this

Nov 28, 2018 05:23 PM
Rainmaker
1,351,224
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Luxury Homes & Interior Designer

I do not discuss commissions here. 

Nov 25, 2018 10:48 PM
Rainmaker
1,294,461
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I recently accepted a referral lisitng for 30% to the referring agent. Would I rather pay less...sure. Have I paid more...maybe.

Nov 25, 2018 06:11 PM
Rainmaker
1,722,726
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

We do not discuss commissions here

Nov 25, 2018 08:13 AM