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06-10-2005, 03:37 PM
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#1 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Apr 2005
Posts: 1,051
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Higher than Normal
Although I know that the standard referral fee is 25%, what do you do when another agent asks for more? Should you simply say no and lose the referral or negotiate with them?
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06-11-2005, 02:16 PM
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#2 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Apr 2005
Posts: 1,003
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I go case by case. If you know the person and they want 30% or another pre-arranged amount, that is one thing. But, I would not suggest negotiating with outside referral too much, becasue then it takes RE back to everyting being discounted, etc. However, I think that most agents are happy with 25% becasue it's a fair number.
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06-11-2005, 03:13 PM
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#3 (permalink)
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Status: Valued Member
Join Date: Apr 2005
Location: Oak Lawn, IL, a suburb of Chicago
Posts: 120
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I would never personally say no, especially if it seems like a decent referral. I would at least try to negotiate if I thought it was an unfair fee.
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06-14-2005, 11:16 PM
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#4 (permalink)
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Status: Moderator
Join Date: May 2005
Location: Portland, OR
Posts: 477
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I look at the kind of deal we're talking about. If it's an $700 deal or above, we can talk. A 200k deal with a picky client, well, I'll have to think twice.
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06-21-2005, 09:33 PM
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#5 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Apr 2005
Posts: 1,124
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You could negotiate to a point, and make sure to have a bottom line.
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