Real Estate Forums

RealtyMark · 05-16-2007, 04:50 PM

Now clear me up on this, are referrals something I'd be expected to pay someone for and in turn be paid for?

San Diego Real Estate · 05-16-2007, 10:41 PM

RealtyMark...

Can you elaborate...please...Paying for referrals

Texas Real Estate Agent · 05-22-2007, 04:26 PM

RealtyMark, just a note about referrals from the North Texas area, allot of our clients are relocation clients and we have to pay referral fee's to the relo companies. This keeps the cost to the client down as the relo company pays most of their closing costs. It's kind of a pain but mostly are solid well established clients with excellent financing in place.

Mert · 05-23-2007, 04:08 PM

Well yea, most relocation companies have corporate clients who happen to have good paid employees with good credits. If you do your job as an agent, the money is less but client is guaranteed.

AlexandraEP · 06-15-2007, 09:01 PM

Different strokes for different folks would be my answer. If your clients are truly satisfied with your services then they should be happy to pass on the message to their contacts. However, this is very difficult to predict or track.

However, other real estate professionals may choose to pay a fee or percentage to other real estate professionals or businesses to get clients coming their way. This will cost you but it will also allow you to predict your clients and determine where you're getting the most of your referrals from (Which you should keep track of).

An example of the above would be you going to a series of mortgage brokers and offering them 5% of your total commission for sending clients your way.