Real Estate Forums

Las Vegas Real Estate · 10-18-2005, 04:03 PM

What do you typically charge or receive for a referral fee?

Las Vegas Homes · 10-18-2005, 04:24 PM

I have done all types of referrals just depending on who the other agent is, but the most common in my area, is 25%. Once again, I have done 30% and I have done 10%, it simply depends on the circumstance!

REMAX LV · 10-19-2005, 03:02 PM

Yes, here in the Las Vegas real estate market, 25% seems to be standard. You could always try 20% or 30%, but 25% is typically the median!

San Diego Homes & Condos · 10-21-2005, 02:36 PM

Seems like it could vary anywhere seems to be around 20-30% around these parts depending on the circumstance.

phoenix06007 · 09-25-2008, 12:18 AM

most of them seems 25%.The person you should be asking is your broker, not us. Your broker may have a set policy regarding referrals, but also watch out for internet scam artists that say they are referral agents. End up wanting alot of money, not worth it from everything I have researched/found. But a referral from another agent is great way to do business!

minneapolis-real-estate · 09-26-2008, 10:01 AM

In most real estate markets, 25% seems pretty standard for a referral fee. Here in Minneapolis, we generally charge 25%. However, I have seen some real estate agents who even charge a higher amount up to 35%.

I hope this helps!

Laurie Dolph · 11-26-2008, 01:14 AM

Referral fees on residential mortgages are a violation of RESPA. You will lose your license if you do it. Building referral relationships with realtors and builders is not a violation of RESPA, because even if you become the preferred broker in those relationships, the customer still has the option to go to someone else. You can take a realtor to lunch on Fridays, but you cannot do it under the pretense of a quid pro quo. Your referral has to be done separately from the relationship building.