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Ambassador
4,316,065
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

None of  them are worth Annette Lawrence , Palm Harbor, FL 727-420-4041 . 35% fees for never met!

I'm happy with my personal referrals never ending stream....thanks to Buffini & Company .

Dec 22, 2015 02:33 PM
Rainmaker
614,585
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Annette,
I consider the source. AR member, or may be future business, ok.

But 35% is too high.

 

Most of those questions I wouldn’t mess with.

Dec 22, 2015 07:45 AM
Rainmaker
1,424,950
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

They're all in competition for lowest ranking.  35% is pretty steep and the citizen demanding it?  Don't even get me started on the legality of sharing your commission with an unlicensed person!

Dec 22, 2015 03:18 AM
Rainmaker
1,667,326
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Took the survey. I was obviously a 'Fishing expedition' by a referral sourcing company.

Dec 22, 2015 02:14 AM
Ambassador
5,698,644
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I have never paid a referral fee, nor asked for one.  Doing so would get me promptly ejected from our professional organization.

But I do look for opportunities whenever possible to pass on a referral to help out others.

Dec 22, 2015 01:18 AM
Rainmaker
2,506,618
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Annette. Past clients referrals is slightly over 40% of my practice and referral partners would be 30%, the rest comes from my blogging efforts.

Dec 22, 2015 06:11 PM
Rainmaker
6,966,308
Roy Kelley
Retired - Gaithersburg, MD

I do not value or rank these sources.

Dec 22, 2015 06:26 AM
Rainmaker
4,799,651
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I wouldn't be interested in any referral with a 35% referral fee.

Dec 22, 2015 03:53 AM
Rainmaker
2,051,255
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I actually love referrals and see them as Manna from Heaven . It is very rare that I would have interacted with the Lead (w/ out having been referred).

Dec 22, 2015 02:42 AM
Rainmaker
212,705
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Very interesting to see those results, great survey!

Dec 22, 2015 02:24 AM
Rainer
150,216
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Very interesting, and my answers follow the trend in some regards, but not all.

Dec 22, 2015 01:22 AM
Rainer
91,155
Val Evans
Scottsdale, AZ

Wow! A 35% referral fee is now the norm. Awesome!

Dec 22, 2015 01:07 AM
Rainmaker
598,080
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

I rank them by effort and expense versus reward just like I would a marketing campaign. And the ranking changes as does marketing

Dec 22, 2015 01:00 AM
Rainmaker
938,355
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Ooo. No, no, no, no, no and no. I paid 35% ONCE, to a bigbigbig intl CRE brokerage referring me a bigbigbig national client. I knew I wanted both of them and it was worth it on the next deals which did not require a referral fee at all. But no to the rest. I was able to click through to the results. Interesting!

Dec 22, 2015 02:26 AM