Adele Langdon,  Exclusive Realty Inc.

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Rainmaker
597,069
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

As always Jill Murty, Realtor - Orange County, CA is spot on. Especially about the right fit. 

Mar 07, 2016 07:41 AM
Rainer
45,807
Andy Madrid
Hawaii Coast Realty, LLC - Kailua-Kona, HI
Expertise, Professionalism, and Service

Well my brokerage has a set rate for incoming and outgoing referrals so that makes it easy. I have referred business out that wasn't through the office and I make a jusdgement call.  Once I felt bad for an agent who had been helping her buyers look for a home and they kept getting priced out of the market - for 4 years.  So she convinced them to look in another area that she wasn't familair with and asked me to help them.  First day out, second house we saw they made an offer and we closed.  I gave the agent 30% because she had worked for so long to help them.

Mar 07, 2016 05:08 AM
Rainmaker
1,456,727
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Adele Langdon Since everything is negotiable, I would go with your company's standard referral fee and go from there.

Mar 07, 2016 02:43 AM
Rainmaker
393,924
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

You and the agent who will be potentially receiving the referral should chat about it and come to an agreement.  

The agent receiving the referral will probably invest a lot of time and money into marketing the property.  They never would have had the chance to do that but for you.  Realtors negotiate, so do that.  

First and foremost, make sure that the realtor receiving the referral is a good fit for your client.   

Mar 07, 2016 02:33 AM
Rainmaker
1,715,027
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Maybe a good question to ask yourself is what would you think reasonable if someone handed you a 2 million dollar listing and ask you to set the referral fee.  

Mar 07, 2016 02:03 AM
Ambassador
5,357,189
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

A nice commision, good for the referer and the referee.

Jun 05, 2019 09:52 PM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Jill Murty nailed this one!

Mar 13, 2017 04:30 AM
Ambassador
1,771,405
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Whatever you can get. Remember who is doing most of the leg work. Over a Mil is 20%

Mar 08, 2016 12:12 PM
Rainmaker
513,524
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

If it's open for bids, let's talk. ;)  

It's all about what you and the other agent feel is reasonable and appropriate.  They will be doing the work, I'd want to ensure they were highly skilled, competent and experienced at or near this level.  Keep your clients interests first and you'll come out fine.  Put your intrerests first and you may lose everything. 

Mar 08, 2016 03:23 AM
Rainmaker
6,540,549
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

25% is typical in our area.

Mar 07, 2016 10:05 PM
Rainmaker
4,156,948
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The normal referral fee in your area!

Mar 07, 2016 09:04 PM
Rainmaker
1,514,105
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

If you ever have a client for my area, I'd go up to 40%( with no refunds to a client).

Just say a word:)

Mar 07, 2016 05:57 PM
Rainer
3,375
Donna Ciccarelli
HomeCity Real Estate - Austin, TX
Residential,Farm&Ranch,New Construction,Land in TX

30%

Mar 07, 2016 10:48 AM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I would talk with the right agent about it and not be afraid to ask what is fair in the marketplace.

Mar 07, 2016 10:23 AM
Rainmaker
3,427,302
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Adele Langdon Referral fees mostly are negotiable.

Mar 07, 2016 08:22 AM
Rainmaker
1,380,283
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I agree with Jill, the two of you should talk it out using your office's guidelines to start.

Mar 07, 2016 07:49 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

25%

Mar 07, 2016 06:42 AM
Rainmaker
1,525,205
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I would ask for 25% unless your company is taking some off the top and then I'd ask for 30%.  You don't know if you don't ask.

Mar 07, 2016 05:48 AM
Rainmaker
1,149,009
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

25-30% of total listing comm.

Mar 07, 2016 05:48 AM
Rainmaker
1,212,246
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

The referral fee is important, but it is more important that the property gets marketed properly and results in an ultimate sale and your friend gets the absolute best service possible.  Finding the right agent is #1 in my opinion.  

Mar 07, 2016 05:02 AM
Rainmaker
1,635,442
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Whatever both sides agree upon.

Mar 07, 2016 04:24 AM
Rainmaker
5,524,500
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I think that Carol Williams gave you the perfect answer.  Nice to hear from you Adele, and we wish you a great March!  A

Mar 07, 2016 04:04 AM
Rainmaker
48,897
Adele Langdon
Los Angeles, CA
Exclusive Realty Inc.

Thank you all such great comments!

Mar 07, 2016 03:24 AM
Rainmaker
3,995,106
Richard Weeks
Dallas, TX
REALTOR®, Broker

I think it would depend on what % commission is being charged.

Mar 07, 2016 03:13 AM
Ambassador
2,563,831
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Shop around for different brokers.  Ask them what they are willing to pay you for the referral. 

Mar 07, 2016 03:12 AM
Rainmaker
1,104,614
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Although I am not good at the balancing act when it comes to referrals you should ask yourself what you'd expect to be compensated if the roles were reversed.

Mar 07, 2016 02:57 AM
Rainmaker
845,920
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I would gladly pay 20% for a referral like that.

Mar 07, 2016 02:44 AM
Rainmaker
426,164
Bill Dandridge
MKB, Realtors - Roanoke, VA
GREEN, ABR, GRI, EcoBroker

10%

Mar 07, 2016 02:42 AM
Rainmaker
1,397,958
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

What would you expect to pay in a similar situation and go from there.

Mar 07, 2016 02:29 AM
Ambassador
4,557,465
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Seems that referral fees are often 25% but that varies from agent to agent and probably less for higher end homes

Mar 07, 2016 02:22 AM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Good question I how much would you like to see

Mar 07, 2016 02:11 AM
Rainmaker
2,634,031
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Keep it low/reasonable so that they see you as part of the solution. If you do any type of work or assistance, raise accordingly. In fact, offer services perhaps even co-list for a nice bite...Watch the greed (yours not theirs)

Mar 07, 2016 01:49 AM