Spam prevention
Rainmaker
5,506,388
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Disclosure is a good business practice.

Jun 29, 2017 08:14 AM
Ambassador
3,444,702
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes, we are required to disclose that to buyers and sellers in both North and South Carolina.

Jun 29, 2017 07:21 AM
Rainmaker
1,559,320
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

We are obligated to disclose

Jun 29, 2017 09:02 AM
Rainmaker
1,384,127
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Kathleen Daniels Yes, I tell the client I was referred to them  and I mention the agent's name. I also tell them the refering agent will receive a portion of the fee.

Jun 29, 2017 08:56 AM
Rainmaker
547,407
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Depends.

Is the consumer really a "client" that you owe fiduciary duties to?

Or are they simply an arms length customer?

Are you in a current transaction with this person?

Or has it been years since you worked with them?

Are you making money on an affiliate that you recommended to them?

Or are you merely passing their name along?

Too many unknowns...

Eve

 

 

 

Jun 29, 2017 08:48 AM
Ambassador
1,614,090
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

no thank the agent

Jun 29, 2017 08:44 AM
Rainmaker
5,120,087
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

when I was active and sent a referral to an agent to assist my client, I would ask the agent to take my fee off the commission to be paid to him/her and have the seller credit it to my client (buyer) on their purchase....no one pays tax on it...it's a clean deal.... and I always used that as a thank you to the client for listing with me....

Jun 29, 2017 08:10 AM
Rainmaker
3,127,815
Richard Weeks
Dallas, TX
REALTOR®, Broker

In Texas we would be required to disclose to all parties.

Jun 29, 2017 07:27 AM
Ambassador
4,370,864
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It would be the honest thing to do, in our forestry profession we are not allowed to pay or receive payment for a referral due to the ethical ramifications of this.

But in our real estate dealings we are allowed to, but I still believe that these should be handled as ethically and honestly as possible.

 

Jun 29, 2017 10:00 AM
Ambassador
2,363,990
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Yes.  

I want to be upfront with the people I deal with.

* In Florida, disclosure is not mandatory, unless a Broker receives a commission/fee from two different parties.   However, some Brokers instruct the title closer to pay the referral fee directly to the other Broker... in that situation the fee will be disclosed on the CD or HUD-1.

 

Jun 29, 2017 09:24 AM
Rainmaker
3,212,969
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Yes.

Jun 29, 2017 09:06 AM
Rainmaker
1,659,142
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I have not Kathleen Daniels  but then again I don't remember paying for or selling a lead.

Jun 29, 2017 08:52 AM
Rainer
59,896
Coal Infantino
Coldwell Banker - York, PA
Realtor specializing in south central PA

I do not make it a point to tell them, but if they ask then I explain the referral process

Jun 29, 2017 08:35 AM
Ambassador
4,069,835
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Depends on the circumstances

Jun 29, 2017 07:44 AM
Rainmaker
3,365,862
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I have always told people I am referring that I will be paid a portion of the fee.

Jun 29, 2017 07:43 AM
Rainmaker
365,135
Jill Murty, Realtor - Orange County, CA
PREA Realty - Laguna Niguel, CA

I don't come out with it, but if asked, I'd certainly tell. 

Jun 29, 2017 07:39 AM
Rainmaker
2,485,230
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I have done it both ways and also found it is subjective. If it bothers you, disclose and if it doesnt, make sure all goes well best you can

Jun 29, 2017 07:33 AM
Rainmaker
4,573,453
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kathleen,

We have every time.  In the interest of transparency and disclosure, we felt it was wise for us to do so.  We referred our Intellectual property attorney, and he appreciated that we told him,  We just feel better doing that.  A

Jun 29, 2017 07:22 AM
Rainmaker
1,263,342
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No, it's none of their business.

Jun 30, 2017 05:17 PM
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Most of the time I do.  

Jun 30, 2017 05:38 AM
Rainmaker
3,054,229
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Harry F. D'Elia nailed this one!

Jun 30, 2017 05:05 AM
Rainmaker
1,846,699
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Sometimes

Jun 30, 2017 05:02 AM
Ambassador
4,301,228
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Kathleen Daniels - it always 'pays' to be transparent, isn't it?

Jun 29, 2017 10:01 PM
Ambassador
3,983,717
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I make it part of the conversation. I am not ashamed and glad to let them know there is cooperation across the states.

Jun 29, 2017 07:42 PM
Ambassador
1,665,822
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

When I send out a referral, from which I will receive a referral fee, I typically tell the client being referred that I will be receiving a fee for setting them up with the new agent.

I also tell them they can call me, if it's not a good fit, and they need to be reassigned.  But I've never had to make good on that offer.

Jun 29, 2017 05:24 PM
Rainmaker
1,500,682
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I'd buy s small gift card and write a thank you note with my appreciation. The accent is not on ''paid'' but on referral, even if it never works out. 

Jun 29, 2017 04:04 PM
Rainmaker
529,540
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Yes, and I would have it be paid out of escrow, that way the client has full disclosure.

Jun 29, 2017 11:21 AM
Ambassador
1,656,071
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Yes I do.

Jun 29, 2017 09:50 AM
Rainmaker
3,051,152
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Yes it is part of the disclosure

Jun 29, 2017 09:40 AM
Rainmaker
3,983,713
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Always

Jun 30, 2017 10:56 PM