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A fee paid to agent to refer a buyer or seller. For example, an agent may have a buyer moving to another state, that agent sets up a referral agreement with another agent in the town the buyer is moving to. If the buyer buys a home through that agent then the referring agent gets a percentage of the commission usually 1/4 of the commission paid to the selling agent. George www.landincorporated.com Thats George at http://www.landincorporated.com

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17y ago

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Related Questions

Can a contractor pay a referral fee to a realtor?

Yes, the realtor is required to disclose to the client that the realtor is receiving a fee.


Where can someone find a realtor to sell a house?

The best way to find a realtor to sell a house is to ask friends for a referral. Barring that, one can check their local newspaper real estate ads, or search a website such as Realtor to find a realtor in the area one is interested in.


Is Realtor.CA a place to find a realtor in the state of California?

No. Realtor.CA is a real estate listing service for Canadian properties. An online search using the words "California realtor" will provide an abundance of information and referral options.


How much money does a realtor typically cost for their services?

A realtor typically charges a commission fee, which is usually around 5-6 of the final sale price of a property.


Where can you find the average association or maintenance fee for condos in New Jersey?

A local realtor can answer your question.


Do Lenders pay a referral fee to a Real Estate Broker for referrals?

No, lenders are not permitted to pay referral fees to real estate brokers. It would be a violation of RESPA.


4 bed room condo on long island ny for rent no broker fee?

A local realtor can answer your question.


Where can I list my Apartment for rent?

Any realtor can list your apartment for rent. They will also manage all the transactions, evictions, background investigations, etc. This, or course, is all done for a fee. Check with your local realtor.


What rate can I get for refinancing my home Have good FICA and good credit.?

Ask for a mortgage loan officer referral from your realtor or banker in your area. They will be your best source of refi info.


Can a Florida real estate broker pay referal fee to out of state real estate brokers?

Yes, a Florida real estate broker can pay referral fees to out-of-state real estate brokers, provided that the out-of-state broker is properly licensed in their respective state. The referral fee must comply with Florida's real estate laws and regulations, including the requirement that the fee is paid for a legitimate referral and that the Florida broker handles the transaction. It's advisable for brokers to ensure they understand and adhere to the legalities in both states involved.


Are you obligated to pay your realtor a fee if you buy a home for sale by owner?

Yes, if the agent is a Buyers agent and you have a signed contract with the agent.


How much cost a realtor license?

For a real estate salesperson license in California the following costs incur: fingerprint free 65$, examination fee 60$ and license fee 245$ which is a total sum of 370$.

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