Through my business I am getting a steady stream of quality seller leads that I am referring to real estate agents. But because I am not a licensed real estate agent I have been told I cannot be paid for a referral.
Is this correct?
And due to my business I cannot become an agent.
So I'm wondering, is there another way to receive a referral for introducing sellers to real estate agents?
FYI: 20% referral fee on an agents commission of 2% for a successful referral is considered normal between agents. So in this example, on a $500,000 property sale the referral fee would be $2,000.
Is this correct?
And due to my business I cannot become an agent.
So I'm wondering, is there another way to receive a referral for introducing sellers to real estate agents?
FYI: 20% referral fee on an agents commission of 2% for a successful referral is considered normal between agents. So in this example, on a $500,000 property sale the referral fee would be $2,000.