Admin
Val Evans

Answers

Rainer
425,993
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

I do a great deal of mortgages on purchases here with Canadians. Their monetary system is similar with checking and savings but they get a mortgage like it was here prior to 2007 (easy). Couple commons threads I see: Canadians don't like to give up the mountain of paperwork required to get a loan in the US (who does?). Canadians must be notarized by a US notary and that requires either flying to the US to sign,  making an appointment at a US embassy and waiting in line, or finding an American notary with US book and jurat... They can wire funds to a US escrow - they go to their bank a convert the funds to US dollars and wire. They can open US checking accounts with an ITIN number  (The IRS issues ITIN numbers to them with about  2 week  turn time. Their court system is different than our real estate law. Canadians have a fear of US court systems and think we are  all suing each other. There are a number of Northern neighbor gurus who sell classes , books, seminars on how to get rich buying US investment properties - some  are awful. // US resident buying in Canada (I've bought once) -  abide  by their system. Canada is  user friendly

Nov 10, 2015 03:16 AM
Rainmaker
1,598,602
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great question and answers.

Nov 04, 2019 07:15 PM
Ambassador
6,942,758
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Sometimes referrals are about finding a good agent rather than just selling a lead.

Feb 02, 2019 11:06 PM
Rainmaker
1,675,582
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

I never had a chance, but I'm curious how do you actually handle referral fees. Any different than inside States? 

Nov 10, 2015 04:09 PM
Rainmaker
2,236,146
Debbie Laity
CinaJones Real Estate - Cedaredge, CO
Your Real Estate Resource for Delta County

I haven't had the opportunity to do a referral with anyone from Canada yet. I look forward to having that opportunity someday. 

Nov 10, 2015 01:07 PM
Ambassador
3,240,197
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I had one set of buyers from Canada, but they were not selling their home there. So I never had the occassion.

Nov 10, 2015 12:10 PM
Rainmaker
2,482,481
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

If anyone needs a realtor in the DC metro area - I volunteer to be that person! 

Nov 10, 2015 09:50 AM
Rainmaker
979,801
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Val - This is a really good question, since we seem to get lots of Canadians buying second homes here. However, I have never given or received a Canadian referral, so I would rely on my broker for the correct answer.

Nov 10, 2015 08:42 AM
Rainmaker
8,421,133
Roy Kelley
Retired - Gaithersburg, MD

I have never received referrals from our Canadian friends and I have never sent any referrals to them.

Nov 10, 2015 06:22 AM
Rainmaker
292,785
Jack Lewitz
Exit Strategy Realty - Evanston, IL

Val. Real Estate agents can refer buyers and sellers but from what I see is you are not licensed so you are able to give referrals but are not allowed to receive any compensation in terms of a commission.

Nov 10, 2015 04:23 AM
Rainmaker
1,525,666
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I would defer to my broker/manager with that question.

Nov 10, 2015 04:02 AM
Rainmaker
4,273,381
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have only had one and it went as promised, easy...

Nov 10, 2015 04:01 AM