Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce  (EXP Realty 414-525-0563)

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Rainmaker
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Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

On what grounds would you pull the referral?  

1.  that the agent is smart and does not want to waste their time?

2.  that you might just actually get paid?

A referral agreement is a contract for another agent to find the buyer a property...it is not an invitation to tell the agent how to run their business...

Eve

Nov 12, 2015 05:21 AM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I expect my referral form back immediately. If that's not their plan, I don't do business with them.

Nov 12, 2015 11:49 AM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

No I do not hold them and if I agree to the referral I will sign and send it on. I do immediately contact the buyer to try to get the buyer rep signed. If they refuse I would cancel the referral agreement. I do not work with referrals without one.

Nov 12, 2015 09:44 AM
Rainmaker
586,107
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

That makes a lot of sense to me to make sure my brokerage had a firm client relationship before signing the referral. How often have there been referrals wihout a clear understanding with the buyer. They haven't met and there is no agreement in place for the buyer not to go to another agent.

Nov 12, 2015 07:16 AM
Rainmaker
1,429,391
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

A referral is from us to another generally out of our area and the contract should be signed before the contacts name is given.

As the Buyer's Contract it is a separate activity to have better control and should not hold the referral agreement up.

 

Nov 12, 2015 05:28 AM
Rainmaker
3,070,584
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

The referral form would be signed and returned - however - I would let them know in advance of the referral that they should advise the person they are referring that a Buyer Broker Agreement will be part of working with us.

Nov 12, 2015 11:26 PM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Sally K. & David L. Hanson I agree, they are two separate agreements. It's the client's decision as to whether they want to sign the BBA. Having said that, in my State BBA's are mandatory.

Nov 12, 2015 10:21 PM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

I would pull it in a second.

Nov 12, 2015 09:45 PM
Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I agree. 

Nov 12, 2015 09:11 PM
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Sally. Enjoyed reading some of the answers, thanks for asking the question. on the mortgage side, there is no payments for any referrals.

Nov 12, 2015 05:46 PM
Rainmaker
2,759,637
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Friday morning Sally and David. I wish I had a good answer for you. Perhaps when I get my real estate license.

Nov 12, 2015 05:27 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sally K. & David L. Hanson the referral agreement is between two brokers/agents.

If the referred agent has some standards and work with buyers only if buyer's sign agreement, it's their choice.

If they don't decide to work together when buyers are uncomfortable because of this, you can always refer them to someone - however, you can explain them the benefits of working with one agent and commit.

Nov 12, 2015 02:25 PM
Rainmaker
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Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I agree with you that they are two separate issues.

Nov 12, 2015 12:55 PM
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Sally & David, this is very good question.

Nov 12, 2015 12:33 PM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Chasing down a signature is a pet peeve. There's another thread where unpaid referrals seem to be a common arbitration issue. Is it any wonder we worry? It will impact future referrals, so we sign IMMEDIATELY if we think we have a shot. If we're wrong . . . return to sender.

Nov 12, 2015 12:04 PM
Rainmaker
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I have never run into this, ever.

Nov 12, 2015 11:32 AM
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Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

I'm not sure why, if the buyer doesn't sign it, then we give the referral to someone else. 

Nov 12, 2015 09:03 AM
Rainmaker
634,332
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I'd contact my buyer and see if they have any issue with signing the agreement. If they do I would pull the referral.

Nov 12, 2015 06:55 AM
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have seen so many referring agent send a referral to 2 to 3 agents. I would feel better with a BBA...

Nov 12, 2015 06:40 AM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I most certainly would, if I could do so elegantly.

Without exception that referral channel will be nailed shut.

I understand the thinking....but this broker has revealed their nutty side.

Nov 12, 2015 05:06 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I think I would...I agree, two separate contracts

Nov 12, 2015 04:05 AM