Jeff Pearl, Full Service Full Time Realtor (RE/MAX Distinctive / LIC in VA)

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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

Is your real question: would you ask for a referral fee on a property priced way beneath the typical price point in your area?
Sometimes yes, sometimes no. It depends on how invested I may have been in research and due diligence prior to making the referral, and how much work I think the agent referred to is in for. A lot of times, it's  a 'give, just take care of the client please'.

Aug 13, 2017 10:27 AM
Rainmaker
7,393,679
Roy Kelley
Retired - Gaithersburg, MD

Yes, if the agent is one of my regular referral associates. 

Aug 13, 2017 05:32 AM
Ambassador
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

That's just a normal sale here. Sure, why not?

Aug 13, 2017 06:33 AM
Rainmaker
2,213,023
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Why not?

Aug 13, 2017 06:10 AM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It depends; but probably yes.

Aug 13, 2017 05:40 AM
Rainmaker
767,195
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

I don't see why not. They wouldn't have the listing if not for you.

Aug 13, 2017 03:27 PM
Ambassador
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Anna Banana Kruchten Phoenix Broker
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Jeff of course. But I don't on rentals.....just hand them to somebody good.

Aug 13, 2017 11:54 AM
Ambassador
2,013,077
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

What Anthony Acosta - ALLATLANTACONDOS.COM said.  

Aug 13, 2017 10:09 AM
Rainmaker
1,422,135
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I ask for a referral fee on all sales, but never on rentals.

Aug 13, 2017 06:55 AM
Rainmaker
1,710,215
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We use a sliding scale based on price. Often $100,000 types are more work that the more expensive ones.

 

Aug 13, 2017 06:34 AM
Rainmaker
598,924
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Yes. A referral is a referral and you could at least earn enough to pay your dues for the year.

Aug 13, 2017 06:23 AM
Rainmaker
3,071,089
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Sure

Aug 13, 2017 06:20 AM
Rainmaker
4,859,268
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Sometimes yes and sometimes no! Life is more than about money!

Aug 13, 2017 06:12 AM
Rainmaker
713,369
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Well, of course.

Aug 13, 2017 06:05 AM
Ambassador
2,137,254
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Yes. It all depends on the marketplace, there are still plenty of areas where you can buy real estate for a 100k. I've paid many referrals on that amount and sometimes even less. Maybe not a whole lot but nevertheless. 

Aug 13, 2017 06:04 AM
Rainmaker
1,695,286
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Others have from us, so , I would have to think long and hard on that one.

Aug 14, 2017 06:21 AM
Rainmaker
4,426,399
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Typically, I would but there are situations where I can see where that would not be the case.   I guess "it depends".   

 

Aug 14, 2017 05:30 AM
Rainmaker
616,533
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Interesting question because I've had some agents "refer" someone for one of my lower priced listings and made a point of not asking for a referral fee. NONE of them ever bought, and I saw quickly why they just washed their hands off these "buyers".

Aug 13, 2017 03:27 PM
Rainmaker
2,310,520
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

It depends.  If the property is going to be difficult - then no.  If it is a slam dunk and only needs a sign and mls, I will usually ask for something but not the whole enchilada.

Aug 13, 2017 02:54 PM
Rainmaker
3,411,353
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Of course and why not? I am referred quite a lot of buyers who are looking for affordable condos here in NH and many are under 100k. I pay a referral to all and happily to have them think of me

Aug 13, 2017 02:09 PM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Yes.

Aug 13, 2017 11:15 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

That is a common price point around here.

 

Aug 13, 2017 09:29 AM
Rainmaker
921,248
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I would not. 

However, I do experience that others expect a fee when they send something my way.

I do not ask on because the compensation is so little for the agent involved that I want them to remain motivated, well as much motivation as a thousand dollars can create.

However, I do leverage this extended 'generosity' as a cause to stay in touch. Everyone, everywhere knows folks going to Florida.

Aug 13, 2017 09:07 AM
Rainer
352,926
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

Of course if it's a listing or sale.  Some markets that's a normal price, or so I've heard.  A referral is a referral, unless it's a lease client, I would not.  But then again, I'd never refer a lease and would advise the client to find an agent in the agree than works with tenants.  I don't.

Aug 13, 2017 07:46 AM
Ambassador
4,838,036
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I rarely send out anything that low but, I sure do ask for a referral fee - just a much smaller one than normal. 

Aug 13, 2017 07:25 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Yes

Aug 13, 2017 07:12 AM
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR

You bet, a penny is a penny

Aug 13, 2017 07:09 AM
Rainmaker
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We do. 

Aug 13, 2017 06:57 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes

Aug 13, 2017 06:36 AM
Rainmaker
4,590,640
Richard Weeks
Dallas, TX
REALTOR®, Broker

You bet.

Aug 13, 2017 06:11 AM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jeff Pearl Yes, a referral is a business transaction between two brokers. Real estate is a business. Let's keep it that way.

Aug 13, 2017 06:03 AM
Rainmaker
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Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

No not really. Or maybe a lesser one than normal.

Aug 13, 2017 05:48 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

 A virtual Hug....

Aug 13, 2017 05:45 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have given many a referral to agents under this amount, and never asked for a referral fee.

Aug 15, 2017 05:49 PM
Rainmaker
4,616,495
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I have given one so I would ask for one.

 

Aug 15, 2017 05:42 PM
Rainmaker
1,574,649
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Business is business.  Of course the fee amount would likely be a bit less!

Aug 14, 2017 12:20 PM
Rainmaker
606,304
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

yes, the dollar amount of the sale has nothing to do with a referral being sent but the amount offered for the referral certainly does. the person receiving the referral can decide whether to accept it or not.

Aug 14, 2017 08:14 AM
Rainmaker
4,799,925
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Probably, unless there were some extenuating circumstances.

Aug 14, 2017 05:51 AM
Rainmaker
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Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Yes, why not?

Aug 14, 2017 05:23 AM
Ambassador
4,318,852
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jeff Pearl - I believe so. 

Aug 13, 2017 08:29 PM
Rainmaker
4,678,190
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Referral fees on resales but never rentals.

Aug 13, 2017 07:26 PM
Ambassador
3,378,542
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

The only thing I won't ask for a referral fee on is a referral of a rental listing or tenant.  All else, absolutely.

Aug 13, 2017 06:48 PM
Rainmaker
1,211,193
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I will....

Aug 13, 2017 06:31 PM
Ambassador
3,987,876
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Yes but not under $50,000.

Aug 13, 2017 05:50 PM
Rainmaker
3,986,061
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sure, that may be just the first of many deals

Aug 13, 2017 04:12 PM
Ambassador
4,137,006
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Of course I would...

Aug 13, 2017 03:38 PM
Rainmaker
577,450
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Absolutely.. there is no minimum, or maximum on the price of a sale... a referral is a referral...

Aug 13, 2017 03:22 PM
Ambassador
3,233,732
Kathleen Daniels, Probate & Trust Estate Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Yes.  Why not?  The only exception in my mind is if I were referring to a great agent that said ... I can't do that and pay a referral fee. Then I would reconsider. I understand that we are in in a for profit business. 

Aug 13, 2017 10:47 AM
Rainmaker
1,464,032
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Sure.  We don't have any of those out here... and haven't for 60 years... but why not?

Aug 13, 2017 09:16 AM
Ambassador
1,617,010
Harry F. D'Elia III
Avant Garde Residential Management Services - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Yes

Aug 13, 2017 09:13 AM
Rainmaker
873,937
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

A referral fee is a referral fee - might feed the cat!

Aug 13, 2017 09:03 AM
Ambassador
4,879,764
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Sure why not. I never do on rentals, though

Aug 13, 2017 07:15 AM
Rainmaker
2,728,596
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Depends...not everything we do should be based on money outcomes

Aug 13, 2017 06:15 AM
Rainmaker
2,107,059
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

yes ,but probably a smaller %

Aug 13, 2017 06:12 AM
Rainmaker
786,747
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

Depends on what i did.

Aug 13, 2017 05:26 AM