3,349,404
The best practice is what is negotiated, documented in writing, and honored by all parties. I do not see this as one-size-fits-all. Many factors must be considered.
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Debe Maxwell, CRS
Charlotte, NC
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Jeff Dowler, CRS
Carlsbad, CA
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Lyn Sims
Schaumburg, IL
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Doug Dawes
Topsfield, MA
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Ron and Alexandra Seigel
Carpinteria, CA
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John Juarez
Fremont, CA
3,589,741
Well that depends......what type of property? There are so many levels. I would do the same as we do in residential. Documented in referral addendum and spell out the terms.
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Doug Dawes
Topsfield, MA
1,846,901
The worst structure is the ones by relo companies. If you are looking for a percentage per se, you're not going to get it here.
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
7,863,173
Have a written clearly stated policy.
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Debe Maxwell, CRS
Charlotte, NC
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Doug Dawes
Topsfield, MA
2,191,798
A key element is sending the Landlord back to the Agent who referred them ( if/when the Landlord would want to sell)
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Michael J. Perry
Lancaster, PA
6,417,434
Got a postcard offering $500 referral fee for tenants from a large apmt company in town.
Seems like a nice tip for something that I would normally do for free just to help the renters out.
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Debe Maxwell, CRS
Charlotte, NC
5,239,001
What do you feel is the best policy? That is the one you should go with.
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Debe Maxwell, CRS
Charlotte, NC
5,060,494
Can't say I have any experience with property management companies, but interested to hear what others has to say!
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Debe Maxwell, CRS
Charlotte, NC
766,079
Person to person is always my preferred method. I only work with an manager and company that will keep me in the loop and let me know when the tenant or homeowner is ready to make a move.
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Debe Maxwell, CRS
Charlotte, NC
2,784,566
Go low which keeps the motivation going until completed......Too many hands in the cookie jar makes for stale cookies not eaten
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Debe Maxwell, CRS
Charlotte, NC
1,201,477
What Kathleen Daniels, Probate & Trust Specialist said.
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Debe Maxwell, CRS
Charlotte, NC
5,772,581
Larris,
Kathleen Daniels, Probate & Trust Specialist comment is perfect, and we agree. A
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Doug Dawes
Topsfield, MA
5,254,035
Personally, I'm in Charlotte, NC and have never seen a good referral fee structure - it's so not worth our time to help tenants...which is really sad for the tenants!