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It is normally 25%of the total received by the company before any deductions. Although you will see referral fees at present ranging as high as 45% with some relocation companies and a few agents.
Gary Coles (Internatio...
Las Vegas, NV
I send my referral fees based on the total amount received by my company. I assume the agent receiving the referral will be splitting with his/her broker.
of what our brokerage receives before splitting with the agents.
JJ Canull If your company receives a 25% referral fee, they would receive the total fee and you would get your split unless your company has a different policy.
Good morning JJ. It is whatever you are to, with the person or company your refer the client to.
Make it a great weekend!
The answers below are right. The Commission total is the basis of the referral
It is 25% off the top of the commission.
25% of your company's income. Not all referrals are offered at 25%. I have seen less.
25% of the total commission.
It is the total commission to your brokerage
The referral fee, no matter the percentage, is based upon the total gross commission received.
if it's a listing referral, it's 25% off the top of the listing end.... before anyone gets paid....
A referral commission is taken from the gross commission paid to the brokerage firm. Your brokerage firm would have a signed agreement with the referrer and it would note that as well.
It's 25% of the total commission before splits as far as I'm concerned. I have done quite a few AR referrals and that is how I pay the referral fee.
It is typically 25% of the check written to your brokerage. Splits for you and the company should be determined after the 25% is paid.
I believe it's 25% of the overall cut...but I'm sure you can make it whatever you prefer.