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Ambassador
1,614,236
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I do not.  

Dec 09, 2015 10:03 PM
Rainmaker
530,810
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

I have done similar things and plan on doing much more in the future.

Yesterday I had a meeting with an agent in Mexico with exactly this type of idea.

Dec 09, 2015 01:48 PM
Rainmaker
4,305,869
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Not me.

Dec 09, 2015 11:39 PM
Rainmaker
4,573,347
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't, but I'm sure there are some who do.

Dec 09, 2015 08:17 PM
Rainmaker
634,382
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I have a big out-of-state data base from my other business. It has been a strong source for referring to other agents.

Dec 09, 2015 04:35 PM
Rainer
223,781
LUXURYSOCALREALTY COMPASS La Jolla
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

I used to generate first time home buyer leads in SD for referral fees with the state DPA. But over the years Google Adwords for first time home buyer related keywords have skyrocketed to practically the same cost as luxury related keywords. No longer makes sense.

Dec 09, 2015 01:29 PM
Rainmaker
2,224,267
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I haven't done this, but it sounds like a great idea to me. 

Dec 09, 2015 11:19 AM
Rainmaker
937,491
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

I could see this as a good strategy to get some extra business just for referring a client to someone out-of-state, or out-of-area. Making money without doing a lot of work if you could automate the strategy. 

Dec 11, 2015 03:42 PM
Rainmaker
7,130,590
Roy Kelley
Retired - Gaithersburg, MD

No. My lead generation has always been within our base area.

Dec 10, 2015 09:17 AM
Rainmaker
1,439,471
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No.  I'd rather focus on generating leads in my area so I get the full commission!!  Doing all the work necessary to generate a lead, to only get 25% of the reward is just plain silly!

 

Dec 10, 2015 08:56 AM
Rainmaker
1,209,159
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

YUP!  

Dec 10, 2015 08:28 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't do this purposely, but I know of a few who do.

Dec 10, 2015 05:13 AM
Rainmaker
854,942
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Don't know how strategic I am at this point, but the intent is there, yes. Why do you ask? Do you have ideas for strategies? I'm listening!

Dec 10, 2015 02:46 AM
Ambassador
5,827,067
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I see people here who do that, but personally I think that paid referrals are the root of many of the problems in this profession and the reason why most professions prohibit the buying and selling of referrals.

Dec 10, 2015 02:01 AM
Rainmaker
5,581,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

too time consuming for "short money".... time can be spend more productively....

Dec 09, 2015 11:57 PM
Rainmaker
3,071,034
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Yes - just not us yet.

Dec 09, 2015 10:27 PM
Rainmaker
920,078
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Yes.

The destination agent is given two choices for acceptance both of which are much, much less that the25-35% pillage and plunder rate, but assures me 100% payment upfront.

The above model does not conform to the 'referral fee' model, but it works well for me.

Dec 09, 2015 10:03 PM
Rainmaker
3,394,222
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I know many out of state companies who do, as i get the calls to get these referrals. If it is a customer i would not have had, i happily take them. But then wonder if they should be licensed in Nh if they are soliciting customers for NH homes?

Dec 09, 2015 09:42 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No I have not done it. Thank you for the tip.

Dec 09, 2015 09:28 PM
Ambassador
4,029,125
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I got one offered to me a week ago and the agent wanted 35% and she gave it to more than one agent.

Dec 09, 2015 08:30 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 morning. Not a bad idea!

Dec 09, 2015 05:30 PM
Rainmaker
2,537,524
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning. Pretty interesting strategy if that is what is being done.

Dec 09, 2015 04:58 PM
Rainer
68,845
Sandra Graves
Keller Williams Realty - Folsom, CA
Realtor

 Yes, this is part of my plan for 2016.

Dec 09, 2015 02:30 PM
Rainer
320,329
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

This is an idea I have not thought of.. 

Dec 09, 2015 01:18 PM
Rainmaker
3,762,109
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

I am aware of few agents like to refer leads for referral fees.

Dec 09, 2015 01:12 PM
Rainmaker
1,525,405
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I don't but it is probably worthwhile for some people.

Dec 09, 2015 12:53 PM
Rainmaker
2,049,976
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

not now but I am going to

Dec 09, 2015 11:40 AM
Ambassador
4,318,202
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

RealtyZap . - great idea. I do not.

I received some from CA and should have capitalized on it....

Dec 09, 2015 10:33 AM
Ambassador
1,939,067
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

Lots of people do that as part of their business plan.

Dec 09, 2015 10:29 AM
Rainer
91,755
Val Evans
Scottsdale, AZ

One of our business associates does. My husband designed a CRM type back end system for him to keep track of everything. Last I heard he was doing about 300 deals a year.

Dec 09, 2015 09:32 AM