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Rainmaker
532,919
Gary Coles (Coaching)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

Yes -- I insert the amount and the time.  And because I work referrals only, I have some additional additions. For example:

I have inserted language (much like a relocation company) stating that if the receiving company is not performing, I may pull the referral and place it with another company.

Jan 18, 2016 11:57 PM
Rainmaker
4,800,282
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I'm pretty lax and more often than not I don't send the referral fee until they are under contract.  And, then yes, all filled out to standards.

Jan 19, 2016 04:09 AM
Ambassador
2,699,066
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Yes to both.  I like Gary Coles (International Referrals) idea that if they are not performing, I can pull the referral back.

Jan 19, 2016 02:11 AM
Rainer
223,950
LUXURYSOCALREALTY COMPASS La Jolla
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

Yes both signatures.  I agree with Gary if you are doing this more consistently a more restrictive addendum may be necessary.

Jan 19, 2016 12:49 AM
Rainmaker
5,959,926
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Agents need to sign, and if not the Broker, then the Broker needs to sign the agreement.    The length of this referral needs to be on it also.

Jan 20, 2016 07:41 AM
Rainmaker
979,796
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Tony and Suzanne - Yes, get all the signatures you can to document, specify the length, and verify the referral agreement.

Jan 20, 2016 02:47 AM
Rainmaker
2,759,862
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Wednesday morning Tony and Suzanne Marriott, Associate Brokers . Interesting question and I did like the answers.

Jan 19, 2016 05:56 PM
Rainmaker
4,321,670
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Tony and Suzanne Marriott, Associate Brokers if it is agent-to-agent referral, both agents should sign that. Not sure if I'd really need my broker's signature on that.

Jan 19, 2016 03:07 PM
Rainer
80,653
Linda Guess
Keller Williams Tri-Lakes Branson, MO - Branson, MO
Branson area real estate sales.

Yes.  Always.

Jan 19, 2016 12:14 PM
Rainmaker
3,986,423
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Absolutely...more info the better

Jan 19, 2016 08:08 AM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tony and Suzanne Marriott, Associate Brokers Yes, it makes it more official. Specifying the referral fee is a must so there are no problems later on when the property closes.

Jan 19, 2016 05:19 AM
Rainmaker
1,642,807
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

Yes, but, not always, especially if it is a very ''cold'' lead I'd warm it first. Trust and my reputation means more to me than a signature. 

Jan 19, 2016 05:05 AM
Rainmaker
4,273,325
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I do, I have had some troubles in the past.

Jan 19, 2016 03:40 AM
Rainmaker
5,584,078
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

yes.... 

Jan 19, 2016 01:07 AM
Rainmaker
3,988,138
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Our forms call for both signatures and when I accept one generally those forms require both signatures.

Jan 19, 2016 12:46 AM
Rainmaker
1,027,657
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Yes, we have a written referral agreement form that requires brokers' signatures. 

Jan 19, 2016 12:35 AM
Rainmaker
8,076,333
Roy Kelley
Retired - Gaithersburg, MD

No. I have documented the referral fee with the referral agent but the brokers have not been asked for anything.

Jan 19, 2016 12:17 AM
Rainmaker
1,677,896
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Yes to the amount the time line hasn't crossed my mind.

Jan 18, 2016 11:41 PM
Rainmaker
1,090,225
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yes and yes. Ours are 1 year, renewable.

Jan 18, 2016 11:41 PM
Rainmaker
5,059,368
Richard Weeks
Dallas, TX
REALTOR®, Broker

The amount yes.  Always a good idea to get it in writing.

Jan 18, 2016 11:38 PM
Rainmaker
1,257,383
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I email to the person what the commission rate will be.

It does not have an expiration.  I call the person right away probing for seriousness. If we have a dialogue I send a referral agreement within the week.

Sam

Jan 18, 2016 11:23 PM
Ambassador
6,616,273
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

No, we are able to do this on our own.

Apr 10, 2019 12:01 AM