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Updated almost 7 years ago on . Most recent reply

User Stats

41
Posts
2
Votes
Brandon Stewart
  • Wilmington, DE
2
Votes |
41
Posts

Can a referral agent make money in a Sellers Market?

Brandon Stewart
  • Wilmington, DE
Posted

I am planning on getting my license to become a referral agent part time while i work at my full time Job. Before I can move forward I'd like to get a professional's opinion. Seeing as though a sale through a referral agent will mean less commission for the realtor, and considering the fact that in the market I am in, prices are rising which means more demand, could a referral agent actually find a Listing agent who is willing to accept lead's from a referral agent? I know it all depends on my relationship with the person, as well as the % I am asking.

If you are in a really hot market, would you take in quality leads from a referral agent if they are asking for 25%?

Btw I am in wilmington Delaware. I am no expert but based on what I can see prices are rising, so I will assume that we are in some kind of hot market. All answers are appreciated. Thanks!

Most Popular Reply

User Stats

151
Posts
65
Votes
Martha Nowlan
  • Real Estate Agent
  • Waterbury, VT
65
Votes |
151
Posts
Martha Nowlan
  • Real Estate Agent
  • Waterbury, VT
Replied

I'll always accept a referral as long as it isn't more effort than it's worth (basically, if it's a lead I wouldn't want anyways because they want to buy a $100k house 2 hours from me, no thanks). You'll do just fine! Build partnerships with hungry new agents.

Post referrals on Biggerpockets first... then post on facebook groups, you will get multiple responses and can interview different agents. Not sure why everyone is discouraging you! Do it up dude.

  • Martha Nowlan
  • Loading replies...