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Updated 5 months ago on . Most recent reply

User Stats

137
Posts
36
Votes
Bernard Chouinard
  • Leicester, MA
36
Votes |
137
Posts

Referral fee agreement?

Bernard Chouinard
  • Leicester, MA
Posted

I have been offered a small percentage as a referral if a property is sold.  In an effort to make sure they do hold up the referral fee would you have them sign a referral agreement?  If so, where could I get one with out having to to to a lawyer to write one up? 

Most Popular Reply

User Stats

51
Posts
18
Votes
Jeffery Goode
  • Real Estate Salesperson
  • Brooklyn, NY
18
Votes |
51
Posts
Jeffery Goode
  • Real Estate Salesperson
  • Brooklyn, NY
Replied

@Bernard Chouinard

3% of the sale price is typically what the buyers salesperson/agents commission is. I wouldn't believe I was getting a referral fee, let alone 3% of the sale price without an agreement in place. I will send you a copy of the agreements that I have and they are legally binding. 

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