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Updated about 7 years ago on . Most recent reply

User Stats

146
Posts
61
Votes
Padric Lynch
  • Rental Property Investor
  • Craven County, NC
61
Votes |
146
Posts

Is splitting a referral fee with a seller/buyer okay?

Padric Lynch
  • Rental Property Investor
  • Craven County, NC
Posted

As a referral agent, its difficult to provide my services. There is little incentive for a buyer or seller to have me refer them to a real estate agent. I have only been able to refer myself and family members. Would it be okay/legal/ethical to offer a buyer or seller a piece of the referral commission? This is usually 25% of the real estate agents take home commission. In my opinion, this be a win for all involved. The buyer or seller and I would essentially make a commission on the sale of the property and the real estate agent would have an easy lead fall in their lap. But that's just my rationale. What issues could I run into with this approach?

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