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Updated almost 7 years ago,
Is splitting a referral fee with a seller/buyer okay?
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?