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transparency in real estate: IT'S TIME FOR THE 10% REFERRAL FEE - 10/27/08 09:10 PM
 
I think that 25% referral fees between agents is too high.
Sure, during the hey-day when you took 'em out, showed 'em a few houses or took the listing and waited for it to sell and went to the closing, no one complained.  I have always had an issue with a 25% referral fee and have made it my own policy to only ask for 20%, as an incentive to the agent I was referring to.  After all, if you have two referrals, one at 25% and one at 20%, what does human nature lead many to do?
Another thing that … (52 comments)

 

Michael Daly

Huntington, NY

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Redfin Real Estate

Address: 283 Ferry Rd, Sag Harbor, NY, 11963

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