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Prospecting for referrals from other agents?

By
Services for Real Estate Pros with Marte Cliff Copywriting

Today's email brought a couple of messages that came through the Active Rain system. I deleted both before I thought about them, but think they were both from the same person. He said he was an agent in New York and wanted referrals.

And that's pretty much all it said.

That got me to thinking about agents prospecting for referrals from other agents. Obviously, his way wasn't the way to go about it, but what IS the right way?

I would think prospecting to other agents for their referrals would involve a few things.

One would be a statement saying that you've read the agent's bio and blog posts and think that he or she is someone you would be comfortable sending referrals to. In other words, make an offer to give before you make a request to receive.a handshake

Next would be showing those agents why it would be wise to refer to you by first telling something about yourself and your own dedication to serving clients well. It could also include a promise or two. For instance: "Should you refer a client to me, I promise to keep you informed of our progress in finding/selling a home."

It might not hurt to include a five-star testimonial or two.

After that, how about an invitation to visit your website, blog, bio, etc. – with the links included. It always drives me nuts when someone invites me to visit them on Facebook, LinkedIn, or even Active Rain – and I'm supposed to go find them. If you want me to visit – send me a link!

And we mustn't forget incentive - It should include an offer of payment for those referrals.

If you're prospecting for referrals from other agents, treat it just as you would prospecting for new listings – answer the unspoken question: "What's in it for me?"

 

 

Comments(14)

Kathy Streib
Cypress, TX
Home Stager/Redesign

Marte- well said.  Most of us agree that we want to refer someone we feel we know to some extent.  What is their track record? 

Dec 29, 2014 09:42 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Kathy Streib I hesitate to even recommend a restaurant... I sure as heck wouldn't refer to an agent unless I felt a bit of confidence that he or she would treat my referral well. 

Dec 29, 2014 10:20 AM
John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Marte  What's in it for me?  I just sent a $6,150 referral check to a company in TX for their referral.  Gotta love this business!  

Dec 29, 2014 11:12 AM
Women of Westchester Working Together
Women of Westchester Working Together - West Harrison, NY
Women helping Women get ahead

Great advice Marte.  Right, people will not blindly give referrals.  - Debbie

Dec 29, 2014 11:13 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

John G. Johnston Which means you got a pretty nice check yourself - good for you!

Women of Westchester Working Together Debbie - why would anyone? Our own reputations are on the line when we give referrals, so we don't just send them to strangers! 

Dec 29, 2014 11:49 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Marte, as always this is excellent advice.  When seeking an agent in for clients moving to another city,  I also call and interview agents for my clients.

Dec 29, 2014 02:18 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Reading the other person's bio and blog is important, a while back I commented on a very good blog from someone that I had not heard from before.

The net day I received an email through the AR email system asking for my contact info so that he could start to exchange referrals on properties in Wisconsin.  He also sent info on how much he expected for a kick back on all of these referrals.

Had he read my bio and blogs, which he should have done before recommending me to his clients, he wold have known that we do not sell real estate, and our association's code of ethics prohibits us from buying or selling leads.

Dec 29, 2014 03:17 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Sharon Parisi I think that's a very good idea. Talking with them gives you a better feel - and it shows you whether they answer their phone or return calls within a reasonable length of time. 

Bob Crane Every now and then I get an email through this system that assumes that I'm an agent. Usually I write back and tell them to look closer... 

Dec 29, 2014 03:28 PM
James Dray
Fathom Realty - Bentonville, AR

I have no problem at all giving a referral to another agent if they approach me right.  The communication you got is not the right way to do it

Dec 29, 2014 06:55 PM
Broker Patty Da Silva Da Silva
Green Realty Properties® - 954-667-7253 - Cooper City, FL
Top Listing Broker

Excellent blog Marte. Thanks for sharing , have a wonderful weekend ahead!

Dec 30, 2014 02:12 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Marte ... very well written post and VB couldn't have said it better, and your post has been featured to the group:

EXPRESS WITH WORDS AT ACTIVERAIN

Dec 30, 2014 02:54 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

James Dray It sure isn't! He doesn't offer even one reason why someone should refer to him. 

Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR Thanks - you have a wonderful week-end too. It feels like we've been on an endless week-end for weeks now, so I'm really looking forward to next Monday!

Thanks Robert (Vegas Bob) Swetz. You know I always appreciate your support! 

Dec 30, 2014 03:21 AM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Referrals are much easier when there is some sort of personal and professional connection.

Jan 18, 2015 01:21 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Michelle Carr-Crowe-Selling Silicon Valley Homes in Top Schools San Jose, Cupertino, Saratoga, Palo Alto-Just Call 408-252-8900 Why would you refer to anyone without knowing something about the way they do business? It's risking your own reputation. 

Jan 18, 2015 01:39 PM