Jeff Pearl, Full Service Full Time Realtor (RE/MAX Distinctive / LIC in VA)

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Rainmaker
458,554
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Is your real question: would you ask for a referral fee on a property priced way beneath the typical price point in your area?
Sometimes yes, sometimes no. It depends on how invested I may have been in research and due diligence prior to making the referral, and how much work I think the agent referred to is in for. A lot of times, it's  a 'give, just take care of the client please'.

Aug 13, 2017 10:27 AM
Rainmaker
3,990,165
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Yes, if the agent is one of my regular referral associates. 

Aug 13, 2017 05:32 AM
Rainmaker
962,387
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

That's just a normal sale here. Sure, why not?

Aug 13, 2017 06:33 AM
Rainmaker
242,188
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Why not?

Aug 13, 2017 06:10 AM
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

It depends; but probably yes.

Aug 13, 2017 05:40 AM
Rainer
376,563
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

I don't see why not. They wouldn't have the listing if not for you.

Aug 13, 2017 03:27 PM
Ambassador
2,445,520
Anna Banana Kruchten, CRS
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana of Real Estate!

Jeff of course. But I don't on rentals.....just hand them to somebody good.

Aug 13, 2017 11:54 AM
Rainmaker
657,430
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

What Anthony Acosta - ALLATLANTACONDOS.COM said.  

Aug 13, 2017 10:09 AM
Rainmaker
623,921
Thomas J. Nelson, Realtor,CRS,e-Pro
Big Block Realty 858.232.8722 - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

I ask for a referral fee on all sales, but never on rentals.

Aug 13, 2017 06:55 AM
Ambassador
1,058,758
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We use a sliding scale based on price. Often $100,000 types are more work that the more expensive ones.

 

Aug 13, 2017 06:34 AM
Rainmaker
342,401
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

Yes. A referral is a referral and you could at least earn enough to pay your dues for the year.

Aug 13, 2017 06:23 AM
Rainmaker
2,332,887
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Sure

Aug 13, 2017 06:20 AM
Rainmaker
2,169,563
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Sometimes yes and sometimes no! Life is more than about money!

Aug 13, 2017 06:12 AM
Rainer
489,947
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - Scottsdale, AZ
Phoenix Scottsdale Real Estate

Well, of course.

Aug 13, 2017 06:05 AM
Ambassador
1,769,801
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Yes. It all depends on the marketplace, there are still plenty of areas where you can buy real estate for a 100k. I've paid many referrals on that amount and sometimes even less. Maybe not a whole lot but nevertheless. 

Aug 13, 2017 06:04 AM
Rainmaker
1,294,961
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

Others have from us, so , I would have to think long and hard on that one.

Aug 14, 2017 06:21 AM
Rainmaker
2,607,037
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Typically, I would but there are situations where I can see where that would not be the case.   I guess "it depends".   

 

Aug 14, 2017 05:30 AM
Rainer
409,839
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Interesting question because I've had some agents "refer" someone for one of my lower priced listings and made a point of not asking for a referral fee. NONE of them ever bought, and I saw quickly why they just washed their hands off these "buyers".

Aug 13, 2017 03:27 PM
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2,166,295
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

It depends.  If the property is going to be difficult - then no.  If it is a slam dunk and only needs a sign and mls, I will usually ask for something but not the whole enchilada.

Aug 13, 2017 02:54 PM
Rainmaker
2,255,046
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Of course and why not? I am referred quite a lot of buyers who are looking for affordable condos here in NH and many are under 100k. I pay a referral to all and happily to have them think of me

Aug 13, 2017 02:09 PM
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Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Yes.

Aug 13, 2017 11:15 AM
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Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9671

That is a common price point around here.

 

Aug 13, 2017 09:29 AM
Rainmaker
550,870
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I would not. 

However, I do experience that others expect a fee when they send something my way.

I do not ask on because the compensation is so little for the agent involved that I want them to remain motivated, well as much motivation as a thousand dollars can create.

However, I do leverage this extended 'generosity' as a cause to stay in touch. Everyone, everywhere knows folks going to Florida.

Aug 13, 2017 09:07 AM
Rainmaker
278,424
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

Of course if it's a listing or sale.  Some markets that's a normal price, or so I've heard.  A referral is a referral, unless it's a lease client, I would not.  But then again, I'd never refer a lease and would advise the client to find an agent in the agree than works with tenants.  I don't.

Aug 13, 2017 07:46 AM
Ambassador
1,984,682
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I rarely send out anything that low but, I sure do ask for a referral fee - just a much smaller one than normal. 

Aug 13, 2017 07:25 AM
Rainmaker
3,181,267
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Yes

Aug 13, 2017 07:12 AM
Rainmaker
2,087,242
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

You bet, a penny is a penny

Aug 13, 2017 07:09 AM
Rainmaker
164,729
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We do. 

Aug 13, 2017 06:57 AM
Rainmaker
3,503,533
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes

Aug 13, 2017 06:36 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

You bet.

Aug 13, 2017 06:11 AM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jeff Pearl Yes, a referral is a business transaction between two brokers. Real estate is a business. Let's keep it that way.

Aug 13, 2017 06:03 AM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

No not really. Or maybe a lesser one than normal.

Aug 13, 2017 05:48 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

 A virtual Hug....

Aug 13, 2017 05:45 AM
Rainmaker
2,980,529
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have given many a referral to agents under this amount, and never asked for a referral fee.

Aug 15, 2017 05:49 PM
Rainmaker
2,168,358
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I have given one so I would ask for one.

 

Aug 15, 2017 05:42 PM
Rainmaker
1,374,902
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

Business is business.  Of course the fee amount would likely be a bit less!

Aug 14, 2017 12:20 PM
Rainmaker
319,642
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

yes, the dollar amount of the sale has nothing to do with a referral being sent but the amount offered for the referral certainly does. the person receiving the referral can decide whether to accept it or not.

Aug 14, 2017 08:14 AM
Rainmaker
3,676,237
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Probably, unless there were some extenuating circumstances.

Aug 14, 2017 05:51 AM
Rainmaker
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Jennifer Mackay
Keller Williams Success Realty - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Yes, why not?

Aug 14, 2017 05:23 AM
Ambassador
3,399,618
Praful Thakkar
eXp Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jeff Pearl - I believe so. 

Aug 13, 2017 08:29 PM
Rainmaker
3,045,059
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Referral fees on resales but never rentals.

Aug 13, 2017 07:26 PM
Ambassador
2,773,863
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Northern VA

The only thing I won't ask for a referral fee on is a referral of a rental listing or tenant.  All else, absolutely.

Aug 13, 2017 06:48 PM
Rainmaker
726,647
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I will....

Aug 13, 2017 06:31 PM
Ambassador
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Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Yes but not under $50,000.

Aug 13, 2017 05:50 PM
Rainmaker
3,134,838
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sure, that may be just the first of many deals

Aug 13, 2017 04:12 PM
Ambassador
2,348,885
Paul S. Henderson, CRS, REALTOR®,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Of course I would...

Aug 13, 2017 03:38 PM
Rainmaker
422,751
Gloria Valvasori, ASA
Better Homes and Gardens Real Estate Signature Service - Streetsville, ON
Outstanding Service Since 1987 416-717-6331

Absolutely.. there is no minimum, or maximum on the price of a sale... a referral is a referral...

Aug 13, 2017 03:22 PM
Rainmaker
2,330,038
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

Yes.  Why not?  The only exception in my mind is if I were referring to a great agent that said ... I can't do that and pay a referral fee. Then I would reconsider. I understand that we are in in a for profit business. 

Aug 13, 2017 10:47 AM
Rainmaker
878,754
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Sure.  We don't have any of those out here... and haven't for 60 years... but why not?

Aug 13, 2017 09:16 AM
Ambassador
1,568,722
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Yes

Aug 13, 2017 09:13 AM
Rainmaker
592,191
Olga Simoncelli
Veritas Prime, LLC - New Fairfield, CT
Broker-Owner, RE Consultant, Licensed in CT & NY

A referral fee is a referral fee - might feed the cat!

Aug 13, 2017 09:03 AM
Ambassador
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Sure why not. I never do on rentals, though

Aug 13, 2017 07:15 AM
Rainmaker
2,126,821
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Depends...not everything we do should be based on money outcomes

Aug 13, 2017 06:15 AM
Rainmaker
1,517,883
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

yes ,but probably a smaller %

Aug 13, 2017 06:12 AM
Rainmaker
452,302
Paul Antonelli
NextHome Antonelli Realty - Saint Cloud, FL
Broker Owner; NextHome Antonelli Realty

Depends on what i did.

Aug 13, 2017 05:26 AM