Has anyone else received a call from someone (THEY DID NOT LEAVE THE COMPANY NAME ON MY PHONE) stating they are looking for someone to refer clients to and their referral fee is 90% . I could not believe that someone would expect me to do all the work for 10% of the offered commission. I thought it was joke. Do people actually do this? The company's number is 925-460-9820. Just curious if anyone else got this strange call.
Real Estate Pipeline, Inc. - Missoula, MT
90%???? Good lord...I have issues with giving any of my commission, let alone all of it. Sheeesh
Feb 07, 2008 12:58 AM
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland
Sands Realty 210-414-0966 - San Antonio, TX
Broker, 210-414-0966, San Antonio TX Real Estate
I recently had a relocation from Dallas to San Antonio. Referral fee was 35%. I would not have accepted the proposal with the 35% fee, except the home was a $450,000 home, I did realize a nice net. I would not go 35% on the lower value homes, just not worth it. And for sure I would never consider a 90%. That is crazy. Surely that call was not on the up and up.
Feb 07, 2008 01:22 AM
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos
When I see something like this the cynical side of me looks for an ulterior motive. In other words, this may be an attempt to get information more than a business referral proposal.
Feb 07, 2008 01:54 AM
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland
Shirley - I am thinking it was some kind of scam but not sure.
Bill - You are probably right about that. Why would someone even ask that of an RE Agent.
Feb 07, 2008 01:57 AM
All Real Estate Options - Jacksonville, FL
Jacksonville, Clay & St Johns Counties
Maybe they meant 9%? :) I can't believe they would leave that on a message and think someone would actually call them back.
Feb 07, 2008 02:05 AM
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland
Pam - I listed to the message several times, they said 90%. I can't believe it either. I think they are hoping someone would take it for the volume or something.
Feb 07, 2008 02:13 AM
The Fischetti Group/Keller Williams - Wake Forest, NC
I won't pay a 90% referral fee, but if anyone is tempted by that offer, I'll refer all my business to you if you simply pay me a 80% referral fee. Holy Cow
Feb 07, 2008 09:43 AM
Sold Buy the Sea Realty & R.E.N.T. - Wilmington, NC
REALTOR, GRI, CBR, SHS, e-PRO, ABR
That's absolutely INSANE! I pay referral fees, but I think they've gotten completely out of control. Folks are asking for 35% now and that's just plain greedy. I personally think 10% is more than fair, but nobody would accept that.
Feb 07, 2008 10:46 AM
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland
Jim - That would be nice wouldn't it. Thanks for commenting.
Gregory- You are right about the fees getting greedy. I think these people are looking for someone who needs to bring something in that is not and taking advantage of them.
Feb 07, 2008 12:40 PM
Real Estate One - South Lyon, MI
Wow!!! I am amazed anyone would even think to ask for anything over 40%. I feel 25% is fair, 50% is userous, and 90% ... well, I don't even know what to say about that.
Feb 07, 2008 12:44 PM
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland
Derek - same reaction I had. I called them back and left a message telling them I am going to go on the internet with this because I thought it was a scam and they never even called me back. I am surprised that no one else got this call. I wonder what mailing list I am on.
Feb 07, 2008 12:49 PM
BCR Realtors - College Station, TX
College Station , Texas Homes
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
Stella, I had one call and leave me a message asking for a 19% referral. 19 can sound like 90 if spoken fast enough.
Feb 18, 2008 10:55 PM
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland
Really Brian - OK well maybe that is what is was. I don't know, but they would not call me back.
Feb 18, 2008 11:52 PM
Carrington Real Estate Services - Fairfax, VA
Your Real Estate Coach
I think the going referral rate is between 25-35% but I have seen this agent offering 50% to help sell her listing.
Aug 17, 2008 09:40 AM
Rainmaker
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Stella Barbour
Principal Broker, Serving Virginia and Maryland
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