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What is referring broker?

A real estate referral brokerage is a place for real estate agents who do not do transactions. It is also referred to as a \u201creferral only brokerage\u201d. Agents who join a referral brokerage do not represent clients. They earn an income by referring clients to other real estate agents.

Can a Texas Realtor pay a referral fee?

Yes, as long as your license was active when you engaged in brokerage activity. For example, being active when negotiating a lease or sales transaction or when making a referral.

Can a Texas Realtor pay a referral fee?

Yes, as long as your license was active when you engaged in brokerage activity. For example, being active when negotiating a lease or sales transaction or when making a referral.

What is a reasonable referral fee?

Most common, in my experience: a referral fee for 10% of revenue. Second most common: a referral fee for 5% of revenue. After that, it tends to be a mix\u2014for instance, 20% of the first month's retainer, and nothing after that.

Can you pay a referral fee to an unlicensed person in California?

The California Attorney General issued an opinion in 1995 that a broker can pay a referral fee to an unlicensed person for a referral so long as the referring person was not soliciting on behalf of the broker.

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