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A brokerage can pay a referral fee to an unlicensed person if the activities of that person did not require a real estate broker, property management or mortgage broker licence under the Real Estate Act (Act).
Yes, referral fees are legal, but only within certain industries. Most other industries also dont pose any requirements in order for a company to implement referral fees. However, since referral fees are not legal for all industries, youll need to do some research to make sure you dont set up an illicit system.
The fees, typically in cash, could be anywhere from 5% to 25% of the total sale, depending on the type of transaction. The referral fee motivates the referrer to recommend the business, bring in new customers, and facilitate sales.
Realtors in Alberta are allowed to be dual agents. You will be asked to agree to this when signing the listing agreement. Many sellers do not completely understand the implications of having an agent represent both parties and simply sign the dual agency acknowledgment without giving it any thought.
A referral fee is a type of commission paid to a person who brings new clients to a business. It is sometimes called a finders fee and is used in many industries, like insurance, real estate, and retail.
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People also ask

In California, the Bureau of Real Estate and California law permits a licensed real estate brokerage to pay a referral fee for a real estate transaction to a person not licensed by the Bureau of Real Estate, only if the person who is to get such a fee was not soliciting on behalf of the brokerage.
A brokerage can pay a referral fee to an unlicensed person if the activities of that person did not require a real estate broker, property management or mortgage broker licence under the Real Estate Act (Act).
What percentage are typical sales referral fees at agencies? Most common, in my experience: a referral fee for 10% of revenue. Second most common: a referral fee for 5% of revenue. After that, options are all over the placefor instance, 20% of the first months retainer, and nothing after that.

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