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What is a referring agent?

A referral agent, also called a real estate referral agent, earns money refers a home buyer to another real estate agent. The referral agent generates home buyer leads, meets with a potential home buyer, then refers the home buyer to a real estate agent who can meet their needs. The referral agent earns a referral fee.

What is the difference between referring broker and receiving broker?

The Referring Broker is the broker (and agent) is the broker who referred the seller or buyer to the other agent. In other words, this is the agent who is to receive a referral from the commission. The Receiving Broker is the broker (and agent) who received a referral of a client from another agent.

What is a referral in real estate?

A real estate referral is when a licensed agent refers a prospective buyer or seller to another licensed agent to handle the transaction. The referred agent becomes the buyer or sellers main point of contact, and the referral agent receives a fee if the transaction closes.

What is a RFA in real estate?

REFERRAL FEE AGREEMENT (RFA PAGE 1 OF 1)

What is a referring brokerage?

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

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