543 - Referral Agreement - North Carolina Association of Realtors - ncrealtors 2026

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  1. Click ‘Get Form’ to open the 543 - Referral Agreement in the editor.
  2. Begin by filling out the Referring Firm Information section. Enter the Firm Name, License Number and State, Agent Name, and their respective License Number and State. Don’t forget to include the Firm Address, Phone, Fax, E-mail, and Federal Tax ID number.
  3. Next, complete the Receiving Firm Information in a similar manner. Ensure all fields are accurately filled out to avoid any issues later.
  4. Proceed to the Prospect Information section. Fill in the Prospect's Name, Address, Phone, Fax, and E-mail. Indicate whether the Prospect is aware of the referral by checking the appropriate box.
  5. In the Compensation section, specify the percentage of commission that will be paid to the Referring Firm. If not applicable for certain fields, simply insert 'N/A'.
  6. Lastly, complete the Time of Payment section by indicating how many days compensation will be paid after receipt of commission. Ensure both firms sign and date at the bottom.

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ANSWER: The answer is no. The North Carolina Real Estate Commission has consistently taken the position that referring real estate business to a real estate broker, if done for compensation, is a real estate brokerage activity that requires an active real estate license.
In California, for example, real estate licensees must disclose all compensation, fees and profits received from a transaction to their clients. While the law doesnt explicitly mention referral fees, they unquestionably fall under this requirement.
Referring agents fees depend on the referred agents commissions, varying both based on the number and success of leads and the value of the deals. The typical real estate referral fee is 25% of the gross commission.

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Referral fees may be paid between licensed real estate agents as compensation for finding clients, finding properties, or closing deals. Non-licensed individuals, however, cannot receive referral fees based on state and federal law.