Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

137
Posts
36
Votes
Bernard Chouinard
  • Leicester, MA
36
Votes |
137
Posts

Referral fee agreement?

Bernard Chouinard
  • Leicester, MA
Posted

I have been offered a small percentage as a referral if a property is sold.  In an effort to make sure they do hold up the referral fee would you have them sign a referral agreement?  If so, where could I get one with out having to to to a lawyer to write one up? 

Most Popular Reply

User Stats

51
Posts
18
Votes
Jeffery Goode
  • Real Estate Salesperson
  • Brooklyn, NY
18
Votes |
51
Posts
Jeffery Goode
  • Real Estate Salesperson
  • Brooklyn, NY
Replied

@Bernard Chouinard

3% of the sale price is typically what the buyers salesperson/agents commission is. I wouldn't believe I was getting a referral fee, let alone 3% of the sale price without an agreement in place. I will send you a copy of the agreements that I have and they are legally binding. 

Loading replies...