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In Florida, how exactly does a licensed Real Estate “referral agent” conduct their business.?
Question by sophieb: In Florida, how exactly does a licensed Real Estate “referral agent” conduct their business.?
I mean like what is a referral agent’s job. How do they transfer the prospective buyer to a full-time agent?
yeah David, if only it worked that way in reality.
Best answer:
Answer by David Z
licensed real estate agents pay about 1/4 of their commission to agents who refer them clients. essentially they are buying business.
so if agent A lives in Ilinois and refers a buyer moving to Florida to an agent in Florida, the Florida agent will pay Illinois agent 1/4 of his commission he earns when the buyer closes on a home in Florida. This is a nice thank you gift for sending business their way.
What do you think? Answer below!
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