When I refer someone I send them the referral agreement with purchasers name and no contact info, once the agent/broker has signed and returns it to me I return a full copy with my signature and client contact info.
If there is no agreement the buyer agent owes you nothing until s/he lists the buyers home. Professional courtesy the buyer broker should compensate you seeing that you have a referral for the listing side and the buyer agent never called to let you know about the buying side. Unfortunately some agents are sketchy as hell and will let money get in the way of professionalism or common sense.
I'd put the brokerages name out there once this is resolved, as a warning to other agents down the road.
Technically, they owe you nothing on the purchase. The reality, however, is that they should do the right thing and pay you a similar referral fee on the purchase, in my opinion.
Lesson learned though! I tend to do everything by the books and occasionally I agree upon things in a casual manner when I feel like I can trust people. I will follow my gut from now on!
ps. I did have an email acknowledging the fact that they were going to buy in IL instead and that it was good for her..not so good for me. She replied to that email, "....thanks for the referral".
Thanks again, everyone!
I don't think we've had the pleasure of meeting yet. If you'd like, I'd be happy to look over the email and give you an opinion, from a legal perspective, whether or not you have a "contract" with the referral agent. My sense is that you do, and I'd be happy to write a letter on your behalf, if you'd like to go that route.
Joel has my number, so please go ahead and give me a call or send a text if you'd like to talk!
Anything beyond that should cause you to dance in the street because you just benefitted from that that which you neither deserved or earned.
That sounds harsh, but isn't that EXACTLY the details which professionals are epected to NEVER overlook?