Implied Agent?

Sothy
Other/Just Looking
San Diego, CA

She did get 2% commision and her name is not on the contract. The 2 % referral fee seem high isn't it? I did get some referral fee when I referred friends to agent as kind of gift certificate not thousand of dollars!!! I think you did know what you are talking about!

Answers (2)
Marcie Sands
Agent
San Diego, CA

Referral Fees (which now in the State of CA are made from licensed broker to licensed broker) are not soley based on the total commission paid out by the seller. For sake of example, if there was a 500K sale the total commission paid out was 5%, of that 5% maybe 2.5% will go to the listing brokerage and 2.5% to the selling (buyer side) brokerage. If your agent referred you as a buyer to the Nevada listing agent, then that brokerage would be bringing in 2.5% or $12,500. Now - depending upon the Nevada sales person...they may have a commission split with their broker where they only receive 70% of the 2.5% ($8750). Because your CA agent referred them a new client, they might pay out 25% of the $8750 which would be $2187.50. The percentage of the listing salesperson's comission they choose to share with a cooperating/referring agent is between them. In other words the Nevada agent in the above example netted $6562.50 and gave the CA agent $2187.50 of the commission that was originally due to them. Remember these numbers are only examples and can always differ depending upon the situation. I can not speak to the particulars of your transaction, that is why I recommend you speak to your agent and the broker. I hope this helps.

Marcie Sands
REALTOR
Simply The Best Real Estate Company, Inc.
(760) 644-1562

Fri Feb 6 2009, 22:25
Cindi Hagley, W...
Broker
San Ramon, CA
FIRST ANSWER

Not sure of the question, however....a couple of thoughts....

It's illegal for a California licensed agent to pay you a rreferral fee unless you are licensed.

Referral fees are broker to broker......if the selling broker choses to pay another broker a referral fee, it is totally between them.

Hope this helps.

Fri Feb 6 2009, 22:04

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