What would be a good referral percentage for residential real estate agents referring their investor clients to our multi-unit team?

Asked by Leah Greenwood, San Diego, CA Mon Jul 11, 2011

Is the standard 25-35% enough or should the referral fee be more for investors looking for 5 units (smaller apartment buildings)

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7
Khrystyna Ch…, Agent, Downtown San Diego, CA
Mon Jul 18, 2011
BEST ANSWER
I would say it depends on the quality of a lead.
If it's just a walk in, not preapproved client, 25% is good.
But if an agent has an established relationship with them, and they are preapproved, than I think more is reasonable too.
I went to as far as getting 50% for a refferal once, since I've had a long term relationship with my clients and did a lot of leg work before turning them over,

Thanks,

Real Estate Supergirl
Khrystyna Chorna
Allison James Estates and Homes
7 Horton Plaza,
San Diego, CA, 92101
tel: 619-808-7064
resupergirl@me.com
http://www.sandiegodowntowncondos.net
http://www.youtube.com/chornarealestate
0 votes
Ron Thomas, Agent, Fresno, CA
Tue Jul 12, 2011
25% is reasonable and sufficient.

I wish everyone we deal with would be reasonable and sufficient.
1 vote
Dorene Slavi…, Agent, Torrance, CA
Mon Jul 18, 2011
25% is industry standard for referrals.
0 votes
Cory La Scala, Agent, San Diego, CA
Tue Jul 12, 2011
The standard referral fee is fine.
0 votes
Lance King, Agent, San Francisco, CA
Tue Jul 12, 2011
Every referral deal I've been part of on either side has been 20%.Paying someone 30% just for turning over someone they can't service seems like a lot to me...
0 votes
Janine Kowal…, Agent, Jensen Beach, FL
Tue Jul 12, 2011
The standard is acceptable with me.
0 votes
Phil Rotondo, Agent, Melbourne, FL
Tue Jul 12, 2011
The standard is more than enough.
Web Reference:  http://www.321property.com
0 votes
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