do referral fees expire? Can they be renegotiated? its been a year and seems unfair?

Asked by Charles, Allentown, PA Sat Dec 15, 2012

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8
inna ivchenko, Agent, Calabasas, CA
Sun Dec 16, 2012
I never heard about this kind of expiration. Did you refer a client or you was referred to?
0 votes
Judi Monday,…, Agent, Green Valley, AZ
Sun Dec 16, 2012
Unless you put a date on the referral form stating otherwise, it doesn't expire. What if you were the one who extended the referral to another agent? Should it expire--or should it remain in place until that agent finds what the person wants or until the listing sells? I'm a big believer in do unto others as you would have them do unto you.
0 votes
Brian Rayl, Agent, Dallas, TX
Sun Dec 16, 2012
As Elizabeth said, a referral is a client that you would have never had if you didn't get the referral. If you don't want to work with the clients anymore, then drop them and you don't have to pay the referral. If you want to work with the client (which you would have never had if not for the referral), then pay the referral fee.

Work hard for the client. If they are happy with your services, they will hopefully refer some friends and family to you, and you don't have to pay a referral fee for those!

Brian Rayl
B&B Realty Group - Keller Williams Elite Dallas TX
214-601-4192
Brian@Rayl-Estate.com
http://finddallashomesforsale.com
0 votes
Christopher…, Agent, Tarrytown, NY
Sun Dec 16, 2012
Like a sales contract it depends on whatever you agreed to when signing the referral form. If you are concerned I would contact the agent to discuss.

Chris
0 votes
Phil Rotondo, Agent, Melbourne, FL
Sun Dec 16, 2012
Life is never fair, and perhaps it is a good thing for most of us that it is not.
0 votes
Pacita Dimac…, Agent, Oakland, CA
Sat Dec 15, 2012
How is it unfair?

If you don't want to work with the client, and as long as you are not in escrow, you can resign your position and move on. But as long as you are working with the client (whom you may not have picked up were it not for the referral) then you should honor your agreement.
0 votes
Mack McCoy, Agent, Seattle, WA
Sat Dec 15, 2012
Look. You took them on; pay the fee.
0 votes
Fred Yancy, Agent, Woodstock, GA
Sat Dec 15, 2012
I completely agree with Elizabeth. This business is a give and take. There are going to be times when you curse the fees but then you are rewarded for your excellence in service when your client refers you to their friends and family. Stiff upper lip and know that you are doing a great job or you wouldn't have been refered in the first place.

Fred Yancy, Broker
Crye-Leike Realtors
(678) 799-4663
http://fredyancy.crye-leike.com
0 votes
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