I was an agent and the company I used to work for — over the years, I really had only two good recommendations from the Relo division. In most sections, the other transfers were surcharges and appeared to be persons sent by agents who were trying to reach their quota for transfers to headquarters. At first, I felt good, because as a young agent, it gave me a firm. How much do agents generally receive as a referral fee if the recommendation is an agent himself who wants to buy an investment property in your state? As a result, it is not legal in the United States to pay a transfer to an unauthorized person. Since the recommendations have to go through the brokers and the unlicensed people do not have brokers, it is not something that can happen. However, since you do not have a license in the U.S. (I think I read that correctly?), a payment to someone on the U.S. side of things would technically only be a private transaction between two people. You`ll want to be careful here, private transactions like this are terribly close to unauthorized real estate activities, which is a great time without-no in the United States.
According to your broker`s referral guidelines, I think your readers should know that at the end of the day, the amount of referral allowance to an agent in a full service brokerage company may be much lower than they expect. Hello, I`m a real estate agent at AZ and I showed a commercial realtor houses that asked if I was making recommendations. I advised him to send me the recommendation agreement, and yes, we do. The transaction was completed and the buyer sent the recommendation 3 days after closing. What am I supposed to do? My agent said we didn`t write anything, so I have no obligation. Nothing has been agreed. They did not speak at the end and told my broker that they were still paying transfers after an agreement was reached. Real estate recommendations go all the way for a variety of reasons. Most of the time, they occur because a real estate agent is not authorized or is not qualified for insurrection of his clients when buying or selling real estate in a given geographical area or for a particular type of real estate. As much as real estate agents would like to be the all-in-a-mile for all real estate for all our clients all the time, there are times when our clients ask for things we can`t deliver. These situations are perfect for a real estate recommendation.
Sounds like a good sale. Did you have a recommendation agreement between you and the broker? Hello Chris, I wonder the timing of a signed recommendation agreement. I have someone who can move out of state in 3-5 years, or buy now if the right house is shown to them since they are watching with the deported broker.