HOW IT WORKS
HERE IS HOW THE REFERRAL PROCESS WORKS:
Referral Estate licensee (you) refers a buyer prospect to Referral Estate (us).
Referral Estate (us) negotiates a referral fee of earned commission with a licensed Brokerage (Ohlig Group Realty).
Ohlig Group Realty agrees to a referral fee of 25% of X% of the sales price (Lets use 3% as an example).
Referral Estate (us) tracks the transaction to closing.
Upon closing, Referral Estate receives the agreed upon referral fee from Ohlig Group Realty.
The referral agent (you) is paid 80% of the gross amount received by Referral Estate.
EXAMPLE ($300,000 sales price):
Referral fee paid to Referral Estate (from Ohlig Group Realty) is $2,250
Referral Estate (us) split 20% x $2,250 = $450
Referral Agent (you) split 80% x $2,250 = $1,800 (you get a check for this)
Our Obligation: After the licensee has activated (or reactivated) their license and is sponsored by Referral Estate, they will be eligible to receive referral fees. Referral Estate, as a “Limited Function Referral Office”, will contract with real estate brokerage firms to pay us referral fees. We will bill and/or collect the fees. As each transaction is completed, and Referral Estate has received the agreed upon fee, we will either wire or mail the money to the licensee.
Your Obligation: The licensee will refer prospects online. The prospect will complete the online questionnaire. As soon as the prospect has referred to a Realtor, the referring licensee will be able to track the progress of the transaction online.
More questions? Feel free to give us a call 972-532-6336 or check out the FAQ