REFERRING YOUR CLIENT TO ANOTHER AGENT OR BROKER

REFERRAL FEE WITHIN THE REEBROKER GROUP

If you have a client who would like to sell or purchase property, and you are unable to handle the transaction, you may refer your client to another REeBroker Group agent.

When you refer your client to a real estate agent outside of the REeBroker Group there is a 10% fee charged by the brokerage. However, when you refer your client to another real estate agent within the REeBroker Group there will be no referral fee charged to you. You will get the entire referral fee.

Please see the following link and selected the Referral on the dropdown for more details on how to process your referral on the REeBroker Group system.
Printable Checklists

REFERRAL FEE FROM OR TO ANOTHER BROKERAGE

The REeBroker Group agents may receive a referral fee or compensation from another broker. The REeBroker Group charges 10% ($75 minimum) of the fee for this activity.

For an example, you are referring your friend who wants to buy a house in NY to a broker doing business there. That broker agrees to pay a $1000 referral fee. REeBroker Group keeps 10% ($100) and you earn $900.

LFRO STATUS REAL ESTATE AGENTS

What does LFRO mean? Limited Function Referral Office Policy

Do I have to pay NAR, CAR, and Local AOR dues? No.

Will I have access to the MLS? No.

What does the Policy mean? The licenses must be held by an entity separate from the REALTOR®'s brokerage firm. Licenses will be held by referral firm REeBroker. All referrals must be made to the REALTOR®'s brokerage firm on a substantially exclusive basis. Referrals must be given to an agent within the REALTOR® brokerage firm Real Estate eBroker, Inc (DBA REeBroker Group). No fees will be taken by the broker for these referrals.

For more information see here:
National Association of REALTORS® LFRO Policy

The licensees may not be engaged to any degree in listing, selling, leasing, renting, managing, counseling, or appraising real property. The designated broker will be required to annually identify all licensees in the referral firm to the REALTOR® Association Board. The designated broker is required to report any licensees status change within three (3) days.

Note: The exemption for a referral licensee is automatically revoked upon the individual engaging in activities requiring a real estate license other than making referrals. Upon revocation of LFRO status, the licensee will be placed under the REALTOR® firm and all associated dues will be the licensee’s responsibility.