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#152874 - 07/04/07 09:56 AM REFERRING BUYER LEADS
ReallyReal Offline
Member

Registered: 02/01/07
Posts: 221
Here is the deal, I like to list and sell houses. Working with buyers makes me want to spoon my eyes out.

I don't have a team to refer my buyer leads to but would like to refer them anyway and get the referral fee. I figure there is just no need for me to do work I don't like.

I don't mind qualifying the buyer lead so I can tell the agent if they are A or B level buyers (C level I would just input their info into the computer and auto send listings until they are ready)

Sometimes I would refer to an agent in our office and other times I would refer to a RE/MAX agent in a different office.

What should I be concerned about when doing this and what should I do to protect myself?

Thanks in advance.

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#152898 - 07/04/07 11:18 AM Re: REFERRING BUYER LEADS [Re: ReallyReal]
REODayton Offline
Major Contributor

Registered: 07/27/06
Posts: 3699
Loc: Dayton Ohio
To bad we don't work in the same market Real, im the oppisite of you. I hate dealing with sellers and considering doing the same thing for my listings!

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#152973 - 07/04/07 05:04 PM Re: REFERRING BUYER LEADS [Re: REODayton]
Merkaba Offline
Veteran Member

Registered: 03/20/07
Posts: 1090
Loc: South Carolina
Gosh, don't think I've ever heard that!
_________________________
Realtor Extraordinaire, ABR, E-Pro

Keller Williams Realty
Upstate South Carolina

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#153016 - 07/04/07 08:36 PM Re: REFERRING BUYER LEADS [Re: Merkaba]
KT Offline
Major Contributor

Registered: 01/18/05
Posts: 1524
Loc: Ohio
Either your BOR, or a neighboring one should have a referral agreement you can use, if not, get a local RE attorney to draw one up for you.

Also, for referring outside your office, double check your Independent Contractor Agreement, and your office policy manual to make sure it's allowed. There may be some restrictions on that since you'll be referring to another agent, different office/company, but probably the same market area.

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#153039 - 07/04/07 11:55 PM Re: REFERRING BUYER LEADS [Re: REODayton]
ReallyReal Offline
Member

Registered: 02/01/07
Posts: 221
 Originally Posted By: REODayton
To bad we don't work in the same market Real, im the oppisite of you. I hate dealing with sellers and considering doing the same thing for my listings!


It really is too bad you don't live in St. Louis. Isn't funny how people are different? I can't understand how on earth people want to deal mostly with buyers but I am glad someone does.

I will check the company policy on referrals.

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