No, you will receive a 1099 Form to report your earnings to the Internal Revenue Service if you earned in excess of $600 in referral fees in a tax year.
How soon can I receive my referral fee commission after closing?
Within ten business days to allow time for funds to clear from the brokerage paying the referral fee.
How do I submit a referral?
Go to Agent Login on the menu bar, download the Referral Agreement form. Complete the “Broker Agreement to Pay Referral Commission” and submit to the brokerage firm/agent receiving a buyer or a seller referral from you for their signature. Please send a copy of the agreement signed by both parties to Referral Realty & Associates […]
What is the referral coverage area?
Anywhere in Georgia or anywhere in the United States.
What types of properties can I refer people to purchase or sell?
Single-family residences, townhouses, condos, multi-dwelling units, residential developed lots and land.
How do I explain my role as an agent to a potential buyer or seller?
Let them know that you are a “Referral Agent” who can refer them to a qualified agent that you think would best represent them. You are a “matchmaker” so-to-speak. As a real estate professional you know the agents who could best take care of their real estate needs.