Jason (AL) 1 Report post Posted October 25, 2009 Since a broker can't pay me a referral fee without violating his license, how would I get paid? Release fee on an option perhaps? Doug,You could offer a service for agents in your area.Something like a marketing fee, paid by them monthly (not to be confused with a referral fee).You basically market for FSBOs (those that aren't in the creative mindset...something you'vebecome accustomed to) and send them to the agents on a daily or weekly basis.I know of a few that charge anywhere from $39-to up in the hundreds, to even thousands per month.This is something that I've thought about doing a time or 2, but didn'twant to pass potential deals onto them for a few bucks when I could make more moneyby creating a deal myself, instead.Then again, if you can't make it work creatively, monetize it like I mentioned. Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted October 25, 2009 I'm thinking more like, $3k Jason Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted October 25, 2009 Well there are ways to get paid. But selling the lead is one way. Building relationships with realtors to me is the best way to get paid. Sure it may have to be after the deal closes. Share this post Link to post Share on other sites
Jason (AL) 1 Report post Posted October 25, 2009 I'm thinking more like, $3k JasonIf you're offering good, quality leads, and they're closingon them and getting paid, then I don't see why you couldn'tfetch that amount. I'm not sure if each agent could affordthat. Some could...some may not. They'd have to be getting goodlistings on higher priced homes to justify that, I'd think. However, that'd be some nice cash flow, all without having to deal with all the corresponding headaches with sellers and tenants. Share this post Link to post Share on other sites
grannyguru 0 Report post Posted October 30, 2009 If you can't do a deal then refer it to a realtor for some CHANGE.Now THAT is a good idea. I'm throwing away lead after lead after lead that would make for a perfectly good listing. I've tried the route of signing up marginal cash deals and found selling the property too difficult. But... referring that out to a realtor could work. I know there are agents out there who work solely on a referral basis, their marketing brings in leads which they refer out to other agents to work, and they get 25% of the commission when the deal closes. Since a broker can't pay me a referral fee without violating his license, how would I get paid? Release fee on an option perhaps? REPLY: When agents pay non-agents that 25% for having referred the lead, it's called a "marketing fee" instead of a referral fee. Just a simple change of terms makes it legal. Hope that helps. Share this post Link to post Share on other sites
Jason (AL) 1 Report post Posted October 30, 2009 Wow. I haven't seen you on here on about 4...5 years? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted October 30, 2009 Wow. I haven't seen you on here on about 4...5 years?It has been awhile, hasn't it? Wonder if this somehow ties into Halloween?? Share this post Link to post Share on other sites
lhenley 8 Report post Posted November 3, 2009 I have an arrangement with a real estate agent...she furnishes me with the list of MLS expireds, and I give her names of possible listings that I find after talking to these owners. Hopefully, it will be a win-win for both of us. Lynn (FL) Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 3, 2009 I've had a few arrangements like that with Agents. I like 'em, and they have worked out well for both sides. Share this post Link to post Share on other sites
lhenley 8 Report post Posted November 3, 2009 She's in the process of closing a listing I sent her. She say's she's going to send me a "finders fee", even though I haven't asked for one. My thinking is/was ... help me and I'll help you in return. Lynn (FL) Share this post Link to post Share on other sites