What are the costs involved in being a member of Southeast Referral and Associates?
The initial fee is $95 and then you are billed annually that same amount on the
same month the following year. The only other costs involved are the fees to renew
your license with the State (fees vary by state) when needed, and the cost of
CE courses, if required.
How much can I really make on a referral?
When a referral settles, Southeast is paid a referral fee and we split that with you
on a 90/10 basis. For example, if you refer someone who buys or sells a home for
$300,000 with a 3% commission on the referred side and a 25% referral fee, after
your 90/10 split, you would receive $2,025 just for referring the client to an
agent. A little over $2,000 for just taking a few minutes to make a referral…Not bad!
How much of a referral fee should I ask for?
When you are placing a referral directly with an agent yourself, the referral fee is an
agreement between the two of you, but 25%-35% is typical. It can be
more or less, depending on your agreement.
Do I still have to do Continuing Education when my license is with
Southeast Referral and Associates?
YES! Any active license must be renewed and Continuing Education must be completed.
Can I get a referral on the sale/purchase of my own home?
YES! You would refer yourself to an agent, just as you would any other buyer or
seller. PLUS, when you are buying or selling your own home, your split will be 100%.
If I know an agent I want my client to work with, can I use that
agent or do I have to go through you?
If you know an agent, you can go directly to that agent, using your
Customer/Client Referral form as your referral agreement. If you do not know an
agent, just call us with your clients’ info and we will take care of it!
What do you need from me when I place a referral?
If we are placing the referral for you, we always need at least their name,
address, contact info and any important info you want to pass along to us. If you
are placing a referral directly with an agent, please send us a copy of your
signed referral agreement for our records.
Can I make commercial referrals?
Yes! If you know a commercial agent, you can go to them directly, or just call us
with the info and we will place your referral for you.
How can I promote myself as a referral agent?
Everyone has different styles, comfort zones and techniques, so this will obviously
vary from agent to agent. The most important thing is to make sure everyone you
know or meet, knows you have a real estate license and that you are a resource for
them. The most cost effective way is staying in touch through email and telephone
calls. Social media is also a very effective way to stay in front of your “sphere of
What happens if I don’t know any agents to refer my clients to?
Just give us a call and we will help you find an experienced agent in the area.